Las Vegas Properties Blog

Solutions for Las Vegas Homeowners

Las Vegas Homeowners – Are you upside down and owe more than your house is worth?

What if I told you there was a way to keep your house, drastically reduce your debt owed and not damage your credit in the process?   Keep reading – this is not a short sale or loan modification!

Did you realize this… ? ? ?

Many lenders are accepting payoffs at 40 to 50 cents on the dollar… without holding you responsible for the difference!

 Many Las Vegas homeowners are facing the challenges of today’s economy and distressed real estate market.  We work with a company with a possible solution for you! If you’re unable (or unwilling) to keep your upside down mortgage any longer and would like to drastically reduce your loan (without damaging your credit), then you need to know more about some of the residential workouts that are going on “behind the scenes.”  Las Vegas Properties works with an investment group and we specialize in helping upside down home-owners keep their properties. The strategy is simple. Investors purchase your debt at a discount from your current lender and then sell it back to you – saving you thousands from your original debt!   If you have a Jumbo Loan, this program might be your solution!

When I first heard about this, I thought it must be too good to be true.   Once I checked it out, I realized that many banks are ready and willing to accept a fire-sale cash price to get jumbo loan mortgages off of their books!  This program helps homeowners stay in their homes, restructure and lower their debt, lower monthly payments, create future equity, with no damage to credit scores.  If you have considered a Short Sale, or are facing the possibility of foreclosure, this opportunity might be right for you.

This program is not a loan modification and is not a short sale!   For a FREE, NO OBLIGATION consultation, call Terri White, Las Vegas Properties, at 702-379-6627 or email terrilvp@cox.net.

Short Sale Solution

Short Sellers Stay In Your Home!  Are you a distressed Las Vegas homeowner?  Would you like to remain in your home, but eliminate your negative equity?  The challenge in completing Short Sales has been that these sales have had the requirement of being an “arms length transaction.”  This requirement has kept many homeowners from being able to sell their home at the current market value, when that homeowner is “upside down” in their mortgage.  With the new SHARP (Stabilization Home Revitalization Program) was recently designed in an attempt to keep the homeowner in his home.  The great news is that homeowners can now stay in their homes, sell the home at current market value, thus eliminating the burden of a mortgage that is far greater than the value of the home.  This is great news for Las Vegas distressed property owners!

By selling to a non-profit agency, an “arms length” transaction is not required.  This is a new program recently approved by HAFA.

Imagine being able to eliminate the negative equity in your home, keeping your family in your home, avoid foreclosure, reduce the effects of negative credit; and, you can re-purchase your home within the next 3 years at current market value.  Basically an investor will purchase your home at current market value and rent it back to you.  You can decide during the next 3 years whether to re-purchase your home or continue to rent for that period of time.

Las Vegas Properties offers a FREE, NO OBLIGATION CONSULTATION to explain the details of this program and how it might help with your personal situation.  Please call us today at 702-876-3553 or email terrilvp@cox.net.  You have nothing to lose and everything to gain by exploring this new program.

Invest In Las Vegas

The Las Vegas real estate market has presented great opportunities to real estate investors.  Prices and interest rates are at an all time low.  The average Las Vegas single family home’s median price is less than it was in 1990.  Investors have account for about 50% of all sales in the Las Vegas, Henderson and North Las Vegas markets. 

The profile of the real estate investor has changed during the last few years of challenging economic times.  In the Las Vegas market, investors are experienced, most of whom purchase multiple properties, either as individuals, or as part of an investment group.  As the mortgage underwriting standards have become so strict, a majority of investors are paying cash; this is in contrast to the investors of 2002-2005, when investors leveraged their purchases with minimal down payments and adjustable mortgages.  Investors today are not as interested in “flipping” properties, but, rather, focused on cash flow and long term appreciation.  Knowing that Las Vegas real estate prices have bottomed out, investors focus on properties with good rental income potential.  By holding these properties for 3-7 years, they will realize future appreciation and income.

Las Vegas investors have many options – REO (Bank Owned) properties are being sold at great discounts; short sales are being sold at prices that are sometimes 50% of the original purchase price.   Real estate auctions also present opportunities for investors.  And, with commercial properties being offered at their lowest prices in many years, investors can enter the commercial real estate investment market that was previously out of their price range .

If you would like more information about investing in Las Vegas real estate, please visit http://www.lasvegasproperties.com or http://www.shortsaleconsultantsofnevada.com.  For our Free Report, “How To Invest In Las Vegas Distressed Properties,” email terrilvp@cox.net or call 1-888-876-8383.

Golf Sun City Summerlin

If you are retired and considering relocating to Las Vegas, you can stay and play in beautiful Sun City Summerlin!  Sun City Summerlin’s Golf Ambassador Program is a great program designed to introduce home buyers to the beautiful community of Sun City.  Ambassadors are Sun City residents who reach out to golf enthusiasts who are thinking of retirement communities in Las Vegas.  The program is open to non-residents of Sun City Summerlin.  In order to qualify, one person in your party must be at least 55 years of age, and one person must be a golfer.  This is a great way to experience Sun City Summerlin and its beautiful golf courses first-hand, while meeting some great people!  For more information about this program, contact golfambassadors@scscai.com.  Please let the Ambassadors know that you heard about this program from Las Vegas Properties!

Sun City Summerlin is a great choice for retirees!  It is ideally located, just minutes from the Las Vegas Strip, with beautiful mountain views, shopping, dining nearby.  Sun City Summerlin is home to more than 7,500 residents who enjoy the 3 18-hole golf courses, community recreational facilities, pools, spas, classes, social events and restaurants.  This is a wonderful active adult community!  You can learn more about Sun City golf by visiting www.scscai.com.

Sun City is part of Summerlin, which has been one of the top selling Master Planned Communities in the country for the past 20 years.  This is the best time to relocate to Las Vegas and Sun City Summerlin, as the values have never been better!  For more information about Summerlin and Sun City real estate and homes, please visit our website at www.lasvegasproperties.com or call 1-888-876-8383.

YOU HAVE OPTIONS!

If you are a Las Vegas homeowner who is facing the possibility of Foreclosure, you should not that YOU HAVE OPTIONS!

Have attorneys promised you a LOAN MODIFICATION, or tried to convince you to declare BANKRUPTCY?  Have consultants promised to negotiate a SHORT SALE for you?  Are you frustrated, and concerned that the clock is still ticking, and that might still lose your home to foreclosure?  You should be concerned!

 A Short Sale might be the right solution for you. I am a Real Estate Broker with more than 20 year’s experience in Las Vegas.  I am a Certified Distressed Property Expert who understands the complex issues confronting the real estate industry today. You owe it to yourself to explore your options and to improve your family’s financial situation. 

 Here are some of the mistakes made by homeowners facing foreclosure:

Mistake #1 – DOING NOTHING – Fewer options become available as you wait

Mistake # 2 – THINKING THAT A LOAN MODIFICATION IS YOUR ONLY SOLUTION – very few homeowners qualify for a loan mod; 65% of all loan modifications are in default again within 12 months

Mistake # 3 – NOT UNDERSTANDING YOUR RIGHTS AS A HOMEOWNER –

Nevada is a non-judicial foreclosure state; you have legal rights that can help you find a solution

Mistake # 4 – NOT UNDERSTANDING TAX, CREDIT AND DEFICIENCY IMPLICATION

Email terrilvp@cox.net to order my FREE REPORT, “10 MISTAKES YOU CAN’T AFFORD TO MAKE WHEN FACING FORECLOSURE.”

A SHORT SALE might be a good option for you.

MINIMIZE DEGRADATION TO YOUR CREDIT SCORE

PRESENT A SOLUTION TO YOUR LENDER THAT WILL AVOID ADDITIONAL COSTS AND LENGTHY DELAYS

HELP TO MINIMIZE YOUR DEBT OBLIGATIONS

AVOID DECLARING BANKRUPTCY

ALLOW YOU TO PURCHASE ANOTHER HOME WITHIN 2 YEARS

CONTINUE TO LIVE IN YOUR HOME DURING THE MARKETING AND SELLING PROCESS

 I offer a FREE, NO OBLITATION CONSULTATION to help you determine your eligibility for a Short Sale.  For more valuable information, visit my website,

http://www.shortsaleconsultantsofnevada.com/  or call me at 702-379-6627. 

The City of North Las Vegas is excited to announce the opening of its newest business – Blue Oasis Pure Shrimp Farm.  This 30,000 square foot,$5 million facility, is located just 30 minutes from the Las Vegas Strip.  According to Shari Buck, Mayor of North Las Vegas, Blue Oasis will contribute approximately $800,000 in property taxes and have an economic impact of $16.2 million over the next 5 years.  More than 30 jobs will be created, which is great news in today’s challenging economic climate!  This is great news for the growing city of North Las Vegas!

The Blue Oasis farm was built, according to its owners, by using echnology developed by scientist Adrian Zettell.  Shrimp are grown and harvested at the North Las Vegas facility in 44 ponds that have been built from recycled shipping containers.  The waste of shrimp is used to fertilize the algae that maintains the salt-water system.  The facility anticipates producing more than 460,000 pounds of shrimp annually when it reaches full operational capacity.

Blue Oasis is owned by Ganix Bio-Technologies; the company received more than $120,000 in tax incentives from the Nevada Commission on Economic Development to build the farm.  Blue Oasis will market its srimp to the many high-end Las Vegas restaurants, as well as to customers in grocery stores. 

If you are interested in other North Las Vegas news, or communities and homes located in North Las Vegas, contact Las Vegas Properties at 1-888-876-8383 or email terrilvp@cox.net.

Las Vegas Homes

During the recent real estate “slump,” Las Vegas homeowners are taking the opportunity to renovate and spruce up their homes!  Rather than trying to sell at today’s low prices, and instead of buying a new home, Las Vegas has seen a surge of renovations and remodeling projects.  Both interior and exterior projects have generated great business for home improvement stores and contractors.  One of my favorite business partners, ProSource, has helped homeowners to create new and unique decor in their Las Vegas homes. 

ProSource provides my clients with some great and innovative design options when they are considering remodeling their homes.   And they always share interesting and important information about their products, which help homeowners with their design selections.

Leo Cuellar recently visited ShawFloors.com and thought you would enjoy this article: Carpet Myths. Shaw has the expertise and information to help you find floors that fit your home and your life.  If you would like to receive information about new products, please email me at terrilvp@cox.net and I’ll make sure that Leo sends info your way!  If you are thinking of selling your home, or buying another home or investment property, please contact me at Las Vegas Properties, or call me at 702-379-6627, or email terrilvp@cox.net.

Las Vegas has always been known for its glitz, glitter and gaming.  But we have so much more to offer!  A team 15 high tech companies have joined forces to develop The LINQ360 Innovation Center, with headquarters located in the master planned community of Summerlin.  The LINQ360 Innovation Center is home to various technology companies that address the needs of Las Vegas’ huge resort/hotel industry.

The design of the LINQ360 building is quite unique – it has an open-display, convention center-like feel.  Each vendor has its own booth, with displays that offer a hands-on experience.  One of the displays is an actual hotel room, where clients can see future technology and how it will improve guests’ hotel experiences. 

The Nevada Development Authority has been successfully bringing new companies to the Las Vegas area, in an effort to diversify our economy.  This high tech venture oneof th most exciting new companies who promise employment opportunities to Las Vegas residents. 

Las Vegas is a great place to live and work.  If you are thinking of relocating to the Las Vegas, Henderson or North Las Vegas areas, please contact Las Vegas Properties - or email terrilvp@cox.net

I love Las Vegas businesses with innovative ways to provide the best services and best prices to my real estate clients!  I have discovered a unique company, ProSource Wholesale Floorcoverings!  ProSource offers endless design options for every budget.  From floorcoverings to kitchen and bathroom design services, the ProSource Showroom offers more than 25,000 flooring options – carpet, porcelain, tile, natural stone, hardwood, custom rugs, trim, accent pieces…….to name just a few!

I work with many clients who are purchasing new homes in Las Vegas, remodeling existing homes or renovating recently purchased investment properties.  I meet my clients at ProSource, where they get great ideas from my consultant, Leo Cuellar.  It’s a “win-win” for everyone – great products, best pricing and actually a fun buying experience!

 Watch in the upcoming months for some exciting new products and ideas for your Las Vegas homes.  If you would like more information about ProSource and how we can help you with your Las Vegas homes and investment properties, contact us at www.lasvegasproperties.com or email terrilvp@cox.net.

PRO SOURCE PRODUCTS