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Las Vegas Foreclosure Connection

Your resource center for finding foreclosures, bank-owned, short sale, REO (real estate owned) properties in the Las Vegas Area including North Las Vegas, Henderson, Green Valley, Summerlin, Anthem, Aliante, Boulder City. You can also search ALL other available properties for sale in the Las Vegas area including resale homes and new construction. Visit our Foreclosure Information Center to learn more about the Las Vegas foreclosure process, how to negotiate and buy bank-owned and short sale homes, tips on selling your home with a short sale, loan modification tips, foreclosure statistics and current market conditions in Las Vegas. We are a team of real estate professionals ready to take care of all of your Las Vegas Real Estate and specialize in the short sale and foreclosure listing, sale and closing process.

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Remodeled Mcneil Manor Home with pool for Sale in Las Vegas Nevada 2707 Colanthe Ave

I just listed a very charming, remodeled home in Mcneil Manor here in Las Vegas. This neighborhood doesn't feel like you're in Las Vegas with huge trees, big lots, and great neighbors.  I am a little biased with this listing, because I live here and can vouch for how awesome it is.   This is a very centrally located neighborhood with fantastic access to I-15 and I-95, and five minutes to the strip.   It's primarily made up of single story homes, and if you're looking to escape the cookie cutter feel of the rest of Las Vegas, you need to visit this area.   The neighborhood was built in the 1960's and the average lot size is nearly a quarter of an acre. 

The new listing is on 2707 Colanthe Ave, Las Vegas NV 89102.

  • 2195 Sq ft
  • 3 Bed
  • 2.5 Bath
  • 2 Car Garage
  • Pool and Spa
  • Remodeled Kitchen with stainless steel refrigerator, double oven, and corian counter tops
  • Porcelin Tile and Pergo in main areas
  • Slate flooring in master bedroom
  • Large Jetted Tub and steam show in the master bath
  • French Doors with Roladen Security Shutter.
  • Covered Patio with great view of Stratosphere
  • Large lot dog run
  • Stacked Stone Fireplace

2707 Colanthe Ave 2707 Colanthe Ave

2707 Colanthe Ave 2707 Colanthe Ave

2707 Colanthe Ave

2707 Colanthe Ave

If you would like a private tour of this beautifully remodeled home in Mcneil Manor, please contact Felipe Crook at 1-866-589-1646 or email me at Felipe@felipecrook.com

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

1-866-589-1646 


 
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Custom Home for sale in Roma Hills Henderson Nevada

Roma Hills is a beautiful community in Henderson Nevada.  Full of custom homes, this guard gated community sits near the base of the southern mountains in the Las Vegas valley.  Take a look at this beautiful home for sale:

Henderson Luxury homes Nevada

Las Vegas Luxury Homes

  • 4 bed, 4 bath
  • Den/Office
  • 3427 sq ft
  • 12,197 sq foot lot
  • Pool and Spa
  • Guard Gated Community
  • Travertine Floors
  • Upgraded counter tops and cabinets
  • Much more....

ELEGANT CUSTOM SINGLE STORY*TRAVERTINE MARBLE FLOORS IN ALL LIVING AREAS*KOHLER SINKS & PLUMBING*GE MONOGRAM PROFESSIONAL GAS RANGE*TOP-LINE CABINETRY & ELECTRONICS PACKAGE*THEATER ROOM*CASITA*RAISED EDGE POOL W/SOLAR HEAT & WOK WATERFALL*GORGEOUS SEPARATE MASTER SUITE*2 BOSCH DISHWASHERS*BUILT IN COFFEE/ESPRESSO MAKER

For full details of this property, contact Felipe Crook with Prudential At 1-866-589-1646.

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

 


 
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Stately Georgian Revival Historic Mansion for sale in Rocky Mount, North Carolina

Anytime I can help a client try to sell their home in another state with some extra internet exposure, I put their home on my blog and various other websites to generate some good traffic.  Since Las Vegas doesnt' have too many "historic" homes, I thought this would be a fun thing to blog about and hopefully it will generate enough interested to bring a buyer for this very cool mansion. Here's a description about the home:

STATELY GEORGIAN REVIVAL MANISON
ROCKY MOUNT, NORTH CAROLINA

STOP: $8,000.00 TAX CREDIT FIRST TIME BUYERS; $6,000.00 TAX CREDIT FOR OTHER BUYERS EXPIRES 4/15/2010


Take a SECOND LOOK at this Large Eligant Historical Home Now FHA will permit lenders to use the $8,000.00 or $6,000.00 tax credit to either cover closing cost or make a Larger Down payment. Seller will credit another $20,000.00 in escrow to be applied to down payment. This may assist you in qualifying for a Home Loan. Just recently in the "Raleigh Metro Magazine" it states and I quote, "Talk about location, location, location a city of 60,000 residents is situated at the geographic junction of North Carolina's Piedmont and Coastal Plains, where temperate climate, scenic beauty and good cropland abound, it is at the intersection of three major highways US 301, Interstate 95 and US 64 only 45 minutes from Raleigh and midway between New York, NY and Jacksonville, FL." The magizine went on in great detail about the many amenities in Rocky Mount as well as sport facilities. This Historical Home is a gem and located in the Historical District in Rocky Mount, North Carolina. The street is lined with beautiful Historical Homes. This Mansion is circa 1924, two stories plus a finished attic and has a basement. The Home was built by Kate Arrinton a wealthy socialite for entertaining.
The room are large and with wide crown molding. It has a cedar lined closet as well as an EXTREMELY LARGE Walk-In Closet and a BEAUTIFUL Staircase, five fireplaces, 10 foot high ceilings and a large kitchen with a butler's pantry. The Home has a carport attached to the house and a garage with a carriage house. This Home has 2 Master Suites one with a large Walk-In Closet and Fireplace.
This Home has been lovingly maintained throughout the years and updated with two central heating and air conditioning, one zone on each floor with computerized thermostats.
It has its Original Slate Roof which is in EXCELLENT CONDITION. The Home has French Door leading from the Formal Living Room into the Hall and Dining Room. Some of the original light fixtures others Chandeliers for formal areas were custom made in Murano, Italy of BEAUTIFUL crystal for the period of the house.
The Home has the ORIGINAL Hardwood Floors in Excellent Condition, NEW Custom Window Shades and Drapes and Curtains that conform to the period.
This Home has the ORIGINAL Bathroom Tile Floors, Bathtub and NEW Pedestal Sinks that conform to the period as well as new faucets.
This Home is in walking distance of the NEW Braswell Public Library and the NEW Multi Million Dollar Imperial Art Center as well as a 10 minute drive to other locations for shopping as well as dining as we as several movie theaters. This Area is the part of the United States that is green as well as in a short driving distance of the BEAUTIFUL Coast for boating, fishing, etc. If you would enjoy a Large Solid Infrastructure House, then you could make this Beautiful Home your next one in Rocky Mount the homes are selling for over $200.00 per square foot, this Large Home is priced at less than $100.00 per square foot. you will appreciate the WONDERFUL ELEGANCE of Large Rooms for your Family and Guests. The schools here are VERY GOOD, there is private as well as 2 public schools that were just awarded as 2 of the BEST in the United States by U.S. News and Would Report, so for families or for entertaining this home would be perfect. Unlike many Historical Homes throughout the United States that have been altered or turned into apartments this BEAUTIFUL Home has never been altered and the Historical significance and integrity is in tack. If you would like a copy of the article in the Raleigh Metro Magazine and are interested in this Home you may email me.
I will assist you in owning this Beautiful Home. Seller will consider carrying a Second Trust Deed for qualified buyers. There will be NO Greater Time to purchase a Home than NOW if you are a first time buyer you will receive an $8,000.00 Tax Credit or Refund. Interest rates are low and loans will be easy to get now that the Federal Government has bailout to banks to make loans available to purchasers buying homes. This Home is priced under appraisal and less than $100.00 per square foot. NO REASONABLE OFFER REFUSED, Not in Foreclosure or Pre-Foreclosure. This is due to family illness in another state. Interest rates are low, here is your chance to own a bit of History in this EXCELLENT CONDITION Home. Seller will furnish HOME WARRANTY.

Here are a few pictures:

Historic Mansion for Sale in Rocky Mount North CarolinaHistoric Mansion for Sale in Rocky Mount North Carolina

STATELY GEORGIAN REVIVAL MANISON Historic Mansion for Sale in Rocky Mount North Carolina

Here are a few more specs on this Historic Mansion in Rocky Mount, North Carolina:

STATELY GEORGIAN REVIVAL MANSION

$399,900.00 Under Appraisal Bedrooms: 5
Full Bath(s): 3
Heated Sq. Ft.: 4200
Unheated Sq. Ft.: 1900
Stories: 2.5

Acres: 0.340

Listing #: 2310

  • 1st Floor Bath
  • 1st Floor Bedroom
  • Attic
  • Crawl Space
  • Dining room
  • Entry Hall
  • Kitchen
  • Laundry Room
  • Living room
  • Sunroom
  • Unfinished Basement
  • 2 Car Garage
  • Automatic outside lights
  • Casement windows
  • Fenced Yard
  • Garden
  • Guest House
  • Patio
  • Restored exterior
  • Storage Building
  • Storm Windows
  • Wrap Around Porch
  • Built-in Bookcases
  • Built-in Cabinets
  • Ceiling Fans
  • Ceramic Tile
  • Grand staircase
  • Original wood windows
  • Transoms
  • Walk-In Closets
  • Wood floors
  • Central air
  • City sewer
  • City water supply
  • Dishwasher
  • Disposal
  • Gas heating
  • Range
  • Refrigerator
  • Security System
  • Water Heater - Gas
  • - Included in Selling Price -
  • 1-Closet Cedar Lined
  • 5-Fireplaces
  • Bar-B-Que
  • Butler's Pantry
  • Custom King Size Bed Cover Matching Window Treatments
  • Driveway-Brick & Grass
  • Library
  • Maytag Washer/Dryer
  • Microwave
  • Some Furniture Maybe Purchased or Included upon Inquiry
  • Stove
  • Up-Stairs Master Bedroom has Large Walk-In Closet & Fireplace
  • Jackson & Perkins Prize Roses
  • Master bedroom downstairs
  • Master bedroom upstairs
  • Slate Roof
  • Tin Roof

If you have any questions about this property, please feel free to give me a call toll free at 1-866-589-1646 and I will get you any information you need.  Enjoy all the history in this lovely home.

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

1-866-589-1646

felipe@felipecrook.com


 
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Strategic Defaults and Negative Equity May Lead to More Foreclosures and Short Sales

Strategic default is a hot topic in the press, on the blogs and in the real estate industry.  Homeowners are starting to weigh all their options and make "business" decisions about whether to stay or walk away from their home.  In many cases, the homeowner/borrower is truly unable to continue to make the payments due to a variety of hardships, job loss or major changes in their income.  There are avariety of alternatives to foreclosure including a short sale.  The best advice for homeowners in this situation is to consult with qualified legal, tax and real estate professionals to gather the best advice and information in order to make the best decision for themselves.

Loan modifications have impacted a small percentage of homeowners but currently do not address the big issue of negative equity. 

Take a look at these reports and sources...

Amherst Securities testified before the House Financial Services Committee (12-8-09) - Download Amherst Securities Group - HAMP Testimony
Two main points from this report:
1. Single largest problem with housing market is negative equity.
2. Current modification program does not address negative equity and is destined to fail.

WSJ Development Blog (1-4-10) NY Fed: Most Successful Mortgage Modifications Reduce Borrowers Principal

Negative Equity Report for Q3 (Calculated Risk Blog 11-24-09)

 underwater homes

Data Highlights

  • Nearly 10.7 million, or 23 percent, of all residential properties with mortgages were in negative equity as of September, 2009. An additional 2.3 million mortgages were approaching negative equity, meaning they had less than five percent equity. Together negative equity and near negative equity mortgages account for nearly 28 percent of all residential properties with a mortgage nationwide.
  • The distribution of negative equity is heavily concentrated in five states: Nevada (65 percent), which had the highest percentage negative equity, followed by Arizona (48 percent), Florida (45 percent), Michigan (37 percent) and California (35 percent).
  • NPR: To Stay Or Walk Away - Here is an interesting podcast from NPR's Planet Money: To Stay Or Walk Away

    Lenders Pursue Mortgage Payoffs Long After Homeowners Default   This article from Bloomberg.com points out what we believe is just the tip of the iceberg - mortgage companies pursuing the deficiency or shortage from a foreclosure or short sale.  The laws that allow a mortgage company to pursue a deficiency judgment varies from state to state.  There are several reasons why we haven't seen a lot of reporting on this - but this could change soon:

    • Banks/lenders have been seriously bogged down just handling the high volume of defaulting loans, short sale requests, loan mods
    • Not really politically-correct or good PR at the moment given our current economic and housing crisis

    "The FDIC tracks the amount banks collect after defaulted loans were written off.  These mortgage recoveries rose 48 percent to a record $1.01 billion in the first nine months of last year compared with the year-earlier period, according to the Washington-based regulator. Recoveries on defaulted home-equity loans almost doubled to $392 million, the FDIC data shows. The figures dont include money retrieved by trusts overseeing mortgage-backed securities, such as the one that holds the loan on Kings former home, or efforts by distressed- asset funds and companies that buy bad loans to profit from collection rights"

    Good News / Bad News

    Bad news for Las Vegas and Nevada is that it appears we have a long way to go before we fully recover from the housing crisis. 

    Good News is there are great opportunties for investors, home buyers looking to purchase in the local market.

    Start Your Search for Las Vegas FORECLOSURE Property NOW!

    Search Las Vegas Foreclosures

    Search ALL LAS VEGAS Available Properties

    Felipe Crook
    Prudential Americana Group Realtors
    Las Vegas NV 89117
    1-866-589-1646


     







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    Las Vegas Real Estate Market Report: 01/27/10

    e="font-family: Arial; color: black;">This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors). For the week of January 27, 2010, data is obtained from the Greater Las Vegas Association of Realtors MLS.

    Single Family Residence (SFR)
    Available 8,602 (-10 , Last Week 8,612)
    Under Contract 10,834 (+158 , Last Week 10,676)
    Days of Supply 24 (+0 , Last Week 24)
    Short Sales 11,105 (+121 , Last Week 10,984)

    Condominiums and Town Homes (CONDO/TH)
    Available 1,904 (+28 , Last Week 1,876)
    Under Contract 2,711 (+36 , Last Week 2,675)
    Days of Supply 21 (+0 , Last Week 21)
    Short Sales 2,846 (+46 , Last Week 2,800)

    Combined SFR + CONDO/TH

    Available 10,506 (+18 , Last Week 10,488)
    Under Contract 13,545 (+194 , Last Week 13,351)
    Days of Supply 23 (-1 , Last Week 24)
    Short Sales 13,951 (+167 , Last Week 13,784)

     


     




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    Homes for sale in the Basic High School zone in Las Vegas Nevada

    Homes for sale in Basic High school Zone

    If you're looking for homes in the Basic High School Zone in Las Vegas, Nevada click below the links for the properties you'd like.  If you want more information, please call Felipe Crook from Prudential Americana Group Realtors, 1-866-589-1646.

    Foreclosure Homes for Sale in Basic High School Las Vegas

    Homes for Sale in Basic High School Zone Las Vegas under $100,000

    Homes for Sale in the Basic High School zone Las Vegas between $100,000 to $200,000

    Felipe Crook

    Prudential Americana Group Realtors

    Las Vegas NV 89117

    1-866-589-1646


     







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    BofA expected to release 6,000 REO properties in Las Vegas during 2010

    There has been some press recently stating Bank of America expects to release about 6,000 foreclosed properties into the Nevada housing market in 2010, or about 500 a month.  The local real estate agent community has been hearing the same type of message from REO agents, asset managers for months.  Hopefully, we will actually start seeing some of this inventory become available and soon! 


    Key Points:

    • It's part of the so-called "phantom inventory" of foreclosed homes being held by banks as they work out loan modifications and negotiate short sales, two of the more desirable alternatives to foreclosure.
    • BofA has been receiving about 40,000 new short sale offers a month, but has not been processing as many as it has received because of the difficulty of the process.
    • According to California-based research firm Concord Group, the Las Vegas market will still struggle from bank foreclosures over the next two years. It said that Southern Nevada has lost more than 90,000 jobs since the downturn, falling to about 850,000.
    • Las Vegas has a supply of 16,215 residential units for sale, 8,845 units of which are bank-owned, HUD homes and other types of foreclosures.
    • The city currently has a total of 700,000 households, which is expected to rise by 2.5 percent over the next 5 years.

    Read all the details:

    Here is the LVRJ article dated 1-14-10 from Hubble Smith Bank of America to release homes

    and another post Las Vegas Foreclsoures to Rise with BofA Bank-Owned Homes (1-20-10).

     

     

    Start Your Search for Las Vegas FORECLOSURE Property!

    Search Las Vegas Foreclosures

    Search ALL LAS VEGAS Available Properties

    Felipe Crook
    Prudential Americana Group Realtors
    Las Vegas NV 89117
    1-866-589-1646


     




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    Las Vegas Luxury Properties Link is now on Facebook

    With over 300 million users on Facebook, it's pretty clear that many people's preferred method of getting information is through social media.  I've created a Fan Page on Facebook that allows users to see all of my post on the Las Vegas Luxury Home Market.  It will have links to great articles, hot properties, and the latest trends and statistics. To become a fan, simply click on the box below. Once you are on the fan page, click become a fan. Having this fan page will enable you to communicate easily, by posting questions, or adding hot properties to the wall.

    Las Vegas Luxury Homes

    As always, free feel to contact me directly, toll free at 1-866-589-1646 or email me at felipe@felipecrook.com

    You can also search for las vegas homes anytime here, or simply start search below.

    Felipe Crook

    Prudential Americana Group Realtors

    Las Vegas NV 89117


     
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