Las Vegas is a gambling town but even the pros know you shouldn't push your luck- especially with a sure thing. The $8,000 first time homebuyer tax credit is assured to any creditworthy person who has not owned a home in the past three years. The main way to blow this pile of cash is to wait too
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08/13/2009
If you're a Las Vegas homeowner with financial problems that you expect to overcome soon, you may have a different agenda than someone who sees selling their home as the only way to escape foreclosure. Assuming your home is one you like, want to keep, and can afford, talking with your lender in
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07/28/2009
If you are at risk of foreclosure, you aren't in a hopeless situation, but no question about it, time is of the essence. As soon as you realize you are headed for trouble, it's time to develop a game plan. Your strategy will vary according to what you want to do and what you can do. If you rea
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07/23/2009
If you've read our blog the last few months, you know that we have always said that Obama's housing programs were fluid programs that would expand to help more homeowners. Lo and behold, on July 2, HUD Secretary Shaun Donovan announced that homeowners who are 125% underwater on their mortgages w
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07/14/2009
When we read the current blog by Brian Tutas on whether walking away from an underwater home was morally wrong or good financial sense, we couldn't help but reflect on the same research on this topic that he referenced. Researchers from Northwestern and the University of Chicago studied housing
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07/05/2009
Today is July 4th, a great day in American history that marks the day some 233 year ago the U.S. broke free from England to become a separate country. The original settlers and great waves of subsequent immigrants have come here in pursuit of economic, political, social, and religious freedom. T
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07/04/2009
"Life is what happens while you're making other plans." Richard Dreyfuss in Mr. Holland's Opus No one moves into a home planning on foreclosure. Even if 9 out of 10 people would have told you the big house in Las Vegas was too expensive for you or that you were making a bad decision when you bou
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06/30/2009
In the wacky world of short sales and REOs, finding the home trashed by former owners or vandals calls for new levels of salesmanship. The foreclosure crisis has resulted in a rash of trashed, smashed, and stripped-bare homes for the next set of owners to deal with. Many homeowners, strapped fo
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06/27/2009
Life goes on for Las Vegas residents. Another month, another set of depressing foreclosure figures in the midst of some glimmers of hope in the housing market. Though foreclosures decreased in the last months, Nevada has the nation's highest foreclosure rate. This rate is up 111% since April,
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06/25/2009
At the same time that Nevada is again leading the pack in foreclosures, existing home sales have increased 68% through April of this year. Prices are down 43%. It's a good time for people to buy affordable housing. Now more than ever before, this a time for Realtors® to educate buyers as to wh
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06/21/2009
