Dave Gill's (davegill) Blog

Unlike, a traditional transaction or any other REO transaction exception to Freddie Mac. Fannie Mae (Federal National Mortgage Association) does not pay their own transfer tax, title insurance, escrow fees or any other fee at close of escrow. That all changed as of Feb. 2010. We always had to fig...

As we all know by now, Las Vegas leads in foreclosures in the nation. We are the epicenter of mortgage meltdown and most undervalued real estate in the nation at 41%. The newest default numbers are no different, it is the same old same old but on a different month. New default properties are at 7...

That is correct. You can get a better return by purchasing home in Las Vegas instead of stashing money in the bank. Here is an example: Purchase Price: $120,000, 3 bedrooms, 2 bath. Down Payment 20% down=$24,000. Loan Amount=$96,000 Interest Rate: 5.375%/Annual Principle and interest=538/mo. Taxe...

Well, buyers always ask many questions about $8,000.00 credit. It is our job to educate ourselves how it can benefit the first time buyer and of course benefit you as a Realtor as well. I think, it is an easy sell if you know how to calculate the benefits of $8,000.00 for the first time home buye...

Home Affordability Foreclosure Alternatives (HAFA). National Association of Realtors addressed the issue of short sale to Obama Administration in early 2009. Their main concern was to have a system in place that  will help the home owners to do a short sale or DIL (deed in lieu of foreclosure) sm...

Well, Feds going to take the training wheels off of the "already slumped economy. That is correct, as we all know the Feds have been buying the mortgages since 2008. As of April, they possibly may stop purchasing the mortgages. That is not a good news for our economy. We are talking about a doubl...

As we all know by now, Las Vegas leads in foreclosures in the nation. We are the epicenter of mortgage meltdown and most undervalued real estate in the nation at 41%. The newest default numbers are no different, it is the same old same old but on a different month. New default properties are at 7...

That is a fact, Las Vegas is officially the most undervalued real estate in the United States. We are undervalued by over 41%. That is more than any other city in the U.S. On the other side of the spectrum, Atlantic City, New Jersey is the most overvalued city in the United States. You can purcha...

It has come to my attention that high rise Condo market is gradually picking up a steam. The declining demand for high rise suppressed the market for high rise significantly. For instance, at MGM Signatures, you can purchasea studio about 500 sqft. for under $150K. That same studio at the height ...

JUST FELL OUT OF ESCROW!!!Gated 3 bedrooms/2 bathrooms. 1st floor, Detached Garage, close to shopping, easy access to the freeway, highways. Bank is extremely motivated to deal. Bank has given us a verbal approval on short sale.