Homeowner’s Guide To Nevada Short SalesTable of Contents Contact Information Options for Distressed Homeowners List of Non-Profit Agencies HAMP & HAFA Information Short Sale Flowchart Hardship Letter Samples Steps of Submitting a Short Sale Life of a Short Sale Escrow Short Sale Prequalification & disclaimers What is Escrow & Title Inspections Home Warranties Moving Expenses Helpful Reminders TerminologySellers Contacts*To Receive the Contents of this book - please send an email with your:Property address, full name, phone and e-mail (use this form)Loan Amounts if you know them and who they are with (ex. Bank of America, Wachovia etc.) - Do Not Send Account numbers in your e-mail.No Obligation, No Hassle, Free Consultation IF you desire.OUR LINKS My Agent P... 08/23/2010

$110,000 - 1709 Running Creek, North Las Vegas Short Sale Specialists present, 3 BR plus Loft, 1559 s/f, Short Sale in NV Bedrooms: 3Bathrooms: 2Parking Spaces: 3Year Built: 1994Subdivision: EldoradoLot Size: .15Garage Size: 3School District: MojaveSquare Footage: 1559Agent Name: The Ballen GroupBroker: Coldwell Banker Wardley Real EstateMLS #: 1070531Price: $110,000Flexibility: Subject to Short Sale Approval1709 Running Creek DriveNorth Las Vegas, NV 89031View MapDetails forNorth Las Vegas Short Sale Specialists present, 3 BR plus Loft, 1559 sAddress:Running Creek crive, North Las Vegas, NV 89031Phone:702-604-7739Bedrooms:3Bathrooms:2Size (sq ft):1559Year Built:1994Description702-604-7739 - The Ballen Group - Las Vegas Short SaleThis beautiful single story home is waiting just for you.... 08/21/2010

702-604-7739 - http://www.LoriWekerle.com- Coldwell Banker Wardley Real EstateSun City Aliante Real Estate and Active Adult Living - Age ResctrictedLocated in Aliante, a North Las Vegas master-planned community, Sun City Aliante is almost directly North of the world-famous Las Vegas Strip.  Amenities include a clubhouse with conference rooms, an indoor swimming pool, game & hobby areas, billiard tables, fitness center, computer lab, tennis and bocce courts, horseshoe courts and walking trails with scenic views of Aliante Golf Course interweaving the community.  Clubhouse activities include Aerobics, Aqua Aerobics,  Line Dancing,Pilates, Power Hour,  Yoga and Zumba.Chartered Clubs and Special Interest Groups include Art Workshop, Afternoon games , AQliante Steppers,Beading & Jewelry Maki... 08/21/2010

The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has INCREASED by +913 units.  Under Contract has DECREASED by -635 units.    Sold units have DECREASED by -268 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 8/15/2010:6144 Pending 8/15/2010: 9825 Closed July 2010: 1148 Short Sales Currently Account for: 44% of All Las Vegas Valley Listings 32% of All Las Vegas Valley Sales  Read here for last month's report on Las Vegas Area Short Sales. Most Current Market Report For Short Sales What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-605 (the average consumer prob... 08/20/2010

NEED TO SELL YOUR ALIANTE REAL ESTATE? - Nevada Master Plan Communities SpecialistsNeed to sell your Aliante Real Estate? Let The Ballen Group of Coldwell Banker Wardley Real Estate provide you with the best marketing and customer service in the Valley! Facing Las Vegas Foreclosure? Need to sell – but owe more than your property is worth? We can help! Coldwell Banker Wardley has top ALIANTE Short Sale Agents! With one of the highest success rates in closing Nevada Short Sales, the Coldwell Banker Wardley Brokerage is on your side.Call 702-482-7739 to sell your property today. Ask about our OTHER Master Plan Communities: Summerlin, Mountains Edge, Southern Highlands, Sun City Summerlin, Sun City Anthem, Sun City Aliante, Sun City Mesquite, Desert Shores, The Lakes, Lake Las Vegas, Anthem... 08/19/2010

North Las Vegas Homes For Sale: Listings by Price Range Here's a summary of the single-family homes for sale in North Las Vegas. Short sales are responsible for 55.2% of the inventory, while bank owned properties (REOs) equal 20.5%. To find out more about buying or selling homes in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 08/17/2010

Las Vegas Area REO Inventory has RISEN since last report (+262 units), Under Contracts have RISEN (+85) units  Closing data has FALLEN (-35) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.   REO sales accounted for 44% of all Las Vegas Area Valley resale closings in July 2010.  REO listings account for only 20% of total resale listings. Multiple offers are streaming in as banks continue to lower to fire and auction sale prices. Current Listed Bank Owned Statistics: Listings (8/15/2010):  2738 Under Contract (8/15/2010): 2675 Sold July 2010:  1590 View Last Month's Report Here   For Most Current Las Vegas REO Inventory Market Report. What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Es... 08/16/2010

Below are the listings in Sun City Aliante. To view more details of a specific Sun City Aliante listing click on 'click here for details'. Find MORE Sun City Aliante Real Estate in Nevada or SEARCH THE MLS now.Search compliments of...Lori Ballen Wekerle and Agents of Coldwell Banker Wardley Real Estate - Buy or SELL YOUR PROPERTY HERE call now at 702-604-7739showing 1 - 10 of 12 (show images)Previous 10  | 1 | 2 |  Next 2Save SearchModify Searchpriceareabedsbathssq. feetdetails$150,000.00North Las Vegas22.01570details...Agency/Agent InformationShown By: Coldwell Banker Wardley Real EstateAgent Name: Lori Ballen Wekerle and AgentsAgent Phone: 702-482-7739http://www.LoriWekerle.com 08/15/2010

Located just 20 minutes from the famous Las Vegas Strip, Aliante (North Las Vegas) is a master planned community in located at the base of the Sheep Mountain Range. The Sheep Mountain Range, which is the highest of the six mountain ranges of the Desert National Wildlife Range, offers absolutely stunning views (especially when the tops are snow capped and the sun is shining on them). Click here to view all homes for sale in Aliante. Approximately 428 acres were set aside for the outdoor recreational enjoyment (see below for the amenities). There are two distinguished neighborhoods that surround the Aliante Golf Club: The Club at Aliante: Guard-gated neighborhood consisting of single and two-story homes. Sun City Aliante: Del Webb Active Adult Community of single-story Aliante homes. Deve... 08/14/2010

North Las Vegas Home Sales: Average and Median Prices Homes in North Las Vegas saw average selling prices fall 0.62% in June. The median selling price fell 0.95%. For the first half of 2010, the average selling price for North Las Vegas homes is up 2.70%, while the median selling price has risen 1.56%. The total number of North Las Vegas homes sold is down 6.91% year over year, with 3,951 sales in 2009 and 3,678 in 2010.   To find out more about buying or selling real estate in North Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com. (GLVAR deems information reliable but not guaranteed. Data is for MLS areas 101-103.) 08/11/2010

Just a bit of a rant about things that can happen when you work with short sales..... Now, I have heard this from other agents that this is happening, but had never had it happen to one of my listings,,,,,until now. You won't get a notice from the bank, the foreclosure dept, property preservation company, nothing. Which is interesting because this is one of the banks that typically has great communitcation. Tthere is not foreclosure sale date on the property, and you can have it in an active short sale offer mode and it can still happen.  Yes, it is in foreclosure process, but still no sale date. The property is vacant and has been since I took the listing and the bank was well aware of it too. I guess this is an indication that maybe they aren't that willing to do a short sale afterall... 08/11/2010

North Las Vegas Real Estate Market Report - REOs, Short Sales and Regular Sales In last week's look at the North Las Vegas real estate market, I highlighted sales price, volume, and financing trends. Today I'll break down the different listing types of that market -- REOs (bank owned homes), short sales, and regular sales. Overall we have about 2.8 months of North Las Vegas real estate inventory. When we look at each of the listing types, we see that there are three distinct markets. Here are the current figures for North Las Vegas REOs, North Las Vegas short sales, and 'regular' North Las Vegas home sales. Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/June Sales = Absorption Rate). There are only six weeks ... 08/05/2010

Tip:  I had finisihed submitting a short sale package to B of A two weeks ago and I haven't heard or gotten any email, so I went back to check on the Equator to see if they have already assigned a negotiator and I found out that they did.  At 10:00 am yesterday, I sent the assigned negotiator an email saying, "Hi, _______!  This is Glena with Century 21 Aadvantage Gold.  I am the agent representing the short sale of ___________________, Loan # _____ and I just want to say Hi."  At exactly 12:00 noon I got one email from her asking me to send her a copy of the hardship letter...the 2nd email came in at 12:02 pm asking me for a copy of the Bankruptcy documents and the 3rd email came in at 12:04 pm and it was to let me know that she has uploaded a counter offer.  She has countered for an a... 08/05/2010

Just 15 miles north of the glitz and glamour of the Las Vegas Strip is Del Webb’s Sun City Aliante. This 55+ community is part of the larger master-planned Aliante community located in North Las Vegas, Nevada. Situated near the foothills of the Sheep Mountain Range, Sun City Aliante boasts picturesque mountain views, reasonably priced homes and the famous Del Webb lifestyle. The master-planned Aliante community features 100 acres of conveniences including restaurants, retail stores, grocery stores and more. There is even a brand new casino and hotel within walking distance! Residents of this popular Vegas active adult community enjoy easy access to fabulous entertainment, world-renowned dining and unique outdoor recreational opportunities. Thanks to an ideal location just minutes from m... 08/05/2010

Economic Conditions for the Las Vegas Valley June 2010 Housing Conditions:   Foreclosure/Short Sale Listings (7/15/2010): Total Listings 11716; Short Sales: 5231, 45% of all listings; Bank Owned Listings: 2476, 21% of all listings. Short sale and REO listings consume 63% of total listings New Home Sales (June 2010, units sold): 893 Year Change +99.3% (excl condo conversions, highrises) New Home Sales (June 2010, median price): $183,213 Year Change -10.6% (excl condo conversions, highrises) Existing Home Sales (June 2010, units sold): 4126 Year Change -5.0% Existing Home Sales (June 2010, median price): $126,000 Year Change: +0.8% New Home Permits (June 2010): 402 Year Change +9.2% Rental Rate (MLS Monthly Average June 2010): $1410/month  My analysis:  Distressed listings (foreclosures a... 08/03/2010

This week's feature is on a community in North Las Vegas called Eldorado. It is located in the 89031 and 89084 zip codes. It is North Las Vegas's first Master Planned Community that started building homes roughly starting in 1989 and is still currently building homes. The whole community is roughly over 1000 acres in size. There is still currently about 110 acres of land that hasn't been developed yet, along with 2 communities that the builder is still selling brand new in the Eldorado Highlands section. View Eldorado Community North Las Vegas in a larger map Eldorado features 2 large community parks, Seastrand and Eldorado parks, with Eldorado park sharing space with Lee Antonello elementary school. On the southern edge of Eldorado is 2 shopping plazas where you will find your nearest ... 08/03/2010

This week's feature is on a community in North Las Vegas called Madera. It is located in the 89031 zip code and is close to Sandstone Ridge Park and numerous shopping centers. View Madera Community in North Las Vegas in a larger map House's in this subdivision range from about 1200 square feet all the way up to over 2800 square feet. There are 259 homes in this subdivision. This is a picture taken from Sandstone Ridge Park looking into one of the entrances into Madera. Currently there are 8 homes listed for sale and 5 homes are under contract to close very soon. Current sales prices range from a low of $85,000 to a high of $289,900 at the moment. In July there was 3 closings in the neighborhood. That brings houses closed in the community to 16 for the first 7 months of the year so far. 08/03/2010

Our sales are mostly distressed which means pre-foreclosures (short sales) and REO account for almost 74% of our closed sales business.  Even most of those "standard sales" that you see are really disguised as flips that were purchased from trustee sales by private investors. In order of the most pricey Las Vegas real estate type from highest to lowest: New Construction -the highest priced sale type!  New Construction is currently giving decent incentives such as closing costs (which is always built into the price).  The beautiful thing about New Construction vs other sale types is that you don't have to worry about an "as-is" transaction and most of the time you also get a home warranty.  No such thing as "deferred maintenance" HOWEVER a home inspection is still recommended protocal a... 08/02/2010

North Las Vegas Real Estate Trends For June 2010, there were 768 home sales in North Las Vegas with a median price of $125,658. Of those, 704 were single-family homes with a median price of $130,000. Here's a quick look at price, volume and financing trends in the North Las Vegas real estate market. In 2009 there were a total of 9,207 homes sold in North Las Vegas. This area is north of Charleston Boulevard, east of Rancho Road, and west of the I-15 freeway, and includes most of the city of North Las Vegas. The median sale was a 3-bedroom, 1839 square foot home with a selling price of $129,900. The median selling price for a single-family home fell by 19.4% during the year, from $155,000 to $125,000. To find out more about buying or selling real estate in North Las Vegas, just give me a... 07/31/2010

Age Restricted (55+) Communities are scattered throughout the valley.  Many offer a variety community amenities for Seniors who enjoy active lifestyles. Sun City Aliante is located in the Aliante Area of North Las Vegas, NV (zip 89084).  There are 1829 homes in Sun City Aliante ranging from 1157-2104 Square Feet.  Community Amenities Include:  Community Golf, Clubhouse, Gym, Pool, Spa, Tennis, Recroom. Sun City Aliante Market Report: Listings (7/15/2010):  33 Under Contract (7/15/2010):  40 Sold June 2010:  11 Sun City Aliante is currently enjoying a stable to buyer's market. Since Last Month's Report:  Aliante Sun City, North Las Vegas Listings UP +5, Contracted Homes UP +1, Sales UP +3 Renee Burrows carries the SRES (Senior Real Estate Specialist) Designation and has Probate and Esta... 07/26/2010