The housing market in Las Vegas is slowly stabilizing. The inventory for resale is remaining steady despite the heavy hit the real estate market has taken. People that have the cash have been heading to Las Vegas to fix and flip homes at a steady pace. Currently, it is...

In response to the direction the economy is going, Congress passed the Dodd-Frank Act of 2011. The purpose of this act is to protect the consumer in the financial market and help educate them to make better financial decisions. The Dodd-Frank Act created the Consumer Financial Protection Bureau (CFPB)...

When someone is looking to buy a home, they really need to know exactly what their monthly debts are in comparison to their income. There are some questions that need to be answered exactly before trying to get a home loan. •    How stable is my job? •    Do...

There has been a lot of talk about foreclosures lately. You’ve been seeing this topic on the news, in newspapers and in the general media. I’m certain you know someone who’s had their house foreclosed in the last five years. Foreclosures have become a lot more common recently. The...

A deed in lieu of foreclosure means that the borrower is giving all rights of the property back to the lender in order to satisfy a loan that is in default and thus attempt to avoid the foreclosure process. The advantages are good for both the borrower and the...

When someone is looking to buy a home, they need to do research in the areas they would like to buy in. There are many factors that can go into a home’s market value price, but there are some commonalities that should be considered. Some of the factors that...

When a home owner cannot make their mortgage payments anymore they have the option of selling their home as a short sale. A short sale in real estate is when a home has more owing on it than what it can be sold for in the current local market....

In reaction to the severely high number of home foreclosures in 2008/2009 a bill was proposed to help home owners. The bill was titled ‘Homeownership Vesting Plan of 2009’ and its aim was to decrease the number of home foreclosures. Vesting is a real estate term relating to how...

When a buyer is interested in purchasing a piece of property, they can write a check for “earnest money”. Earnest money is showing the seller of the property that the buyer has the monetary means to buy the home and the strong desire to do so. The check is...

In today’s sluggish real estate economy, investing in real estate can be profitable if you know what you want after you purchase the property. There are several strategies to consider when you buy a home: •    Fix and Flip: This means you buy a home for a low cost,...