There's no way to look at this picture without smiling.

This is Hiro at 9 days old

More choices are becoming available for homeowners struggling to keep up with housing payments.  The new housing bill is just one of them.  There are quite a few requirements, but don't be discouraged if you don't qualify. 

In the new housing rescue bill, according to the CNN Money article "lenders holding the original mortgage have to agree to rework a given loan before things can get started" which is similar to most other available solutions in that the mortgage holder is making the decisions.  If a homeowner doesn't qualify, and wants to keep the home, there are private companies emerging that offer similar re-negotiation and mortgage restructuring plans.  I'll be meeting with one such company this week and will post more information as it becomes available.  I think the challenge will be sorting out the legitimate companies that can really help from the ones set up to scam already troubled homeowners.

There is also the option of selling the home and negotiating a short sale with the current mortgage holder. 

"How housing rescue bill can help you - The legislation - likely to be enacted soon - devotes $300 billion to helping troubled homeowners avoid foreclosure. See if you qualify."

Find a tenant for your Las Vegas rental property, without the monthly fees of a full service property manager.

Tenant Finder Service 

• Rental Market Analysis 

• List in MLS and Realtor.com 

• Electronic lock box - for agents 

• Mechanical lock box - (if needed for maintenance) 

• 8 Photos 

• Yard or window sign with toll free recorded info line  

• List property on www.VegasProperty4u.com  

o Syndicated* to yahoo real estate, trulia, google base, prop smart, live deal, oodle, 

    hotpads, zillow, front door, vast & more. (*syndication often results in placement on 

    these site however, appearance on syndicated sites is not guaranteed) 

• Post to craigslist 

• Respond to inquiries and schedule showings to qualified prospects 

• Forward applications and certified funds to owner 

• Provide blank application, lease, walk through, smoke detector agreement, tenant lock box 

   authorization 

Fee  

• 1 Months Rent (includes cooperating broker fee) 

Full service property management is also available through Management One Group.  Ask for more details

www.LasVegasNeighborhoodNews.com

The following list for this community was updated on 8/18/08.  Request an updated list by posting a comment below, or

view up-to-date property info with pictures, maps, aerial images, virtual tours and detailed property information for this communit

 Leave a response below if you'd like to comment about this site, this community, or just to say hello to your neighbors.

NEVADA

SUMMERLIN 10750 W. Charleston Blvd, Suite 180 Las Vegas, NV, 89135   GREEN VALLEY 9089 S. Pecos Rd, Suite 3400 Henderson, NV 89074   NORTHWEST 1333 N. Buffalo Dr, Suite 190 Las Vegas, NV 89128 NORTH LAS VEGAS 5135 Camino Al Norte, Suite 250 North Las Vegas, NV 89031 SOUTH STRIP 9620 S. Las Vegas Blvd, Ste E-10 Las Vegas, NV 89123 LAS VEGAS STRIP 3960 Howard Hughes Pkwy, Ste 500 Las Vegas, NV 89109 High-Rise Division

see #'s

Recently, I posted a response disagreeing with another agent who stated: 

"As for where to invest here, specifically, there are 2 areas I believe that will be most profitable: 1) property that generates income, purchased at a time when values are depressed (in almost any area, given how transient our work force is) and 2) property in one of - if not the most - exclusive addresses of our metro area, Lake Las Vegas."

I don't think anyone would disagree with #1, but I did not agree with making such a claim about Lake Las Vegas without mentioning some red flags I've seen lately about the community:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Bankruptcy Judge Linda Riegle said she will sign an order today approving $127 million in post-bankruptcy financing for Lake Las Vegas. 

from the LVRJ on 8/5/08 - http://www.lvrj.com/business/26274484.html 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"At 10 a.m., a single player had the tables to himself at Casino MonteLago. The nine other people in the 40,000-square-foot casino confined themselves to the slots. 

On the XM satellite radio station piped into the casino, Don Henley began to sing: 
Empty lake, 
Empty streets
The sun goes down alone. 
Outside, MonteLago Village was a ghost town of boutiques, coffee shops and high-end eateries." 

from the LVRJ on 8/3/08 - http://www.lvrj.com/news/26219079.html 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Bankrupt Lake Las Vegas is struggling to stay afloat financially, but the development's owners are worried a break in a pipeline underneath the lake could drain it and sink the community's financial future. 

In a statement filed in the development's Chapter 11 bankruptcy case, Lake Las Vegas President Frederick Chin said a 7-foot conduit that carries storm and treated wastewater under the lake is in need of repair. Without the repairs, the development's centerpiece 320-acre artificial lake could drain away, Chin told the court." 

from the LVRJ on 7/30/08 - http://www.lvrj.com/news/26090239.html 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I hope it turns out to be a successful (and profitable) place to buy real estate.  I really like it there, especially in the winter when they have the ice skating rink, so I will say, IMHO: it's a great place to visit but I wouldn't want to live there...or invest there...for now.

I spend a few minutes each day answering real estate related questions online by email or on websites set up for the public to ask questions and receive responses.  I've noticed similar questions tend to come up and sometimes I know I've answered it before, but can't recall where. There have also been times where I put a good deal of effort into preparing an answer and later found the question had been deleted.  Well, I thought, why not post my answers to my own blog? 

btw, Spelling and grammar in the questions have been left "as asked".

The Question:

What percentage of LV RE brokers are college educated?

www.LasVegasNeighborhoodNews.com

The following list for this community was updated on 8/15/08.  Request an updated list by posting a comment below, or

view up-to-date property info with pictures, maps, aerial images, virtual tours and detailed property information for this community

 Leave a response below if you'd like to comment about this site, this community, or just to say hello to your neighbors.

www.LasVegasNeighborhoodNews.com

The following list for this community was updated on 8/15/08.  Request an updated list by posting a comment below, or

view up-to-date property info with pictures, maps, aerial images, virtual tours and detailed property information for this communit

 Leave a response below if you'd like to comment about this site, this community, or just to say hello to your neighbors.

www.LasVegasNeighborhoodNews.com

The following list for this community was updated on 8/15/08.  Request an updated list by posting a comment below, or

view up-to-date property info with pictures, maps, aerial images, virtual tours and detailed property information for this community

 Leave a response below if you'd like to comment about this site, this community, or just to say hello to your neighbors.