Free World Realty Investors

Vegas home prices still in free fall

Helen — Fri, 25 Feb 2011 23:33:01 +0000

Homes in Las Vegas, on average, have lost more than half their value since 2006. They now sell for less than they did in 2000. The city had a record-high 14.9 percent unemployment rate in December. It also led the nation in foreclosures last year. Three out of every four sales in southern Nevada are [...]

Future not looking too good for the middle class

Helen — Mon, 27 Dec 2010 23:09:44 +0000

#1 In 2009, total wages, median wages, and average wages all declined in the United States. #2 Since the year 2000, we have lost 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but to

Las Vegas home sales down 22.9% in November: MDA DataQuick

Helen — Mon, 27 Dec 2010 18:11:46 +0000

Home sales in the Las Vegas region continued to fall in November as investors and first-time homebuyers dominated the market. A total of 3,693 new and resale houses and condos sold in the Las Vegas metropolitan area in November, down 6.8% from Octob

Bank of America in Court Again

Helen — Mon, 27 Dec 2010 18:07:03 +0000

The attorneys general of both Nevada and Arizona have recently instituted yet another legal action. Last Friday (17th December 2010), they filed a lawsuit against lending giant Bank of America alleging both "widespread fraud" and "false promises" reg

November 2010 foreclosures drop in Las Vegas – but still high

Helen — Mon, 27 Dec 2010 17:58:34 +0000

By Buck Wargo (contact) Wednesday, Dec. 15, 2010 | 9 p.m. Foreclosure filings in Las Vegas and the rest of Nevada dropped significantly in November but continue to outpace the same month last year by more than 20 percent. California-based RealtyTra

Foreclosure Prevention Resources

Helen — Mon, 27 Dec 2010 17:53:24 +0000

For a great list of resources go to - http://www.nclc.org/issues/counseling-resources.html

Obama Plan – HAFA

admin — Tue, 31 Aug 2010 11:24:36 +0000

$1,500 moving assistance payment and NO deficiency for people who do a short sale after a failed loan modification through HAMP but there are huge downsides - the first being the homeowner has to pay off all the other liens on the property!

Las Vegas Real Estate in Crisis

admin — Tue, 31 Aug 2010 10:47:13 +0000

Nevada led the nation in mortgage delinquency in the second quarter of the year, according to a report released Monday. Increasing unemployment rates and falling home values, such as in this Henderson neighborhood, have put a pinch on Nevadans. Ne

Affordable Home Loan Modification Program – HAMP

admin — Mon, 30 Aug 2010 12:43:50 +0000

If you are struggling to make your mortgage payments you may be able to get your lender to modify the loan under new government guidelines.

Here are the eligibility criteria for loan modification:

Mortgage must have originated

Why Banks Don’t Want to Foreclose

admin — Sun, 29 Aug 2010 13:21:00 +0000

Contrary to popular belief banks don't want to foreclose on a property. They face a number of consequences which can be avoided by accepting a short sale. A foreclosure lowers their FDIC ratings, REOs are a financial burden, loan to deposit ratios