Mortgage Forgiveness Debt Relief Act of 2007
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SF Web Blogger
All,
Here is a link to the Mortgage Forgiveness Debt Relief Act of 2007 on the IRS Website if you are considering a foreclosure, bankruptcy or short sale.
It is important to be as informed as possible when considering any of the above actions.
Here is a link to the Mortgage Forgiveness Debt Relief Act of 2007 on the IRS Website if you are considering a foreclosure, bankruptcy or short sale.
It is important to be as informed as possible when considering any of the above actions.
Sullivan Square Breaking News - Office Closed May 2nd
According to In Business, on May 2nd, co-owner Glen, Smith and Glen Development of Sullivan Square has closed their sales office. The other co-owner Hardcourt Developments intend to reopen new offices and start construction on the 16.5 acre project this summer.
Metreon Lofts Moving Quickly
The first phase of Metreon Las Vegas is expected to be completed in June. The project under construction at Flamingo Road and the Las Vegas Beltway will have 110,000 square feet of upscale shops, restaurants and office space built between twin five-story residential towers. Current retailers include Sammy's Woodfired Pizza, FedEx Kinkos and Einsteins Bros. Bagels....
From Metreon Mailing 5-6-08 Matt Brimhall
If you would like to tour Metreon Lofts as a possible Live Work option please give us a call at 702-372-2671
Foreclosure Sales Pickup in Las Vegas
Over the past month, we have seen more foreclosures with multiple offers and going into escrow. We have been focusing our searches for clients on the areas in Summerlin and Peccole Ranch area where foreclosures were sitting on the market now have more than one offer.
Other stats put foreclosures as 57% higher in 2008 than in 2007 in Nationwide. Nevada foreclosures are 4 times higher than the rest of the nation and also ranked #1 in foreclosures in for the 15 consecutive month.
If you are interested in a specific area we can setup a target search for homes hitting the market based on your criteria so you get immediately notified.
Other stats put foreclosures as 57% higher in 2008 than in 2007 in Nationwide. Nevada foreclosures are 4 times higher than the rest of the nation and also ranked #1 in foreclosures in for the 15 consecutive month.
If you are interested in a specific area we can setup a target search for homes hitting the market based on your criteria so you get immediately notified.
Is buying a foreclosure for me?
Sure foreclosures can be priced well under market but that is not without costs you will incur after you close escrow. Make sure you do research on the property so there arent any big ticket issues such as roofing, wiring, plumbing or major pool damage.
We regularlly visit at least 25 or so foreclosures a week to preview them for our clients and close to 100% of the properties need carpet, paint and appliances. Depending on the property size you are looking at 10k to 20k in out of pocket costs.
When you are purchasing a property from a bank in Nevada they are expempt from providing you with a SRPD or Sellers Resale Property Disclosure. This document is important during a sale because the Seller must disclose all property history such as roof leaks, any damage and other important issues. Banks are not required to provide this and you the Buyer are required to sign a waiver of your rights.
We can assist you in finding a property, reviewing your options and purchasing it.
Call us for assistance.
Olivia McClellan, ABR, CRS, GRI, RRG
Corporate Broker REALTOR®
Triple8 Associates Inc
5940 S. Rainbow Blvd. Ste 1007
Las Vegas, NV 89118
Direct 702-372-2671
Fax: 702-543-4845
Olivia@Triple8Associates.com
Visit me online at www.Triple8Associates.com
A quote we live by: "You will miss 100% of all the shots you never take" Wayne Gretzky
We regularlly visit at least 25 or so foreclosures a week to preview them for our clients and close to 100% of the properties need carpet, paint and appliances. Depending on the property size you are looking at 10k to 20k in out of pocket costs.
When you are purchasing a property from a bank in Nevada they are expempt from providing you with a SRPD or Sellers Resale Property Disclosure. This document is important during a sale because the Seller must disclose all property history such as roof leaks, any damage and other important issues. Banks are not required to provide this and you the Buyer are required to sign a waiver of your rights.
We can assist you in finding a property, reviewing your options and purchasing it.
Call us for assistance.
Olivia McClellan, ABR, CRS, GRI, RRG
Corporate Broker REALTOR®
Triple8 Associates Inc
5940 S. Rainbow Blvd. Ste 1007
Las Vegas, NV 89118
Direct 702-372-2671
Fax: 702-543-4845
Olivia@Triple8Associates.com
Visit me online at www.Triple8Associates.com
A quote we live by: "You will miss 100% of all the shots you never take" Wayne Gretzky
Village at Queensridge mixed-use development
As reported in the Review Journal, the $850 million Village at Queensridge mixed-use development at Rampart Boulevard and Alta Drive will bring high end shopping and dining in to Summerlin in 2009.
Executive Home Builders, is building One Queensridge Place luxury condominium towers, will bring the same quality expectations to the village, which is scheduled to open in spring 2009..
The Village at Queensridge will have 700,000 square feet of retail space, including 120,000 square feet of restaurants, and 3,500 underground parking spaces. Grand Lux Café, Zefferino's and Mastro's Steakhouse are among the restaurants that have already signed leases.
Village Road Show of Australia is building a 36,000-square-foot, eight-screen theater with reclining Lear jet-style seats. A residential component is planned for 340 condos on top of retail, similar to The District at Green Valley Ranch Resort.
Olivia McClellan, ABR, CRS, GRI, RRG
Corporate Broker REALTOR®
Triple8 Associates Inc
5940 S. Rainbow Blvd. Ste 1007
Las Vegas, NV 89118
Direct 702-372-2671
Fax: 702-543-4845
Olivia@Triple8Associates.com
Visit me online at www.Triple8Associates.com
A quote we live by: "You will miss 100% of all the shots you never take" Wayne Gretzky
Executive Home Builders, is building One Queensridge Place luxury condominium towers, will bring the same quality expectations to the village, which is scheduled to open in spring 2009..
The Village at Queensridge will have 700,000 square feet of retail space, including 120,000 square feet of restaurants, and 3,500 underground parking spaces. Grand Lux Café, Zefferino's and Mastro's Steakhouse are among the restaurants that have already signed leases.
Village Road Show of Australia is building a 36,000-square-foot, eight-screen theater with reclining Lear jet-style seats. A residential component is planned for 340 condos on top of retail, similar to The District at Green Valley Ranch Resort.
Olivia McClellan, ABR, CRS, GRI, RRG
Corporate Broker REALTOR®
Triple8 Associates Inc
5940 S. Rainbow Blvd. Ste 1007
Las Vegas, NV 89118
Direct 702-372-2671
Fax: 702-543-4845
Olivia@Triple8Associates.com
Visit me online at www.Triple8Associates.com
A quote we live by: "You will miss 100% of all the shots you never take" Wayne Gretzky
Tax Relief for Short Sales
The mortgage forgiveness debt relief act of 2007 aims to assist debt relief for taxpayers from income debt on their principal residence up to 2 million dollars to help homeowners who are facing forclosure or short sale. For more info go to http://www.irs.gov/
Town Square Las Vegas Newest Mall - Shopping
Town Square is one of news mall experience to hit Las Vegas in a while. There are a few more malls planned around the valley but this project was turned out by Turnberry Associates in the same manner as their other LV projects. Fast.
Town Square is located just south of Mandalay Bay and offers easy parking to access this well designed shopping venue. Some of the merchants include:
Abercrombie & Fitch - 702.270.2889
Aéropostale - 702.914.9311
American Eagle Outfitters - 702.260.0486
Ann Taylor - 702.270.0692
Banana Republic - 702.260.0551
Bath & Body Works - 702.263.3559
bebe - 702.260.6274
Borders - 702.383.6734
Claim Jumper - 702.270.2509
EQ3 Furniture & Accents - 702.436.9994
Fry’s Electronics - 702.932.1400
GAP - 702.361.2447
Lucky Brand Jeans - 702.614.5260
Oakley - 702.614.1288
Rave Motion Pictures - 702.362.7283
Robb & Stucky BLDG B 702.531.0531
Tommy Bahama’s Emporium - 702.948.6828
Tommy Bahama’s Tropical Café BLDG K 702-948-8006
White Housev - 702.269.3043
Whole Foods Market -
Yard House - 702.734.9273
There are more stores than this short list and more being added soon.
Contact me for all of your real estate needs.
Olivia McClellan, ABR, CRS, GRI, RRG
Broker/Owner REALTOR®
Triple8 Associates Inc
5940 S. Rainbow Blvd. Ste 1007
Las Vegas, NV 89118
Direct 702-372-2671
Fax: 702-543-4845
Olivia@OliviaSellsVegas.com
Visit me online at www.OliviaSellsVegas.com
Foreclosure Website Showcasing Listings
We all have heard there are a ton of foreclosures in Las Vegas spuring a host of foreclosure services from bus tours to specialzed agents. It is truly like panning for gold when searching for a foreclosure.
Sure the home home is going for $100k or more less than other listed properties in the same area BUT you have to consider cash out of pocket to get the property either rent ready or livable.
We have seen some pools that could double for Loch Ness meaning there is some serious work needed to be functional. Some of the foreclosures are picked clean. The former owners or tenants have removed all of the appliances, fixtures, celing fans, lighting and in some cases the carpet and pad.
Be aware and don't settle for something because its cheap.
One of the biggest problems is there are no photos online to compare apples to apples. This is why we have started TourLVForeclosures.com , a Website dedicated to giving you photos and video of foreclosures in Las Vegas. We are starting with Summerlin specifically and moving from hotspot to hotspot in Vegas. Check it out today!
Sure the home home is going for $100k or more less than other listed properties in the same area BUT you have to consider cash out of pocket to get the property either rent ready or livable.
We have seen some pools that could double for Loch Ness meaning there is some serious work needed to be functional. Some of the foreclosures are picked clean. The former owners or tenants have removed all of the appliances, fixtures, celing fans, lighting and in some cases the carpet and pad.
Be aware and don't settle for something because its cheap.
One of the biggest problems is there are no photos online to compare apples to apples. This is why we have started TourLVForeclosures.com , a Website dedicated to giving you photos and video of foreclosures in Las Vegas. We are starting with Summerlin specifically and moving from hotspot to hotspot in Vegas. Check it out today!
Nationwide Lender Blacklists Condo Projects
In Business March 5
Lenders such as BankUnited have elected not to lend to some areas because of declining prices and foreclosures. The South Florida Business Journal reported that Bank United drew up a non-permissible condominium-project list of 191 condo developments in Las Vegas and Florida that it wouldn't finance.
The list included such Las Vegas projects as Allure, the District, Manhattan, Newport Lofts, Panorama, Park Avenue, One Queensridge Place, Meridian at Hughes Center, Sky Las Vegas, Soho Lofts, Turnberry Place and Turnberry Towers.
Local brokers, however, said they haven't used the lender for high-rise loans and cited other options.
Lenders such as BankUnited have elected not to lend to some areas because of declining prices and foreclosures. The South Florida Business Journal reported that Bank United drew up a non-permissible condominium-project list of 191 condo developments in Las Vegas and Florida that it wouldn't finance.
The list included such Las Vegas projects as Allure, the District, Manhattan, Newport Lofts, Panorama, Park Avenue, One Queensridge Place, Meridian at Hughes Center, Sky Las Vegas, Soho Lofts, Turnberry Place and Turnberry Towers.
Local brokers, however, said they haven't used the lender for high-rise loans and cited other options.
Labels:
lenders mortgage on high rises
We need Inventory - Condos, Townhouses and Homes
If you have a condo, townhouse or home that is vacant and you need a tenant call us.
We have tenants looking for rental properties all around the Las Vegas Valley. We are a full service property management company who will find a tenant, lease your property and manage it monthly by collecting rent along with a host of other services.
Give us a call or check out www.PropertyManagerLV.com for list of services and pricing.
Triple8 Associates
We have tenants looking for rental properties all around the Las Vegas Valley. We are a full service property management company who will find a tenant, lease your property and manage it monthly by collecting rent along with a host of other services.
Give us a call or check out www.PropertyManagerLV.com for list of services and pricing.
Triple8 Associates
Labels:
las vegas property management
Pinnacle High Rise Project Dead
Pinnacle Las Vegas, a high-rise condo project planned for the former site of Falconi Honda on Tropicana Avenue, has been canceled as reported in the real estate section of the Las Vegas Review Journal.
Las Vegas Vacancy Rate Goes Up
RISING VACANCY: Apartment vacancy in Las Vegas rose to 9 percent in January, up from 8.4 percent in December, CB Richard Ellis, a commercial real estate brokerage, reported. The breakdown by class shows 7.76 percent for Class A (28,082 units), 9.38 percent for Class B (42,000 units) and 9.67 percent for Class C (26,148 units) as posted in the Review Journal
Vantage Lofts Construction Halted
The RJ reported that Construction has stopped on Vantage Lofts in Henderson and the sales center is closed while Slade Development works out a new financing plan. Vantange expects financing will be in place within the next couple of weeks and then he'll proceed with construction. More as it breaks.
Labels:
vantage lofts las vegas
Buyers Market Brings Opportunities
There are many opportunities in Las Vegas based on the foreclosures and prices that have been driven down based on over-all market.
There are homes in Summerlin that a few years ago were selling for 500k that are now availabe in the low 300's. Summerlin is one of the most desirable areas in Las Vegas based on location, location, location. The amenities in and around Summerlin make it what it is.
For details on foreclosures or real estate in Las Vegas give us a call or email us. We can setup a watch list based on your requrirements. When a property is put on the market that meets your specifications, you will recieve an email notifying you.
This will allow you to react and schedule to view the property. To setup an automated search stop by www.Triple8Associates.com
Olivia
There are homes in Summerlin that a few years ago were selling for 500k that are now availabe in the low 300's. Summerlin is one of the most desirable areas in Las Vegas based on location, location, location. The amenities in and around Summerlin make it what it is.
For details on foreclosures or real estate in Las Vegas give us a call or email us. We can setup a watch list based on your requrirements. When a property is put on the market that meets your specifications, you will recieve an email notifying you.
This will allow you to react and schedule to view the property. To setup an automated search stop by www.Triple8Associates.com
Olivia
Las Vegas Real Estate Stats Released
The Review Journal posted the 4th quarter real estate appreciation stats of 2007. They weren't pretty with 56 of the 61 zip codes in negative digits. The few zip codes that were positive may be a bit squewed due to the high rise luxury condos mixed in. For a full list and to review the map check out my investor hotlink section on www.oliviasellsvegas.com
Pinnacle Project Sued
Pinnacle Development was recently hit with a class action lawsuit by frustrated buyers. Pinnacle has not broken ground after changing contractors three times in three years. See more in our investor section for the full Review Journal article.
New Buyers Incentives Hitting the Market
The new year brings new deals and Buyers are starting to jump off the fence and take advantage of foreclosures and new home incentives.
One of the main strengths of Triple8 is our relationships with builders and developers so we get a priority position on all special deals.
Please do not hesistate to take advantage of utilizing our experience in the local market. Remember as a Buyer there are no fees to you.
Triple8 Associates Inc
702-372-2671
One of the main strengths of Triple8 is our relationships with builders and developers so we get a priority position on all special deals.
Please do not hesistate to take advantage of utilizing our experience in the local market. Remember as a Buyer there are no fees to you.
Triple8 Associates Inc
702-372-2671
Happy New Year from Triple8 Associates
Happy New Year from all of us at Triple8 Associates in Las Vegas.
May your 2008 bring you health and successful investments.
Triple8 Associates Inc.
May your 2008 bring you health and successful investments.
Triple8 Associates Inc.
Spa Lofts Cancelled or Suspended
Business Press announced that Spa Lofts a development by The Light Group has been cancelled or suspended.
The planned mid-rise is the latest development to be cancelled due to slowing market conditions.
The planned mid-rise is the latest development to be cancelled due to slowing market conditions.
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