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Las Vegas Sun: Real Estate News

North Las Vegas set to decide on controversial mortgage-seizure plan

From Las Vegas Sun

Months of public meetings, behind-the-scenes lobbying and fierce attack ads will reach a culmination Wednesday night when the North Las Vegas City Council considers whether to move forward with a plan that would use eminent domain to help underwater homeowners refinance their mortgages. ... Quick Read

Flirting with short-sale fraud in Nevada could soon be less risky

From Las Vegas Sun

When your house plunges in value and you can?t afford the mortgage, it can be tempting to short sell to friends or relatives and just rent from them. It?s a temptation some Las Vegans act on, even though it can send them to jail. ... Quick Read

Henderson couple charged with bank fraud in short sale

From Las Vegas Sun

A Henderson couple could face up to 30 years in prison and a $1 million fine if convicted of bank fraud allegations in the short sale of their home. Cynthia Hosbrook, 41, and her husband, Robert Hosbrook, 51, were indicted in U.S. District Court on Wednesday. ... Quick Read

Controversial program that uses eminent domain to bail out underwater homeowners poised for vote in NLV

From Las Vegas Sun

For the past two years, representatives from Mortgage Resolution Partners have traveled to cities around the country to pitch local governments on a plan to help underwater homeowners keep their homes. Their proposal would use private dollars to help these homeowners refinance their mortgages and reduce the principal owed, staving off costly foreclosures that can wreak havoc on neighborhoods. But there?s a catch, and it?s a big one. The process requires cities to use their powers of eminent ... Quick Read

Median price of previously owned homes is up 33 percent from 2012

From Las Vegas Sun

Home prices kept climbing in Las Vegas last month but remained well below the prices of the hyper-inflated boom years. The median price of a previously owned single-family home sold in Southern Nevada in May was $170,000, up 33 percent. ... Quick Read

State-run program helping people stay in their homes through loan modifications

From Las Vegas Sun

When she received a telephone call earlier this year offering to help her refinance her underwater mortgage for $4,500, Lola Orbik was skeptical, but her skepticism led her to Home Again. "What I?m doing these days is housecleaning. These people have given me a house to clean,? she said. ... Quick Read

So long, Shenandoah? Wayne Newton expects to move into newly purchased home by month's end

From Las Vegas Sun

After buying a lavish nearby mansion, Wayne Newton is moving out of the bitterly contested Casa de Shenandoah ? and he?s taking his Arabian horses with him. The famed crooner, who has lived at the iconic Las Vegas estate since the 1960s, plans to leave by month?s end with his wife, Kathleen, and their daughter, Lauren, a person familiar with the matter told the Las Vegas Sun on Tuesday. ... Quick Read

If you rent a Las Vegas apartment, you might get a new landlord soon

From Las Vegas Sun

If you live in a valley apartment complex, odds are you soon could get a new landlord. Investors are snapping up local apartment buildings at the fastest pace seen in years, thanks to low prices, cheap financing and a plethora of potential tenants. ... Quick Read

These five homes sold in May for how much?

From Las Vegas Sun

Las Vegas? housing market is bouncing back with higher prices, rising values and a growing pipeline of construction plans. But not everyone is thrilled with a key reason for the upswing: investors. Cash buyers, backed in some cases by Wall Street investment funds, are snapping up cheap houses left and right to turn into rentals. The demand has squeezed inventory and pushed up prices, as practically every home listed for sale gets multiple offers. ... Quick Read

Las Vegas still leads nation in underwater homeowners, but crisis seems to be subsiding

From Las Vegas Sun

Las Vegas? underwater mortgage woes keep showing signs of improvement ? but also remain worst in the country. Some 54.3 percent of valley homeowners with mortgages were underwater in the quarter ending March 31. ... Quick Read

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Luxury Guide

North Las Vegas set to decide on controversial mortgage-seizure plan

Flirting with short-sale fraud in Nevada could soon be less risky

Henderson couple charged with bank fraud in short sale

Controversial program that uses eminent domain to bail out underwater homeowners poised for vote in NLV

Median price of previously owned homes is up 33 percent from 2012

State-run program helping people stay in their homes through loan modifications

So long, Shenandoah? Wayne Newton expects to move into newly purchased home by month's end

If you rent a Las Vegas apartment, you might get a new landlord soon

These five homes sold in May for how much?

Las Vegas still leads nation in underwater homeowners, but crisis seems to be subsiding

THINGS WE LIKE

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