Las Vegas Real Estate Blog » Foreclosures Las Vegas http://blog.888vgroup.com Las Vegas Real Estate Blog Fri, 16 Jul 2010 23:07:31 +0000 en hourly 1 http://wordpress.org/?v=3.0 What has your lender/servicer/mortgagee done for you lately? Refi, Loan Modification or Short Sale or just foreclosed on your property. http://blog.888vgroup.com/2009/08/15/what-has-your-lenderservicermortgagee-done-for-you-lately-refi-loan-modification-or-short-sale-or-just-foreclosed-on-your-property/ http://blog.888vgroup.com/2009/08/15/what-has-your-lenderservicermortgagee-done-for-you-lately-refi-loan-modification-or-short-sale-or-just-foreclosed-on-your-property/#comments Sat, 15 Aug 2009 19:17:47 +0000 Admin http://blog.888vgroup.com/?p=288 What has your mortgage holder done for you lately?   Is it Wells Fargo,  Indy Mac, Bank of America AKA Countywide, or host of others.  Some of the smaller ones are participating in the myrid of programs put out by Obama but the big ones aren’t participating.

Have you tried to do a refi or a loan modification?   Been denied?

Have you had to fax documents into your mortgagee and they don’t respond or get your faxes.  When you call in to ask they tell you 21 days to get faxes imaged into the system and call back.

Give use some feedback of what you are hearing whether you are doing it yourself a real estate agent or attorney.

Knowledge is Power.

http://www.hopenow.com

]]> http://blog.888vgroup.com/2009/08/15/what-has-your-lenderservicermortgagee-done-for-you-lately-refi-loan-modification-or-short-sale-or-just-foreclosed-on-your-property/feed/ 0 Las Vegas Appreciation Map 2008 Recap http://blog.888vgroup.com/2009/03/08/las-vegas-appreciation-map-2008-recap/ http://blog.888vgroup.com/2009/03/08/las-vegas-appreciation-map-2008-recap/#comments Sun, 08 Mar 2009 23:47:14 +0000 Admin http://blog.888vgroup.com/?p=256 View Larger Version

2008 Las Vegas Appreciation Map by RJ

2008 Las Vegas Appreciation Map by RJ

]]> http://blog.888vgroup.com/2009/03/08/las-vegas-appreciation-map-2008-recap/feed/ 0 LOAN MODIFICATION: Plan aims to help homeowners threatened with foreclosure http://blog.888vgroup.com/2009/03/08/loan-modification-plan-aims-to-help-homeowners-threatened-with-foreclosure/ http://blog.888vgroup.com/2009/03/08/loan-modification-plan-aims-to-help-homeowners-threatened-with-foreclosure/#comments Sun, 08 Mar 2009 23:24:49 +0000 Admin http://blog.888vgroup.com/?p=254 LOAN MODIFICATION: Plan aims to help homeowners threatened with foreclosure
Loan modification plan aims to help homeowners skirt foreclosure By HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL – Read this article online or view highlighted areas on a pdf version I have marked so you review some of the hot topics.

On a day to day basis working with multiple banks via loan servicing companies like countrywide, spf and others help is not coming soon. The bills passing bailing out big businesses is just that leaving you and I the tax payers paying the price. More to come as new programs are being released

]]> http://blog.888vgroup.com/2009/03/08/loan-modification-plan-aims-to-help-homeowners-threatened-with-foreclosure/feed/ 0 Banks Paying More Attention to REO properties http://blog.888vgroup.com/2008/10/27/banks-paying-more-attention-to-reo-properties/ http://blog.888vgroup.com/2008/10/27/banks-paying-more-attention-to-reo-properties/#comments Mon, 27 Oct 2008 18:19:46 +0000 Admin http://blog.888vgroup.com/?p=215 We have noticed that more and more REO properties are being fixed up by the bank.   Over the past 6 months 70% of all sales have been REO properties so those properties were probably in better shape than what is left.   We have been doing REO tours over the past 3 weeks and we have seen a ton of properties in bad shape with DOM stats ranging in the high 7 months plus.

So we have seen crews in condos and single family homes putting low grade carpet and paint which is just enough to get it sold.

A good sign the market is turning and banks have adjusted to the market.  Their adjustment was like making a u-turn in a aircraft carrier which dosent turn on a dime.   Good news all in all.

]]> http://blog.888vgroup.com/2008/10/27/banks-paying-more-attention-to-reo-properties/feed/ 0 Indy Mac Holding Off Selling Foreclosures http://blog.888vgroup.com/2008/05/17/indy-mac-holding-off-selling-foreclosures/ http://blog.888vgroup.com/2008/05/17/indy-mac-holding-off-selling-foreclosures/#comments Sat, 17 May 2008 23:32:26 +0000 Admin http://blog.888vgroup.com/2008/05/17/indy-mac-holding-off-selling-foreclosures/ During an April 26 conference call with analysts, Perry said the company didn’t sell a single dud loan in the first three months of the year because no one wanted to pay what he thinks they’re worth. No way is IndyMac selling to a hedge fund for “pennies on the dollar,” Perry said.In that time, IndyMac’s sour loans and foreclosed real estate ballooned 75 percent to $324 million. “We are not going to fire-sell when we have the intent and ability and expertise to work through those loans and sell them ourselves,” he said.But Indymac and others who deal in Alt-A loans, such as Impac Mortgage Holdings of Irvine and Downey Financial of Newport Beach, may not have time to wait. The same problems shaking up the subprime market are now emerging in the Alt-A industry. via the OC Register

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