logo
logo
 
facebook   twitter   linkedin  

Forgot your password?


Don't have account? Click here to signup.


Call Direct: 702-991-2000


Las Vegas Foreclosures Help

What do I do Now!

If you are facing the possibility of foreclosure or are already in the middle of the foreclosure process on your Las Vegas Home, here are a few things you must do, and now!

Get It Together

Get all your paperwork together, including bank statements, account numbers and any correspondence from the Beneficiary or Trustee. I can’t tell you how many times I have sat down with a homeowner who could not even locate a bank statement. Having everything together will make it easier to put together an action plan for the homeowner.

Know Your Options   

Understand your options and make a decision as to what course of action you will take. (What are my options?) Homeowners can make bad decisions under stress. It is important to understand your options and, with a clear mind, make a decision you can live with for the rest of your life.

Seek Wise Council

If are considering selling your Las Vegas home, it would be wise to use a Realtor® who is knowledgeable of the foreclosure process. Read though the foreclosure related articles on the Welcome Home Nevada website to educate yourself on the terms and process. How do you make sure a potential Realtor® understands foreclosure in Clark County? Here are a few questions the Realtor® should be able to answer without hesitation:

  • Can you define the necessary terms and processes related to foreclosure?
  • Do you know how long the foreclosure process takes?
  • Do you know where I am at on the foreclosure timeline?
  • Can you tell me what options I have?
  • If the auction date is nearing, how will you postpone the Trustee Sale?
  • How many foreclosure transactions have you completed?
  • How many foreclosure transactions have you been unable to complete?

You will find that 99% of Las Vegas Realtors® have a very small understanding of foreclosure in Clark County Nevada. Most of them like the idea of doing foreclosure, but don’t realize how hard it really is. In my opinion, next to commercial real estate, it is the most difficult real estate work a Realtor® can do. It’s not an easy living.

You will be hard pressed to find a Las Vegas Realtor® more knowledgeable about foreclosure than those at Welcome Home Nevada.

Return to Las Vegas Foreclosure Home Page.



Las Vegas Communities
 
Call Direct: 702-991-2000
 
Las Vegas
Real Estate Blog
December 7, 2011, 11:44 am
December is for the Holidays.
The WHN Blog Team is taking the month of December off for the holidays. Were still as busy as the elves in the the office but its time to clear our heads of all this content and ready up for the upcoming new year. Happy Holidays to all of you See you in 2012.
Read More
November 18, 2011, 11:32 am
About Assembly Bill 284 (AB 284 NV)
Real estate agents in Las Vegas are in tuned to the recently passed AB 284 that went into effect October 1 2011 but those outside of the Las Vegas real estate market arent too up to date. To sum it all up AB 284 will delay the foreclosure process. How? By increasing the requirements necessary for lenders to foreclose. In light of all the robosigning and the increased investigations of 14 major lenders for foreclosure fraud this Bill is meant to be one of the solutions to this ridiculous problem. While this most likely will expose fraud and give homeowners the ability now to obtain information on who is holding their mortgage increasing paperwork and having it recorded through the county clerk is simply going to create a huge back up in the system. With various budget cuts its unlikely that the clerks office is going on a hiring frenzy to keep up with all the work. The number of foreclosure filings for Clark County have already significantly dropped in the past month since the bill went into effect literally from once were thousands of filings a month now down to hundreds. Again this will reduce fraud and expose fraud allowing those involved to be prosecuted andor fined accordingly which overall is in the best interest of all homeowners however the back up in the system is going to be disastrous. The market is already slow its only going to slow down further. Tweet
Read More
November 4, 2011, 10:40 am
Las Vegas Foreclosures and Robo-Signing
In most recent news it has been announced that an independent group of consultants along with federal bank regulators will be looking into homes that were foreclosed upon by 14 major lenders between January 1 2009 and December 31 2010. Anyone keeping up with the real estate market knows that Las Vegas foreclosures were numerous during that specific timeframe. After various complaints and suspicions further investigations decided to be conducted to uncover any foul play by the lenders and their employees. Many of these corporations are being accused of robosigning the illegal processing and obtaining of signatures on foreclosure documents quickly without going through the proper procedures. If after thorough review of these foreclosures the lender is found to have repossessed a home without going through the proper channels former homeowners may be entitled to compensation. Homeowners who lost their homes between the dates of January 1 2009 and December 31 2010 with 1 of the 14 listed lenders being investigated who believe that their primary residence was unfairly foreclosed upon can call 18889529105 and request a form to fill out and return no later than April 30 2012. If the complain meets the requirements more action will be taken to determine compensation. For additional information such as the list of lenders and call center hours head to independentforeclosurereview.com. Tweet
Read More
footerbg

www.welcomehomenevada.com © 2006-2010 WHN Realty LLC
1210 Wigwam Pkwy Henderson, NV 89074
Call Direct:702-991-2000