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Las Vegas Foreclosures

Foreclosures get all the buzz nationally, but especially in Las Vegas.  There are times it is difficult find a great deal on real estate, that's why the foreclosure market is a great place to look.  The greatest difficulty with foreclosure is understanding how to do it. There is plenty of opportunity as many Las Vegas homeowners are in foreclosure, but a lack of knowledge of the foreclosure process makes it next to impossible to get a transaction completed successfully.  Provided here are some resources that will be helpful for both buyer and seller of Las Vegas forclosures.

Las Vegas Foreclosure Terms
The Las Vegas Foreclosure Process
Buying a Las Vegas Foreclosure
Las Vegas Foreclosure: What are My Options?
Las Vegas Foreclosure: What to do NOW!

When dealing with foreclosure, it is imperative that you work with someone who knows the business. Not only will it save you time, it will most assuredly save you money and legal trouble.  Familiarizing yourself with the terms and the process will help you decide if you are up to the challenge. It is important to work with an agent who is seasoned in the foreclosure process. You will be hard-pressed to find another Las Vegas Realtor who understands foreclosure proceedings better than a Welcome Home Nevada agent.

Las Vegas Real Estate Foreclosure

LAS VEGAS FORECLOSURE MLS QUICK SEARCH
SEARCH ALL LAS VEGAS FORECLOSURE
HOMES FOR SALE BY PRICE RANGE!
$75,000 - $100,000 $250,000 - $300,000
$100,000 - $125,000 $300,000 - $350,000
$125,000 - $150,000 $350,000 - $400,000
$150,000 - $200,000 $400,000 - $450,000
$200,000 - $250,000 $450,000 - $500,000
HOMES OVER $500,000

Simply click on the arrows to the left and right, or use your mouse wheel, to scroll through these listings

LAS VEGAS FORECLOSURE HOMES
Please click the pictures below to see full details on these properties.
Las Vegas    Foreclosure Home
Las Vegas Foreclosure Home
$169,900
MLS#1410458
Las Vegas    Foreclosure Home
Las Vegas Foreclosure Home
$392,200
MLS#1425463
Las Vegas    Foreclosure Home
Las Vegas Foreclosure Home
$329,000
MLS#1463652
Las Vegas    Foreclosure Home
Las Vegas Foreclosure Home
$112,500
MLS#1466098
Las Vegas    Foreclosure Home
Las Vegas Foreclosure Home
$132,500
MLS#1476382
Las Vegas    Foreclosure Home
Las Vegas Foreclosure Home
$208,500
MLS#1480708

In addition to the resouces provided above make homeowners need to be aware of common misconceptions about Las Vegas foreclosure. Simply put, here is what foreclosure is not:

Foreclosure is not "the bank wanting to take back the property."

Banks deal in paper, not bricks and mortar. Many do not even have a "Real Estate Owned" (REO) Department. They do not want the property, all they want is the money owed them. Banks do not own Las Vegas residential real estate unless it serves to protect their interest.

Foreclosure is not "bank owned property."

If a bank owns the property, the foreclosure is already complete and you have probably missed your opportunity. Bank owned property is merely the fallout of foreclosure proceedings not working the way the bank had hoped. Remember, all the bank wants is their money. If an investor can get the deal before the auction, everyone is happy. The bank gets its money and you get the property.

Foreclosure is not "a judicial proceeding."      

Foreclosure in Las Vegas, Nevada is known as a "non-judicial proceeding". The only time the case will go before a judge is when the homeowner is in bankruptcy or if the homeowner contests the proceeding, usually once the foreclosure proceeding is complete.  Next to that everything is done outside of court.

Las Vegas Foreclosure Listings

Take a look at the foreclosure homes for sale in any of these Las Vegas communities.  Remember since the the city is organized by Master Planned Communities it is best to determine which master plan is of greatest interest and start there.  The listed below are only a few of the great locations the Las Vegas Valley has to offer.  Don't just look for any foreclosure.  Look for listings that are priced well and in a desireable location.   

Green Valley Ranch Foreclosures

Anthem Foreclosures

Seven Hills Foreclosures

MacDonald Ranch Foreclosures

Southern Highlands Foreclosures

Mountains Edge Foreclosures

Rhodes Ranch Foreclosures

Summerlin Foreclosures

Desert Shores Foreclosures

The Lakes Foreclosures

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.
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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
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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
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