Short Sale News

For the fourth month in a row average sale prices for homes in the Las Vegas area stayed the same at right under $120,000. This is approximately 7% lower than what it was in December 2010 and also marks almost a year and a half in which the average price...

It was recently publicized that the state of Nevada will receive almost $2 billion as part of a $25 billion government settlement with banks over their illegal foreclosure procedures. However, that positive and uplifting news hasn’t helped the Las Vegas housing market at all. New home sales in Las Vegas...

Arizona, suffering through one of the worst real estate markets in memory, is considering HB2584, legislation that would give homeowners considering short sales the same legal protection provided to those facing foreclosure. According to Bob Hertzog, owner of Summit Home Consultants (who specializes in helping homeowners through the Phoenix short...

What is a Short Sale? A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property. In addition, the property owner cannot afford or chooses not to repay the liens full amounts. Therefore, the lien...