Las Vegas Dawn Barrier Las Vegas Short Sale Real Estate Consult

Avoid Foreclosure in North Las Vegas

List your home with an experienced Las Vegas short sale Realtor.

I am a licensed Realtor® that specializes in avoiding foreclosure.

I will assist you in selling your home.

Regardless of your current situation I am here to assist you, so call me today to help you find a solution! You have options which can enable you avoid foreclosure proceedings . Best of all with a short sale my commission is paid by the bank!

www.LASVEGASDAWN.com for more info or give me a call at (702) 812-4550

SHORT SALE YOUR HOME NO UPFRONT FEE

Certified Short Sale Professional

Dawn Barrier
Century 21 Aadvantage Gold
2 offices to serve your needs
Las Vegas, Nv
(702) 812-4550

North Las Vegas - FREE SHORT SALE Services - Las Vegas Short Sale Realtor®

Direct from....RISMEDIA, November 13, 2009-London heads the top ten list of "Best House Swap Destinations" according to prominent home exchange blogger Nicole Frank, an Advice Columnist for RoofSwap.com, a recently launched website that already has over 14,000 listings. The results were ranked according to several criteria: places where there are large numbers of eager swappers; places where lodging costs are prohibitive; and interesting, esthetically pleasing places to visit.

Read more:

The remaining top ten list includes:

2. Manhattan

3. Paris

4. Sydney

5. San Francisco

6. Montreal

7. Tuscany

8. Barcelona

9. Vancouver

10. Netherlands

Interesting article in the WSJ on Loan Modifications

By RUTH SIMON

The Obama administration said Tuesday that its mortgage-modification program has enrolled one in five eligible homeowners, a sign the effort is gathering momentum after a slow start. But so far few of those trial modifications are turning into permanent fixes.

Whether the program will ultimately be judged a success will depend upon how many trial modifications become permanent.

The administration won't release figures on completed modifications until December, but so far it appears that very few trial modifications are becoming permanent, often because of a lack of documentation

"It's a fiasco in the making," said Alan White, an assistant professor at Valparaiso University in Indiana, citing preliminary information about low numbers of permanent modifications and complaints from attorneys and housing counselors.

"The good news is you've gotten all these homeowners in from the cold and on these temporary modifications," Mr. White said. "The bad news is we are stumbling in getting all these people...all the way" to keeping their homes.

It's not clear yet what will happen to borrowers who make payments, but don't submit required paperwork.

"We have gone the extra mile," said Assistant Treasury Secretary Michael Barr in an interview. "Now it's up to the servicers to close the deal."

The administration continues to look for ways to address challenges in turning trial modifications into permanent fixes, a Treasury spokeswoman said.

Loosening documentation requirements should make it easier to complete some modifications, said Sanjiv Das, president of Citigroup's mortgage unit, which has finalized more than 1,600 of the modifications. Roughly 70% of the 68,000 borrowers in the program are current on their payments, Citigroup said.

Still, some borrowers say their mortgage companies have kept them in limbo for months. Gerald Bullock of Cincinnati said he has made seven trial payments and provided J.P. Morgan more than 60 pages of documents, but this week got another request for documents.

"We don't know if we have a house to live in or not," said Mr. Bullock, who fell behind on payments after becoming disabled in a workplace injury. "It just adds to [my] anger and depression."

A J.P. Morgan spokesman said Tuesday that Mr. Bullock's final modification was approved Friday and paperwork finalizing it will be sent this week. "Unfortunately, we mistakenly called him for additional documents," the spokesman said.

In an effort to get required documents, Saxon recently offered more than 5,000 Florida and California borrowers in the trial program $25 gift cards if they brought their paperwork to a nearby company event. About 15% responded, the company said.

Freddie Mac, the government-controlled mortgage company, recently hired Titanium Solutions Inc. to go door-to-door gathering needed documents. "Most of our borrowers got into the loan with assistance" and need similar help with the modification process, said Freddie Mac Senior Vice President Ingrid Beckles.

Susan Cook, a real-estate broker who works as a home-retention consultant for Titanium, said borrowers often report that they have sent in their paperwork "two or three times." But "there is always some little piece that is probably missing," she said.

"Although the tax credit remains at $8,000 for homebuyers that have not owned a primary residence in the last three years, it has been expanded to include a $6,500 tax credit for homebuyers that have lived in their current primary residence for at least five consecutive years out of the past eight years. Under the old rules, move-up homebuyers did not qualify." Consider these three examples:

Example 1:
Jane purchased a home in 2002, lived there for 5 years as her primary home, moved out in 2007, and turned that home into a rental property. If Jane decides to buy a new primary residence today, she would qualify for the $6,500 tax credit based on the fact that she lived in the same residence as her primary home for at least five consecutive years out of the past eight.

Example 2:
Harry purchased a home in 2004, and lived there for the past 5 years as his primary home. If Harry decides to buy a new primary residence today, he would qualify for the $6,500 tax credit based on the fact that he lived in the same residence as his primary home for at least five consecutive years out of the past eight.

Example 3:
Nicole purchased a home in 2006, and lived there for the past 3 years as her primary home. If Nicole decides to buy a new primary residence today, she would not qualify for the $6,500 tax credit based on the fact that she did not live in the same residence as her primary home for at least five consecutive years out of the past eight.

The tax credit applies to homes purchased for less than $800,000 before May 1, 2010. "If you sign a binding contract to purchase a home before May 1st, you would need to close on the transaction before July 1, 2010," Nicholas said. "It works kind of like a gift certificate that can be redeemed for cash. You simply file a form with the IRS right after you buy your home, and the IRS will send you a check for the full amount of your credit."

The income limitation for single tax payers went up from $75,000 under the old rules to $125,000 under the new rules. For married tax payers, the income limitation went up from $150,000 to $225,000. "This means that more people will qualify for the credit - especially in parts of the country with higher costs of living," Nicholas said. "This should help stimulate parts of the housing market that may not have been impacted by the old version of the credit."

There are many creative ways of structuring your home purchase transaction in ways that maximize the benefits of the credit. Here are a few examples:

-The credit applies to 1-4 unit homes as long as you live in one of the units as your primary residence - you could live in one unit and rent out the others

-If two unmarried individuals buy a home, and only one of the individuals qualifies for the credit based on their income or past home ownership status, the individual who qualifies for the credit can claim the full credit. (Note: In the case of married couples, both spouses must qualify for the credit).

-The credit applies even if you have co-signers on your mortgage loan

Article from RIS Media:Read more: http://rismedia.com/2009-11-08/expanded-version-of-tax-credit-will-allow-more-homebuyers-to-qualify/#ixzz0WVKbdJYa

I am a licensed Realtor® that specializes in avoiding foreclosure.

I will assist you in selling your home.

List your home with an experienced Las Vegas short sale Realtor.

Regardless of your current situation I am here to assist you, so call me today to help you find a solution! You have options which can enable you avoid foreclosure proceedings . Best of all with a short sale my commission will be paid by the bank!

http://www.lasvegasdawn.com/ for more info or give me a call at (702) 812-4550

SHORT SALE YOUR HOME NO UPFRONT FEE