Las Vegas Dawn Barrier Las Vegas Short Sale Real Estate Consult

Las Vegas Sunset on the way home today

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

Las Vegas Short Sale

My Website

What does the term "Short Sale" mean and why does it take so long to process?

Just a little puppy I encountered today on my calls in Las Vegas---LOL---

at least he was wagging his tail.....ha!

Everyday I encounter a little bit of this and that...

A bit about me

Certified Short Sale Professional

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

Las Vegas Short Sale

My Website

What does the term "Short Sale" mean and why does it take so long to process?

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First-time home buyers have just 12 weeks to find and close on a home to qualify for the $8,000 Federal tax credit before the November 30th deadline-Vegas Update - 09/15/09 09:16 AM

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WHAT DOES A SELLER NEED TO PROVIDE TO DO A LAS VEGAS SHORT SALE?

WHAT DOES A SELLER NEED TO PROVIDE TO DO A LAS VEGAS SHORT SALE?

This is just a basic starter list. Your lender may require you to provide more or less documents, but these are what you need to be prepared to provide to so that your short sale will go more smoothly.

DOCS NEEDED For Short Sale

•1. Authorization form to lender

•2. Hardship letter

•3. Mortgage Statement

•4. Financial Worksheet

•5. 2 months paystubs

•6. 2 months bank statements

•7. 2 years tax returns

If you don't have 5,6, or 7, you will need to provide a letter explaining a valid reason why you don't have them to present to the bank and it could hinder the short sale process.

Keep checking my blog for more short sale information and you can email or give me a call with other questions you may have.

A bit about me

Certified Short Sale Professional

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

Las Vegas Short Sale

My Website

What does the term "Short Sale" mean and why does it take so long to process?

Facebook

Will the 1st Time Home Buyers Tax Credit Get Extended? Builders hope so......

Single-Family Starts Ease as Credit Deadline Looms

Read more: http://rismedia.com/2009-09-21/single-family-starts-ease-as-credit-deadline-looms/#ixzz0RrkMS7NY

RISMEDIA, September 22, 2009-Production of new single-family homes slowed in August 2009 as the expiration date for an important buyer incentive drew nearer, according to figures recently released by the U.S. Commerce Department. While overall housing starts rose 1.5% to a seasonally adjusted annual rate of 598,000 units for the month, single-family starts declined 3% to a rate of 479,000 units, ending what had been a five-month run of improvements.

"With the $8,000 first-time home buyer tax credit set to expire at the end of November, the window is now basically closed for being able to start a new home that can be completed in time for purchasers to take advantage of that," said Joe Robson, Chairman of the National Association of Home Builders (NAHB) and a home builder from Tulsa, Okla. "Builders are therefore pulling back on new construction at this time. Clearly Congress must act now to extend the tax credit if we are to keep the market moving toward a recovery."

"The tax credit has been helping buoy demand for new homes since its passage in February, but builders are concerned about what happens after it is gone," said NAHB Chief Economist David Crowe. "On top of the credit's impending expiration, builders continue to grapple with a severe lack of credit for housing production loans and inappropriately low appraisals that are tied to the use of distressed properties as comps - both of which blunted the tax credit's positive effect. Together, these three challenges threaten to completely stifle the upward momentum we've seen in the first half of 2009."

Read more: http://rismedia.com/2009-09-21/single-family-starts-ease-as-credit-deadline-looms/#ixzz0RrkMS7NY

Will the 1st Time Home Buyers Tax Credit Get Extended? Harry Reid & John Ensign Support it...

Senate bill (S. 1678) recently introduced that would create a six-month extension of the $8,000 federal tax credit for first-time homebuyers and move the current expiration date forward to June 1, 2010.

Read more: http://rismedia.com/2009-09-20/realogy-supports-new-bi-partisan-senate-bill-to-extend-first-time-homebuyer-tax-credit-for-6-months/#ixzz0Rl8ckpIn

We are all wanting to get an answer...but we will just have to wait and see.

The bill was introduced by U.S. Senator Benjamin L. Cardin (D-MD), along with Senators John Ensign (R-NV), Harry Reid (D-NV), Johnny Isakson (R-GA) and Debbie Stabenow (D-MI). The current tax credit provision for first-time homebuyers, passed as part of the American Recovery and Reinvestment Act, expires December 1, 2009. According to the most recent data from the Department of the Treasury, nearly 530,000 Americans have applied for the tax cut to help them purchase their first home. About 40% of all homebuyers this year will be eligible for the tax credit.

Read more: http://rismedia.com/2009-09-20/realogy-supports-new-bi-partisan-senate-bill-to-extend-first-time-homebuyer-tax-credit-for-6-months/#ixzz0Rl8oyDGq