Mark Helton, Las Vegas, NV REO Loan Officer

Hey Everyone,

It has been awhile since I have blogged but I am back! I made a goal to post one per week and I will do it, So what is new in the lending world?? Well..... good question, I am glad you asked! Te rates have come down drastically and if your past clients or yourself have purchased a home using FHA and are paying more than 5% then you need to do a Streamlin FHA REFI! The fees are low and the benefits are high. No Appraisal, credit check or Verification of employment required. If you are interested in hearing more info call me!

Mark Helton 702.966.0781 www.nevadaforeclosuresales.com

Hey everyone, sorry I haven't posted for a while. With the short month and all the holiday planning I don't need to tell you all how busy things got. Anyways, this is going to be a short post. What I am looking to do is talk with other agents and loan agents to discuss what type of things you are doing that is working and hopefully give some insight into somethings that I am working on.

I will host a conference call on a Friday in December after business hours to get everyone together to talk. THis is going to be an open forum. No sales pitches, just people picking eachothers brains for ideas for the upcoming year. I am not sure what type of response that this will get but I am really hoping it will be huge and that we can get even get some participation from the active rain elite. If you are interested please contact me by email or phone to discuss a time. Let's get 2009 started in the right direction and make our game plan now! I look forward to hearing from you.

Mark Helton "Your Las Vegas REO Finance Expert" 702.966.0781

markhelton@hotmail.com

www.nevadaforeclosuresales.com

What a great thing to see! I turn on the financial news and open cnn money and what do I see??? The 10 year Treasury Bond is at 3.01 as I type this!!! For those of you that have been watching this that is LOW! Ok, so biggest question I get is should I lock or not? Well, it depends on when you are planning to close your loan. Things in the Financial Markets are not looking to good. We got higher unemployment figures and worries of deflation (yes, I said deflation not inflation) and all of this heading into what some fear to be one of the worst retail seasons ever. I think because the market has been so crazy tomorrow is not a bad day to lock but if you have a stomach of steel, waiting it out will not hurt you in the long run. My belief is the rates will continue to tumble through the rest of the year.

Mark Helton 702.966.0781

www.nevadaforeclosuresales.com

Hey guys, I thought I would put up a quick post to remind all you listing agents that posting to those free classified ad sites can make your business. I personally could not live without craigslist.com. It is however not enough to only post an add with pictures using craigslist's built in tool. You must use html code with links to your listings on your site. This make all the difference in people perception to who you are and allows you to brand yourself for FREE on a site that gets HUGE HITS! Don't stop there.... also place ads on backpage.com, zillow.com, kijjiji.com and yahoo! There are even more that you can find that I did not even list. Bottom line, you can not get enough exposure. If you are in Nevada and are a listing agent, you don't even have to do it yourself. Send me a message or call me and I will let you in on a little known secret that is available to NEVADA AGENTS ONLY!!! How would you like to have all of your listings placed on all the major free classifed ad sites, professionally and FREE!!!

Mark Helton 702.966.0781

www.nevadaforeclosuresales.com

WAIT!!! Did you wait long enough??? Did the we hit bottom yet in Las Vegas???

I would say that it looks that way. Don't just take my word for it look for the telltale signs of the bottom.
Don't Believe Everything See On T.V!!! The News sells doom and gloom because fear sells. Look and use common sense when you decide if now is the right time to buy for YOU.

Real Estate Markets should be analyized locally not nationally. Las Vegas has a completely different Real Estate Market than lots of other states. Many things happening right now point to things getting better here in Las Vegas. Here are two very good things to think about.

#1 Average sales price price for a home. In relation to our average household income in Las Vegas, prices of homes are now very affordable. For the last 5 years potential buyers were "priced out" because of the obscene increase in home prices, which built up a huge demand. Now, we have too much supply and even more foreclosures causing an even higher increase in inventory. This caused a huge price drop. The price for a home in Las Vegas is around $100 per square foot. This is about where we were in 2001.

With the prices dropping the inventory will quickly shrink because of all the built up demand from these excited buyers that can now buy. This will cause the price of homes to eventually bounce similarly to the California market. FHA Loans are still easy to get! You just need to know where to go. With all of the changes in regulations from the Lenders, people are expecting to be turned away but it has not changed all that much. Just take away all of the crazy loan programs that got us into this mess. All the speculating wanna be investors looking to buy 10 homes with no job, sorry no luck! For the average buyer looking to buy and live in the home long term with a 30 year fixed mortgage, in my opinion got easier because now they can actually qualify for the right home at the right payment because the home is cheaper. People should not wait too long or they will miss the boat again because home prices in the USA are still much cheaper than the rest of the world and our Country is still the best place to live, it is safe to believe that this depreciation will not last long.