About Henderson's Altair At Green Valley

Does anyone know because i sure don't! Pleae refer to my blog before for more details regarding this. We went to court in November and the judge said he needed up to 2 weeks to decide. We received our answer in February that we were to recover nothing!!!! I at least thought if it was taking the judge this long to respond, we were going to get back something, but to wait over 3 months to get zero??? We also did not get any reason why we received nothing back of our $5000 lease option, although the owners never disclosed a construction defect that made it near impossible to finance with less than 20% down (which we didn't have and ended up buying FHA with Nehemiah). We are still just dumb founded that owners can hide the fact that a property has construction defects (we had received letters posted on our door stating there were life threatening electrical issues within our condo building from the construction co. and the sellers had supplied us with 1 year old HOA docs that conveniently did not mention any suits) and take 5k from average joe hard working people with no laws or consequences. With any regular real estate transaction, you would get your butt sued and rightly so, but somehow if you are trying to lease to own you are made to feel less and inadequate by the justice system because there was no actual "purchase agreement" and only a "lease option".

Someone once described a lease option to me as an "extended escrow", where you are able to feel out the place first. But a lease option spells out the terms almost as good as a purchase agreement. Yet, the judicial system does not see it this way- at least not in Nevada. If someone has anymore info that help clear this mystery to me I would appreciate it, because right now I am still unsure what tipped the scales in the owners favor.

The absorption rate for Las Vegas Valley Area Short Sales went up slightly for November 2008. Absorption still remains high and just slightly above the 2 year mark. Inventory has risen at a slower pace than normal (+52 units). Pending units has also decreased by -120 units. Solds have decreased by -51 units.

There are many reasons for the lack of closings in this market and it is outlined in this post.

Short Sale Synopsis:

• Listings 12/11/2008: 6742
• Pending 12/11/2008: 2078
• Closed November 2008: 247
• Month's Inventory: 27.3 (=2.3 Years Inventory.)

Short Sales Currently Account for:

• 31% of All Las Vegas Valley Listings
• 9.7% of All Las Vegas Valley Sales
  

One thing you really need to consider when buying or selling short is to make sure the list agent is EXPERIENCED in this niche. These deals are hard to pull whether it is or is not an experienced agent.

Read here for the most current Las Vegas Area Short Sale Report.

Read here for last month's report on Las Vegas Area Short Sales.

If you need to sell your home via a short sale by a proven short sale expert, you can either fill out the form on this page or you can call 702-966-2494 and press option 0. If you would like to buy a short sale property you can call 702-966-2494 and press option 1 for a Realtor or option 3 for Financing Questions. Be sure to ask about down payment assistance (zero down/100% loans) for first time buyers through grants and bonds! Para español presione el cuatro