Thursday, February 28, 2013
The Las Vegas Short Sale Experts!: Percentage of underwater homeowners in Vegas drops...
The Las Vegas Short Sale Experts!: Percentage of underwater homeowners in Vegas drops...: According to the Las Vegas Sun, the percentage of underwater homeowners in Las Vegas Valley fell last year as rising home values gave many...
Percentage of underwater homeowners in Vegas drops in 2012
According to the Las Vegas Sun, the percentage of underwater homeowners in Las Vegas Valley fell last year as rising home values gave many people a financial lift.
But there’s ample room for improvement: Las Vegas is expected to stay the underwater capital of America for at least another year.
About 59 percent of local homeowners with mortgages were underwater — meaning their debt exceeded their home’s value — at the end of 2012, according to a report out today from Zillow.
That’s down from 70 percent a year earlier but still highest among the country’s 30 largest metro areas. Atlanta was second-highest at 49.5 percent.
The valley’s rate of underwater borrowers is expected to dip by year’s end to 56.7 percent, Zillow said. It’s a slight improvement, though Las Vegas would remain worst in the nation, followed again by Atlanta, at nearly 48 percent.
Nationally, 27.5 percent of borrowers were underwater as of Dec. 31, down from 31 percent a year earlier. It’s forecasted to inch down to 25.5 percent by the end of 2013.
Zillow attributed last year’s sliding national rate in part to the 5.9 percent increase in U.S. home values in 2012.
Southern Nevada’s median home value rose 14 percent last year to $129,100, according to Zillow.
Read more: http://www.lasvegassun.com/news/2013/feb/20/percentage-underwater-homeowners-las-vegas-drops-2/
If you are one of the few underwater, and want to know what options you have call The Short Sale Experts at The Amanda Brown Team. We helped 117 homeowners last year avoid foreclosure by doing a short sale.
Call now for a free consultation. 702-496-7416
lasvegasshortsalesnow.com
brownnvrs@gmail.com
Wednesday, February 27, 2013
The Las Vegas Short Sale Experts!: Bank of America short sales
The Las Vegas Short Sale Experts!: Bank of America short sales: The Amanda Brown Team at Nevada Realty Solutions has closed over a 100 successful short sales with Bank of America. If you have a...
Bank of America short sales
The Amanda Brown Team at Nevada Realty Solutions has closed over a 100 successful short sales with Bank of America. If you have a loan with Bank of America and need help, please call us at 702-496-7416. Our experienced team is ready to help you in your difficult situation.
You don't want to wait any longer. Bank of America has programs out there that will put money in your pocket when you close on a successful short sale with them.
This is how Bank of America calculates the relocation asst. money:
The relocation assistance payment is calculated based on the appraised value of the homeowner’s property. With a Home Affordable Foreclosure Alternatives (HAFA) Short Sale the total amount will be no less than $3,000, but no more than $30,000. With a Cooperative Short Sale, the total amount will be no less than $2,500, but no more than $30,000. If the property is the principal residence of a tenant or other occupant, the occupant may be eligible to receive $3,000 of the relocation assistance. If you are eligible for an amount above the $3,000 HAFA relocation assistance, the additional amount will be paid to you. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the Short Sale Agreement, which include but are not limited to the following: a full walk-through appraisal must be completed and you must satisfy all junior liens and provide clear title for the property (the relocation assistance payment can be used to clear those liens). If you are still responsible for a deficiency balance after the sale, you should be aware that this relocation assistance will increase that deficiency since it reduces the amount available to apply towards your mortgage debt. If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, you will not receive the relocation assistance payment. The amount of any relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms. We suggest that the homeowner contact the IRS or your tax preparer to determine if you have any tax liability. In order to receive the relocation assistance, the property must close by September 26, 2013.
Learn more about the programs Bank of America has for their short sales by clicking on the link below.
Considering a short sale with Bank of America
Amanda Brown
Nevada Realty Solutions
702-496-7416
Tuesday, February 26, 2013
Economic Update for week of 2-25-2013
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Monday, February 25, 2013
The Las Vegas Short Sale Experts!: Is Las Vegas back on the rise?
The Las Vegas Short Sale Experts!: Is Las Vegas back on the rise?: Las Vegas homeowners regaining property values Tools Email Print Save Post to Digg Post to Google Buzz Post to StumbleU...
Is Las Vegas back on the rise?
Las Vegas homeowners regaining property values
Tools
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
LAS VEGAS REVIEW-JOURNAL
Posted: Feb. 21, 2013 | 2:17 a.m.
Some 37,000 homeowners in Las Vegas crawled out of the hole on their home values in the third quarter, Zillow.com said in a forecast being released Thursday.
Homeowners with negative equity, or owing more than their home is worth, fell to 59.2 percent in the fourth quarter from 63 percent in the third quarter, the online listing firm reported.
At the end of the fourth quarter, there were 197,434 homes with negative equity in Las Vegas metro area, with cumulative negative equity of $19 billion dollars.
The Zillow negative equity forecast predicts that the negative equity rate among all homeowners with a mortgage will fall to at least 56.7 percent by fourth quarter 2013, freeing 8,435 underwater homeowners.
Zillow found that roughly one-fourth of Las Vegas underwater homeowners have 20 percent or less negative equity.
Zillow senior economist Svenja Gudell said Las Vegas dropped 11 percentage points in negative equity, from 70 percent in fourth quarter 2011 to 59 percent, while home values increased 14 percent. Homes that were over 200 percent loan-to-value, or worth less than half the mortgage, dropped from 26.7 percent to 18.6 percent.
"The salient point to take away is that even as home values increase, homeowners are still under water, but not as far," she said.
"That's the good news there."
The 90-day delinquency rate for mortgaged homes in Las Vegas is 14.5 percent, compared with the national rate of 8.9 percent.
In a breakdown of Las Vegas metro, the city of North Las Vegas is most under water at 69 percent, followed by Las Vegas (59.1 percent); Bunkerville (58.4 percent); Henderson (52.2 percent); Logandale (50.3 percent); Boulder City (49.1 percent); Laughlin (46.5 percent); and Mesquite (38.8 percent).
Nationwide, Zillow reported homeowners with negative equity fell to 27.5 percent in the fourth quarter, compared with 31.1 percent a year ago .
Contact reporter Hubble Smith at hsmith@reviewjournal.com or 702-383-0491.
This valuable information was brought to you by Amanda Brown, Short Sale Expert at Nevada Realty Solutions.
Amanda Brown
702-496-7416
Sunday, February 24, 2013
The Las Vegas Short Sale Experts!: UNDERSTANDING THE EVICTION PROCESS
The Las Vegas Short Sale Experts!: UNDERSTANDING THE EVICTION PROCESS: Many times I get asked about the eviction process in Nevada. Here is a guideline I found from the Clark County website. Evictions...
UNDERSTANDING THE EVICTION PROCESS
Many times I get asked about the eviction process in Nevada. Here is a guideline I found from the Clark County website.
Evictions: All evictions must begin with a NOTICE. There are several types of notices to choose from. You may not always be able to use the quickest notice available. You must choose one that applies to the situation. There are separate notices for manufactured homes and non-manufactured homes.
A standard eviction can cost $100 - $120 from start to finish. Evictions take 10 to 180 days depending on the type of notice served. Foreclosure: NO notices available for this process. A foreclosure requires you going to Justice Court and filing a FORMAL CIVIL COMPLIANT. The Constable's office does NOT have forms available for this process.
TYPES OF NOTICES FOR NON-MANUFACTURED HOMES
5-DAY QUIT OR PAY: This notice is used for non-payment of rent from tenant. If there is NO grace period, you can go forward with the notice the day AFTER rent is due. If you have a grace period, you must wait until that time has passed. If the tenant offers you the FULL rental amount, you MUST ACCEPT. You can refuse partial payment from the tenant. If you should decide to accept partial payment, you can refile a new notice for the balance of money due. There is NO other notice that follows this 5-Day Pay or Quit. When serving this 5-Day Pay or Quit Notice, you DO NOT count the day of service. Count 5 business days. The day after the 5 business days return to our office.
Example: You come to Constable's Office on Thursday (4/8/04). We serve the paper on Friday (4/9/04). Tenant has Monday thru Friday (4/12/04 thru 4/16/04) of the following week to contest notice. You return to our office on Monday (4/19/04) to continue the eviction process.
3-DAY NUISANCE NOTICE:Can be used for what you consider a nuisance. It requires a written reason and has absolutely nothing to do with rent money. You do not count the day of service. The defendant has 3 working days to fix the problem. You need to return to this office after the 3rd day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER. 7-DAY NOTICE:Notice is used for weekly rentals. It requires a written reason is required for eviction. DO NOT count the day of service. Count 7 business days. You need to return to this office after the 7th day (return date must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
30-DAY NOTICE:Notice is used for reasons OTHER than Nuisance or Rent. DO NOT count the day of service -- it runs consecutive through weekends and holidays. (Can not be used when a lease is in effect).You need to return to this office after the 30th day (return date must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
5 DAY UNLAWFUL DETAINER: This is the follow-up notice to the 3-day, 7-day, and 30-day notice. Days are counted like a 5-day pay or quit notice (business days). There is an additional fee for this notice.
A standard eviction can cost $100 - $120 from start to finish. Evictions take 10 to 180 days depending on the type of notice served. Foreclosure: NO notices available for this process. A foreclosure requires you going to Justice Court and filing a FORMAL CIVIL COMPLIANT. The Constable's office does NOT have forms available for this process.
TYPES OF NOTICES FOR NON-MANUFACTURED HOMES
5-DAY QUIT OR PAY: This notice is used for non-payment of rent from tenant. If there is NO grace period, you can go forward with the notice the day AFTER rent is due. If you have a grace period, you must wait until that time has passed. If the tenant offers you the FULL rental amount, you MUST ACCEPT. You can refuse partial payment from the tenant. If you should decide to accept partial payment, you can refile a new notice for the balance of money due. There is NO other notice that follows this 5-Day Pay or Quit. When serving this 5-Day Pay or Quit Notice, you DO NOT count the day of service. Count 5 business days. The day after the 5 business days return to our office.
Example: You come to Constable's Office on Thursday (4/8/04). We serve the paper on Friday (4/9/04). Tenant has Monday thru Friday (4/12/04 thru 4/16/04) of the following week to contest notice. You return to our office on Monday (4/19/04) to continue the eviction process.
3-DAY NUISANCE NOTICE:Can be used for what you consider a nuisance. It requires a written reason and has absolutely nothing to do with rent money. You do not count the day of service. The defendant has 3 working days to fix the problem. You need to return to this office after the 3rd day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER. 7-DAY NOTICE:Notice is used for weekly rentals. It requires a written reason is required for eviction. DO NOT count the day of service. Count 7 business days. You need to return to this office after the 7th day (return date must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
30-DAY NOTICE:Notice is used for reasons OTHER than Nuisance or Rent. DO NOT count the day of service -- it runs consecutive through weekends and holidays. (Can not be used when a lease is in effect).You need to return to this office after the 30th day (return date must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
5 DAY UNLAWFUL DETAINER: This is the follow-up notice to the 3-day, 7-day, and 30-day notice. Days are counted like a 5-day pay or quit notice (business days). There is an additional fee for this notice.
TYPES OF NOTICES FOR MANUFACTURED HOMES 3-DAY NUISANCE NOTICE:
Can be used for what you consider a nuisance and the NRS 118.B.190b considers a nuisance. It requires a written reason and has absolutely nothing to do with rent money. You do not count the day of service. The defendant has 3 working days to fix the problem. You need to return to this office after the 3rd day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
5-DAY NUISANCE NOTICE:
Can be used for what the NRS 118.B.190b considers a nuisance other than reasons for the 3-Day Nuisance Notice (i.e., bad conduct). It requires a written reason and has absolutely nothing to do with rent money. You do not count the day of service. The defendant has 5 working days to fix the problem. You need to return to this office after the 5th day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
10-DAY NOTICE:
This notice is used for non-payment of rent from tenant. If there is NO grace period, you can go forward with the notice the day AFTER rent is due. If you have a grace period, you must wait until that time has passed. If the tenant offers you the FULL rental amount, you MUST ACCEPT. You can refuse partial payment from tenant. If you should decide to accept partial payment, you can refile a new notice for the balance of money due. There is NO other notice that follows this 10-Day Pay or Quit. When serving this 10-Day Pay or Quit Notice, you DO NOT count the day of service. Count 10 business days. The day after the 10th day, you return to our office to proceed with the lock out.
45-DAY NOTICE:This notice is used for a Nuisance Notice for reasons OTHER than, rent and the reasons listed in the NRS 118.B.190b. that can be used in the 3- & 5-day Nuisance notices . You do not count the day of service. The defendant has 45 days to correct the problem. You need to return to this office after the 45th day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
180-DAY NOTICE:
This notice is used for CHANGE IN USE OF THE LAND, as stated in the NRS 118.B.190b. You do not count the day of service. The defendant has 180 days to vacate the land. You need to return to this office after the 180th day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
5-DAY UNLAWFUL DETAINER:
This is the follow-up notice to the 3-day, 5-day, 45-day and 180-day notice. Days are counted like a 5-day pay or quit notice (business days). There is an additional fee for this notice.
ALL NOTICES ARE SERVED NEXT BUSINESS DAY.
What happens next?
Our office will serve the notice. You will return on the date printed on your receipt to continue with the eviction.
When you return to our office, you will be handed the actual notice and instructed to take it to Justice Court to file for the Summary Eviction. Court requires that their paperwork be typed--Justice Court's filing fee is $49.00. After filing with the court, you will be handed an Instruction Sheet. You are to bring the Instructions back to the Constable's and will need to pay Lock-Out fees ($42.00 plus $4.00/mile). If you choose not to continue with eviction (for whatever reason) simply do not return to our office. Notices not picked up within 30 days will be destroyed.
What to expect after you file in Justice Court.
If papers are filed through court prior to noon, this office should receive a signed court order the same day. Notice will be posted the next business day and we will lock-out property the following business day. Locks must be changed at the time the deputy puts the seal on the door. If you need assistance in contacting a locksmith, our deputies can assist. Deputy will contact you between 8 a.m. and 11 a.m. the day of the scheduled lock-out to set-up a time to meet. If you are not available, the eviction CAN NOT BE COMPLETED OR POSTPONED.
The Court does not contact the Landlord if the Tenant contests. It is up to the Landlord to search the Justice Court Public Access site to see if the Tenant contested the Eviction Notice. If the Tenant contested, then the Landlord will need to file on the Tenant's Case that was initiated for the contested Eviction Notice. If the Tenant contested the Eviction after the Landlord files (Tenant files Motion to Stay), then the Landlord will need to check the status of the Motion to Stay the Justice Court Public Access website to see what decision the Judge has rendered on the Motion to Stay. If you have questions regarding this matter, contact Justice Court at (702) 671-3478. If Justice Court informs you to file your paperwork, you will need to come to Constable's Office to pick-up a copy of your NOTICE to take to Justice Court for filing. Justice Court fee is $46.00. You DO NOT need to return to our office until after your court date.
What to do after court.
If Judge orders eviction, immediately bring Instructions to Constable's Office and pay lock-out fee. Order will be posted the next business day after we receive it and lock-out the day after posting.
If Judge gives tenant a day and time to pay or vacate, you must call the court. At that time ask them to forward the order to Constable's Office.
You will need to bring the "Instructions to the Constable" to our office and pay lock-out fees.
If court kept your instructions, you need to go there first to pick them up. Since the refund process can take 8-12 weeks, it is suggested you pay for lockout fees ONLY after you know the tenant is not going to abide by the Judge's instructions.
Can be used for what you consider a nuisance and the NRS 118.B.190b considers a nuisance. It requires a written reason and has absolutely nothing to do with rent money. You do not count the day of service. The defendant has 3 working days to fix the problem. You need to return to this office after the 3rd day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
5-DAY NUISANCE NOTICE:
Can be used for what the NRS 118.B.190b considers a nuisance other than reasons for the 3-Day Nuisance Notice (i.e., bad conduct). It requires a written reason and has absolutely nothing to do with rent money. You do not count the day of service. The defendant has 5 working days to fix the problem. You need to return to this office after the 5th day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
10-DAY NOTICE:
This notice is used for non-payment of rent from tenant. If there is NO grace period, you can go forward with the notice the day AFTER rent is due. If you have a grace period, you must wait until that time has passed. If the tenant offers you the FULL rental amount, you MUST ACCEPT. You can refuse partial payment from tenant. If you should decide to accept partial payment, you can refile a new notice for the balance of money due. There is NO other notice that follows this 10-Day Pay or Quit. When serving this 10-Day Pay or Quit Notice, you DO NOT count the day of service. Count 10 business days. The day after the 10th day, you return to our office to proceed with the lock out.
45-DAY NOTICE:This notice is used for a Nuisance Notice for reasons OTHER than, rent and the reasons listed in the NRS 118.B.190b. that can be used in the 3- & 5-day Nuisance notices . You do not count the day of service. The defendant has 45 days to correct the problem. You need to return to this office after the 45th day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
180-DAY NOTICE:
This notice is used for CHANGE IN USE OF THE LAND, as stated in the NRS 118.B.190b. You do not count the day of service. The defendant has 180 days to vacate the land. You need to return to this office after the 180th day (return must be a business day). Need to follow-up with the 5-DAY UNLAWFUL DETAINER.
5-DAY UNLAWFUL DETAINER:
This is the follow-up notice to the 3-day, 5-day, 45-day and 180-day notice. Days are counted like a 5-day pay or quit notice (business days). There is an additional fee for this notice.
ALL NOTICES ARE SERVED NEXT BUSINESS DAY.
What happens next?
Our office will serve the notice. You will return on the date printed on your receipt to continue with the eviction.
When you return to our office, you will be handed the actual notice and instructed to take it to Justice Court to file for the Summary Eviction. Court requires that their paperwork be typed--Justice Court's filing fee is $49.00. After filing with the court, you will be handed an Instruction Sheet. You are to bring the Instructions back to the Constable's and will need to pay Lock-Out fees ($42.00 plus $4.00/mile). If you choose not to continue with eviction (for whatever reason) simply do not return to our office. Notices not picked up within 30 days will be destroyed.
What to expect after you file in Justice Court.
If papers are filed through court prior to noon, this office should receive a signed court order the same day. Notice will be posted the next business day and we will lock-out property the following business day. Locks must be changed at the time the deputy puts the seal on the door. If you need assistance in contacting a locksmith, our deputies can assist. Deputy will contact you between 8 a.m. and 11 a.m. the day of the scheduled lock-out to set-up a time to meet. If you are not available, the eviction CAN NOT BE COMPLETED OR POSTPONED.
The Court does not contact the Landlord if the Tenant contests. It is up to the Landlord to search the Justice Court Public Access site to see if the Tenant contested the Eviction Notice. If the Tenant contested, then the Landlord will need to file on the Tenant's Case that was initiated for the contested Eviction Notice. If the Tenant contested the Eviction after the Landlord files (Tenant files Motion to Stay), then the Landlord will need to check the status of the Motion to Stay the Justice Court Public Access website to see what decision the Judge has rendered on the Motion to Stay. If you have questions regarding this matter, contact Justice Court at (702) 671-3478. If Justice Court informs you to file your paperwork, you will need to come to Constable's Office to pick-up a copy of your NOTICE to take to Justice Court for filing. Justice Court fee is $46.00. You DO NOT need to return to our office until after your court date.
What to do after court.
If Judge orders eviction, immediately bring Instructions to Constable's Office and pay lock-out fee. Order will be posted the next business day after we receive it and lock-out the day after posting.
If Judge gives tenant a day and time to pay or vacate, you must call the court. At that time ask them to forward the order to Constable's Office.
You will need to bring the "Instructions to the Constable" to our office and pay lock-out fees.
If court kept your instructions, you need to go there first to pick them up. Since the refund process can take 8-12 weeks, it is suggested you pay for lockout fees ONLY after you know the tenant is not going to abide by the Judge's instructions.
What to expect on the day of lock-out.
On the day of the lock-out the deputy will contact you between 8:00 am and 11:00 am to schedule the lock change. If you are hiring a locksmith you must have him ready to change the locks at the scheduled time to avoid cancellation of lock out. If you are changing your own locks, you must have your locks ready and be prepared to change the locks while the deputy walks the property to make sure no people or pets are in the property. If you do not have a key to property or unsure of how you will be entering the property on the day of the lock change please contact a locksmith before your scheduled time to avoid cancellation. In the event that we are unable to contact you on the day of the lock out or you are unprepared to change the locks and we have to cancel the appointment, you will be required to pay for the eviction again.
After Eviction Is Completed.
When an eviction is completed, the Landlord must store the tenants property for 30 days. They may not charge back rent, but can charge a reasonable storage fee. The tenant has to make arrangements with the Landlord to pick up their property. The Landlord has to notify the tenant in writing, prior to the last 14 days, by CERTIFIED MAIL,that he is disposing the property after the time has lapse.
Cancel Lockout.
It is suggested, if someone moves out, go ahead with the eviction process to avoid any problems that may arise if tenant tries to move back in.
Cancel Eviction/tenant paid.
When deputy calls to follow-up with the lock-out, inform him that tenant has paid and no eviction will be necessary. Constable's Office can not accept cancellation of evictions over the telephones or fax.
Order to Rescind. Order to rescind must be done in Justice Court then brought to Constable's Office for lock-out fees refund. Order must be in this office the day before action is to be taken or Constable's Office will be unable to refund. If posting has already been done and you file order to rescind the day before lock-out, only one-half of the refund will be issued (8-12 weeks for refund).
If you cancel eviction with Deputy Constable, then change your mind, you will have to start eviction process from the beginning.
Once order is received from Justice Court and lock-out fees are paid, we MUST proceed the next business day. NO EXCEPTIONS. Failure to follow this procedure will result in the eviction being canceled and you will have to start the eviction process from the beginning.
What to do with tenant's belongings left behind.
You are liable for their belongings for 30 days from day of lock-out. You may charge a reasonable storage fee, but cannot hold the property for the rent that was due. If you choose, you may contact a storage company to have tenant's property inventoried and stored.
After reading the above information, if you are still unsure how to proceed, you may contact an attorney for legal advice.
Constable's Office302 E. Carson Ave 5th Floor
Las Vegas, NV 89155
(702) 455-4099 / FAX (702) 385-2436
Hours: 8 a.m. - 4:45 p.m. (Monday through Friday)
First Thursday of each month, offices closes at 3 p.m.
Self Help Center
200 Lewis Ave, 1st floor
Las Vegas, NV 89155
(702) 671-3970
Justice Court
200 Lewis Ave
Las Vegas, NV 89155
(702) 671-3478
Hours: 8 a.m. - 3 p.m. (Monday through Friday)
Legal Services530 S. 6th Street
Las Vegas, NV 89101
(702) 383-6095
Nevada Legal Services
After Eviction Is Completed.
When an eviction is completed, the Landlord must store the tenants property for 30 days. They may not charge back rent, but can charge a reasonable storage fee. The tenant has to make arrangements with the Landlord to pick up their property. The Landlord has to notify the tenant in writing, prior to the last 14 days, by CERTIFIED MAIL,that he is disposing the property after the time has lapse.
Cancel Lockout.
It is suggested, if someone moves out, go ahead with the eviction process to avoid any problems that may arise if tenant tries to move back in.
Cancel Eviction/tenant paid.
When deputy calls to follow-up with the lock-out, inform him that tenant has paid and no eviction will be necessary. Constable's Office can not accept cancellation of evictions over the telephones or fax.
Order to Rescind. Order to rescind must be done in Justice Court then brought to Constable's Office for lock-out fees refund. Order must be in this office the day before action is to be taken or Constable's Office will be unable to refund. If posting has already been done and you file order to rescind the day before lock-out, only one-half of the refund will be issued (8-12 weeks for refund).
If you cancel eviction with Deputy Constable, then change your mind, you will have to start eviction process from the beginning.
Once order is received from Justice Court and lock-out fees are paid, we MUST proceed the next business day. NO EXCEPTIONS. Failure to follow this procedure will result in the eviction being canceled and you will have to start the eviction process from the beginning.
What to do with tenant's belongings left behind.
You are liable for their belongings for 30 days from day of lock-out. You may charge a reasonable storage fee, but cannot hold the property for the rent that was due. If you choose, you may contact a storage company to have tenant's property inventoried and stored.
After reading the above information, if you are still unsure how to proceed, you may contact an attorney for legal advice.
Constable's Office302 E. Carson Ave 5th Floor
Las Vegas, NV 89155
(702) 455-4099 / FAX (702) 385-2436
Hours: 8 a.m. - 4:45 p.m. (Monday through Friday)
First Thursday of each month, offices closes at 3 p.m.
Self Help Center
200 Lewis Ave, 1st floor
Las Vegas, NV 89155
(702) 671-3970
Justice Court
200 Lewis Ave
Las Vegas, NV 89155
(702) 671-3478
Hours: 8 a.m. - 3 p.m. (Monday through Friday)
Legal Services530 S. 6th Street
Las Vegas, NV 89101
(702) 383-6095
Nevada Legal Services
This Valuable information was brought to you by The Amanda Brown Team, Short Sale Expert at Nevada Realty Solutions.
Amanda Brown
702-496-7416
Saturday, February 23, 2013
The Las Vegas Short Sale Experts!: Another happy seller with The Amanda Brown Team
The Las Vegas Short Sale Experts!: Another happy seller with The Amanda Brown Team: The Amanda Brown Team , at Nevada Realty Solutions specializes in helping homeowners with their short sale. We DON'T charge an upfront fee ...
Another happy seller with The Amanda Brown Team
The Amanda Brown Team, at Nevada Realty Solutions specializes in helping homeowners with their short sale. We DON'T charge an upfront fee and we offer a free 30 minute legal consultation. There fore you don't have to pay for the overpriced attorney's. Last year our team helped 117 homeowners avoid foreclosure by doing a short sale. See what one of the satisfied homeowners had to say about their experience with our team.
I know it's taken me too long to write this, but we want to thank you for what you and your crew did for us in our short sale. It was a stressful time for us as we were adjusting to moving here, trying to get our lives adjusted, experiencing unexpected expenses and missing family. But your team came through for us in a very timely manner and we thank you so much for all you did.
Take care and God Bless You. Dave & Beverly
Please all us know to get started on your short sale.
Amanda Brown
702-496-7416
brownnvrs@gmail.com
lasvegasshortsalesnow.com
I know it's taken me too long to write this, but we want to thank you for what you and your crew did for us in our short sale. It was a stressful time for us as we were adjusting to moving here, trying to get our lives adjusted, experiencing unexpected expenses and missing family. But your team came through for us in a very timely manner and we thank you so much for all you did.
Take care and God Bless You. Dave & Beverly
Please all us know to get started on your short sale.
Amanda Brown
702-496-7416
brownnvrs@gmail.com
lasvegasshortsalesnow.com
Friday, February 22, 2013
The Las Vegas Short Sale Experts!: Insite to AB 284
The Las Vegas Short Sale Experts!: Insite to AB 284: click here for video Todd: Hello! Welcome to Todd Miller TV. Joined here with Amanda Brown, the Short Sale Real Estate Agent Extraordin...
Insite to AB 284
click here for video
Todd: Hello! Welcome to Todd Miller TV. Joined here with Amanda Brown, the Short Sale Real Estate Agent Extraordinaire. And Amanda I want to talk about AB 284
and what it’s cause psychologically in a lot of people minds that should probably be doing a short sale right now.
and what it’s cause psychologically in a lot of people minds that should probably be doing a short sale right now.
Amanda: AB-284 has caused the banks in Las Vegas it kinda hault on Foreclosing on Home owners, so it has caused a lot home owners to sit still on taking action what they need to do with their properties. Whether be a short sale, even do a loan modification, but a lot of the banks/there’s one particular bank/one of the biggest institutions right now who has their systems in place, and are ready to start increasing their foreclosures on the properties and as you mentioned earlier as we’re talking privately you said the NOD’s have called/have gone up and those are defaults which means right around the corner after that will be foreclosures, So now is the time for home owners not to sit on their properties anymore and think that they’re gonna be able to stay in them for years, the banks are gonna start foreclosing again.
Todd: So the video I did, it was a few days ago, and if you go on ToddMillerTV.com and if you’ll go down you’ll see it. There’s links. And you can see the banks and they actually have the NOD list on there. And on there it has the link, they click on it. They can see the name of the banks that have all of a sudden started doing a ton of NODs. So, the thing I hear the most as I’ve talked to a lot of people who have said “Well, I’m gonna hold off because the banks are foreclosing right now and I’m sitting here with 3″ What do you think might happen if all of a sudden there’s a flood of NODs and then the banks get serious? And instead of waiting a year and a half,
’cause roughly that’s the timeline of foreclosed now, they just go NOD, Notice of Trustee sale and Foreclose. Do you think there are gonna be people who, you know/that could take 4 months at the shortest time frame, do you think they’re gonna be people caught and getting foreclosed on when they could have short saled but they were trying to gain the system?
’cause roughly that’s the timeline of foreclosed now, they just go NOD, Notice of Trustee sale and Foreclose. Do you think there are gonna be people who, you know/that could take 4 months at the shortest time frame, do you think they’re gonna be people caught and getting foreclosed on when they could have short saled but they were trying to gain the system?
Amanda: I think there’s definitely gonna be people who are gonna surprised here in Las Vegas that the banks are also gonna start foreclosing when they thought they had a long time ’cause maybe the banks hadn’t communicated with them, haven’t said anything to them about being delinquent on their home, all of a sudden
they’re gonna end up with notice of default and the foreclosure sold date. So, I don’t recommend waiting any more during a short sale. In a short sale, the biggest benefits are getting a full release of remaining debt on both of your loans. Especially 2nd Lien holders, they are going to the collection companies and they are trying to collect. And in a short sale we can settle that 2nd lien holder with or you and you’ll completely be done with your property, bot of your loans.
they’re gonna end up with notice of default and the foreclosure sold date. So, I don’t recommend waiting any more during a short sale. In a short sale, the biggest benefits are getting a full release of remaining debt on both of your loans. Especially 2nd Lien holders, they are going to the collection companies and they are trying to collect. And in a short sale we can settle that 2nd lien holder with or you and you’ll completely be done with your property, bot of your loans.
Todd: Okay! SO, if somebody wants to do a short sale here in Las Vegas or Henderson or North Las Vegas here in the area, what do they have to do?
Amanda: All you need to do is call me directly on my cellphone which is 702-496-7416.
Todd: Awesome! Well thank you for being on my show today. I just wanted to share Amanda Brown and here extraordinary short sale experience and her expertise here in Las Vegas Real Estate market with you and just some tips, just something that you could use to hopefully make a decision with. Anyway, that is my update for today and hope to see you on another video. Thanks!
Amanda Brown
Short Sale Expert
702-496-7416
Thursday, February 21, 2013
Major FHA Changes
Here’s another reason to get those FHA buyers off the fence today. Here are some of the changes that will take effect:
1. The annual MIP premium will go up .10% to 130 basis points (Change effective 4/1/2013)
2. FHA will now make borrowers pay the annual MIP premiums for the life of the loan. Prior to this, you could get rid of the MIP premium if you had paid on the loan for 5 years or acquired 22% of equity in the home, whichever was greater. Now you won’t be able to get rid of the premium. (Change effective 6/3/13)
I know inventory is tight, but we can help you with your clients and get them into a home quicker than any other lender. Don’t hesitate to call me this weekend.
Make it a great day!
Sean Uyehara
Sr. Loan Officer
NMLS# 338525
Sr. Loan Officer
NMLS# 338525
702.336.4980 Cell
702.650.7629 Office
877.801.9423 Fax
702.650.7629 Office
877.801.9423 Fax
2370 Corporate Circle, Suite 190
Henderson, NV 89074
This valuable information is brought to you by The Amanda Brown Team at Nevada Realty Solutions
Amanda Brown
Short Sale Expert
702-496-7416
Wednesday, February 20, 2013
What should I look for when hiring a short sale real estate agent?
What are the things you should look for when hiring a short sale agent to help you with your short sale? Short Sale expert Amanda Brown talks about what you should look for and why it is important to know what you are doing.
Click here
Amanda Brown
Short Sale Expert
lasvegasshortsalesnow.com
Nevada Realty Solutions
702-496-7416
brownnvrs@gmail.com
Click here
Amanda Brown
Short Sale Expert
lasvegasshortsalesnow.com
Nevada Realty Solutions
702-496-7416
brownnvrs@gmail.com
Tuesday, February 19, 2013
What's better for you? Bankruptcy, short sale, or loan mod.
Las Vegas Real Estate agents Todd Miller talks with attorney Ryan Alexander and discusses what options homeowners have in regards to foreclosure. Specifically with relationship to what impact these actions have on a homeowner and how they can be helped by an attorney. Ryan Alexander gives free consultations and can be reached at ryan@ryanalexander.us
Click here to watch.
Click here to watch.
This valuable information was brought to you by The Amanda Brown Team at Nevada Realty Solutions.
Amanda Brown
702-496-7416
Monday, February 18, 2013
What words should come out of your mouth after your short sale?
See what one Las Vegas couple had to say about their short sale experience with The Amanda Brown Team, at Nevada Realty Solutions.
Click here!
Click here!
The Amanda Brown Team
Nevada Realty Solutions
Amanda Brown
702-496-7416
brownnvrs@gmail.com
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lasvegasshortsalesnow.com
Nevada Realty Solutions
Amanda Brown
702-496-7416
brownnvrs@gmail.com
Like us on Facebook
Follow us on Twitter
lasvegasshortsalesnow.com
Sunday, February 17, 2013
When can I buy after a Foreclosure? Bankruptcy? Short Sale?
When can I buy again? I had a short sale. I had a foreclosure. I had a bankruptcy.
This is a question I get almost weekly.
Well I have the answers for you. Sean Uyehara from Prospect Mortgage explains when you can buyer again. Watch this video to find out.
When Can I buy again?
This valuable information was brought to by The Amanda Brown Team at Nevada Realty Solutions
Short Sale Experts
The Amanda Brown Team
Nevada Realty Solutions
Amanda Brown
702-496-7416
brownnvrs@gmail.com
Like us on Facebook
Follow us on Twitter
lasvegasshortsalesnow.com
Nevada Realty Solutions
Amanda Brown
702-496-7416
brownnvrs@gmail.com
Like us on Facebook
Follow us on Twitter
lasvegasshortsalesnow.com
Saturday, February 16, 2013
Nevada has second-highest foreclosure rate for fourth consecutive month
Nevada posted the nation's second-highest foreclosure rate for the fourth consecutive month with one in every 344 housing units receiving a foreclosure filing in January, RealtyTrac was expected to report today.
Overall, foreclosure activity in Nevada decreased 43 percent from a year ago, but foreclosure starts increased 19 percent from the previous month and were up 87 percent from January 2012 to a 16-month high, said Daren Blomquist, vice president of the online foreclosure listing service.
RealtyTrac showed Nevada with 1,807 notices of default in January, 792 notices of trustee sale and 759 real estate-owned sales, for a total of 3,378 foreclosure filings.
Blomquist said the spike in January could be a short-term catchup by lenders, but he expects the trend to continue over the next couple of months.
"It actually took longer that we anticipated before we saw the increase," he said. "It's like the NFL. Everything has to be reviewed, so the game is dragging on. That's what we're seeing with foreclosures."
Nationwide, there were 150,864 foreclosure filings in January, a decrease of 7 percent from the previous month and down 28 percent from January 2012. The report shows one in every 869 U.S. housing units with a foreclosure filing during the month.
Some of the largest year-over-year increases in foreclosure starts came in nonjudicial foreclosure states where legislation or court rulings stalled foreclosure actions last year. Arkansas experienced a 539 percent increase, Washington 179 percent and Nevada 87 percent.
Florida cities dominated the list of those with the highest foreclosure rates and Florida ranked No. 1 in foreclosures. Las Vegas was No. 6 among cities with one of every 283 housing units in some stage of foreclosure.
Even if Nevada legislators amend the state's robo-signing law, the market won't be overwhelmed by foreclosures the way it was with the first wave, Blomquist said. There's enough pent-up demand to take those properties off the market, he said.
"We were seeing numbers decreasing for eight straight months even before the legislation," he said.
Contact reporter Hubble Smith at hsmith@reviewjournal.com or 702-383-0491.
Nevada has second-highest foreclosure rate for fourth consecutive month
This valuable information is brought to by The Amanda Brown Team at Nevada Realty Solutions.
Amanda Brown
702-496-7416
http://www.lasvegasshortsalesnow.com
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