Oscar B. Goodman, Chairman of the Host Committee, Darrin Bush photo. Showgirls – Jennifer Gagliano (L) and Porsha Viger.
Las Vegas North End may be in the middle of a robust recovery by 2014. What lies ahead for the famous North End of the Strip? The Sahara closed one year ago May 16th. It was one of last large resorts on the North portion of the Strip before the Downtown area begins.
SBE Entertainment of Los Angeles and a private equity group are funding $300,000,000 for the rebirth of the old and torn Sahara built in 1952 at a cost of $5 Million.
The new resort will be the SLS Las Vegas. It will be a boutique hotel designed by Philippe Starch who has the magic design touch of transforming coal into diamonds.
SLS Las Vegas will open in 2014 with 1,600 rooms. The rooms will be priced between Read more ›
Homeowners Are Not At Fault That The Las Vegas Housing Market Crashed.
When the mortgage bubble exploded, Nevada was ground zero. There is no reason to pay off $350,000 in debt when the house you bought is now worth $160,000. It makes more sense for many to get out from under the mortgage burden and start fresh. Many people refuse to recognize a mistake, and then they compound the mistake by spending their entire life savings, 401(k)’s, retirement savings, and even borrow money from family to avoid accepting the reality of the situation. A House Is Not A Home! A “House” is simply drywall, stucco, carpet, wood and paint. A “HOME” represents treasured memories, personal belongings and the special people in your life. A “House” can be replaced. A “HOME” is PRICELESS!
Until you have equity in your house, all you are doing is renting. You are renting from the bank! Even with a loan modification, homeowners will still have no equity in their homes for a decade or more. Unless you have equity in your home, you are better off selling your home through a short sale and buying another home down the road (at a cost of 50% of what you paid before). The only difference between renting vs. making mortgage payments on a home with no equity is that if the roof leaks or the air conditioner goes out in the rental, your landlord pays for it. If anything goes wrong in the house you and the bank own; YOU are paying the repairs, maintenance Read more ›
The stratosphere tower thrill rides is boasting the tallest freestanding observation tower in the United States west of the Mississippi, the Stratosphere Casino, Hotel & Tower is recognizable all over the world. Visit the indoor and outdoor observation decks in the Stratosphere Tower to see a phenomenal panoramic view of Las Vegas. Stratosphere’s newest thrill, SkyJump Las Vegas, is a controlled free fall that sends you jumping off the Read more ›
A “Short Sale” (also referred to as: “Negotiated Settlement” or “Short Pay Off”) occurs when a Lender agrees to accept less than the amount owed on the original note or total payoff, as an alternative to foreclosure. If the property is worth less than the amount owed on the loan, then even if the Lender forecloses and takes back the property, they know they are going to take a loss. We can often convince a Lender that they will “do better” if they take less than what is owed now, rather than taking the property back by foreclosure.
Going over your specific situation and fully explain the short sale process.
Provide you with the necessary forms to process the short sale.
Always available to answer your questions during the entire process.
Great marketing to attract buyers and quickly sell your home .
Working directly with the lender to negotiate the short sale.
Working to delay foreclosure and possibly keep you in the home longer.
Working to get your deficiency forgiven by the lender.
Lender will also pay the fees related to the Real Estate Transaction.
Though the number of foreclosures on the market may be momentarily dwindling, opportunists continue to run scams that prey on vulnerable homeowners. If you are no longer able to pay your mortgage, read the below tips to ensure you don’t rely on the wrong people to help you during this difficult time.
A common mortgage scam is the “phantom help” scam. Under this proceeding, a company will ask a homeowner to pay a fee and, in return, have their mortgage payments reduced, or will promise to prevent a foreclosure altogether. After making payments, the company will disappear with your money, putting you even further behind on your mortgage payments.
Meanwhile, a rent-to-buy scam involves signing Read more ›
If you are thinking about a strategic default, then you must be aware of this. FICO claims to be able to notify a lender when someone has strategically defaulted, or looks ready to strategically default.
This helps lenders implement additional collection procedures to get you to repay their loss. I spoke with an expert in the industry. I wanted to know how he thinks they find the strategic defaulters.
“I think the biggest thing they look for is someone who is paying everything on time. This person has never been late on anything. All of a sudden they just stop paying their mortgage.
There were no other signs of financial problems. That looks pretty fishy to a lender. They probably get angry when they see they still paying their credit cards. The banks think that they are more important than a credit card”, this expert told us.
“You have to think like a banker to Read more ›