The real estate market in Las Vegas Nevada is one of the most profitable in the United States if not in the entire world. The casino and gaming industry has invested over 20 billion dollars into the Las Vegas area in the past 13 years and the available land resources combined with this fantastic economic growth has lead to a great market for home buying and selling. The median price for homes for sale in the Las Vegas real estate market reached to the record breaking amount of $312,000 in December of 2005. That price amount is up well over thirteen percent from the figures of the same time in 2004. The median price for luxury condominiums in the Las Vegas real estate market in 2005 was around $172,000. So far for 2006 the real estate market
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And while states differ in some areas of procedure as it pertains to the mortgage and lien foreclosure process, the system is fairly standard and the outcome remains essentially the same. Anyone who is considering the purchase of a property by bidding at a foreclosure auction must take some time to consider the factors which will affect the bidding process, how the title to the property may be passed through the system, and what sorts of clouds or claims against the title may survive the process and affect their ability to sell the property at a later time without having to experience the difficulties and expense of additional legal remedy. By the time that a property enters the foreclosure process, there are usually any number of legal issues that the current owner may be facing. You have to believe that if an owner is behind on his or her home payments to the extent that the mortgage holder is ready to foreclose, that the mortgage is not the only area where the owner is having difficulty keeping the payments current and the bills paid on time. Issues such as divorce, the death of an owner, illness, loss of a job, tax liabilities, mortgage adjustments, and repairs can all have almost immediate impacts on the ability to keep creditors at bay. As a potential purchaser or bidder at auction it is imperative that you be informed and aware of possible undisclosed liens or claims which may adhere to a property. In a series of articles to be posted in the next few days and weeks, I will reveal a number of ways in which you can ensure that you are going to both your lender or financier if needed, and to the auction fortified with sufficient information and the proper
And while states differ in some areas of procedure as it pertains to the mortgage and lien foreclosure process, the system is fairly standard and the outcome remains essentially the same. Anyone who is considering the purchase of a property by bidding at a foreclosure auction must take some time to consider the factors which will affect the bidding process, how the title to the property may be passed through the system, and what sorts of clouds or claims against the title may survive the process and affect their ability to sell the property at a later time without having to experience the difficulties and expense of additional legal remedy. By the time that a property enters the foreclosure process, there are usually any number of legal issues that the current owner may be facing. You have to believe that if an owner is behind on his or her home payments to the extent that the mortgage holder is ready to foreclose, that the mortgage is not the only area where the owner is having difficulty keeping the payments current and the bills paid on time. Issues such as divorce, the death of an owner, illness, loss of a job, tax liabilities, mortgage adjustments, and repairs can all have almost immediate impacts on the ability to keep creditors at bay. As a potential purchaser or bidder at auction it is imperative that you be informed and aware of possible undisclosed liens or claims which may adhere to a property. In a series of articles to be posted in the next few days and weeks, I will reveal a number of ways in which you can ensure that you are going to both your lender or financier if needed, and to the auction fortified with sufficient information and the proper