This website contains information about Bank Foreclosure Homes and Properties. During June of this year, there were 3,642 closings of existing single-family homes compared to 3,884 closings in May (down 6.2{4ebaaaf11605e777c095b95ec291d6177479c3aef157f5accbc77e39ee4bfa7d}) and 3,945 closings in June of 2012 (down 7.7{4ebaaaf11605e777c095b95ec291d6177479c3aef157f5accbc77e39ee4bfa7d}.) This mark is also down from the high volume of sales Las Vegas recorded shortly after the market collapse.foreclosure homes

The Notice of Default is the borrower’s official legal notice that because of the non-payment and default of the loan, a non-judicial foreclosure process has commenced and that the lender intends on proceeding with the sale of the property at a public auction.

If you price your home too much above market value, you’ll get fewer showings and offers in which the potential buyer is fishing to determine how low you’ll go. Most homes priced correctly from the beginning, sell very quickly and also bring in multiple offers.foreclosure homes

Loans that are insured or guaranteed by a Government-Sponsored Enterprise (GSE) such as Fannie Mae (FNMA) or Freddie Mac (FHLMC) or by the Federal Housing Administration (FHA) or Veterans Administration (VA) are managed until they are transferred to those entities by PNC Mortgage.

As many of you know, there has been very little bank foreclosure activity lately in the Las Vegas marketplace (an average of 270 homes per month over the last 3months-May, June, and July 2013.) However, a new development in the Las Vegas real estate scene is HOA foreclosures.foreclosure homes