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The Property Lover here! I am looking for some people to sound off about their knowledge and experiences in the Las Vegas and Henderson Real Estate Markets.

The Property Lover site is for YOU! SO who else should be writing about how they are making their Millions in Real estate. ( NO you do not have to be a millionaire, Just have a Millionaire Mind )

Stories, Tips, Expertise…Don’t be shy. Write it down and email over for our staff to create the post. If you’d like please submit your picture or image to be published with your article. Comment below and tell us your interested! Leave your contact info. ( we won’t publish it )

Questions? Submit a comment! We will be right back at ya!

Until Later,
The Property Lover

Hello you wonderful people! Happy New Year! It is the year of the Rabbit!
Tom Las Vegas is back with some breaking news about Nevada’s foreclosure market. Looks like we may be in for a flood of foreclosure inventory in the coming months.
Read on…

If you have been following my postings for any time, you know that I have strongly believed there is lots of SHADOW INVENTORY out there. As of January 2011, (our most recent statiscics, Las Vegas has a backlog of 33 months for our SHADOW INVENTORY. This compares favorably with the national average of 49 months. Below is an interesting article fron Inman News

It may take more than four years to clear the “shadow inventory” of distressed homes lurking on the sidelines in the U.S., a factor that’s likely to undermine real estate prices as the backlog clears, analysts at Standard & Poor’s Ratings Services say.

At 49 months, the estimated time needed to clear shadow inventory at the end of the fourth quarter of 2010 was up 11 percent from the previous quarter and 40 percent from a year ago. With the lone exception of Miami, the months’ supply of shadow inventory grew in almost all of the nation’s 20 largest metro markets.

But much of the increase in the estimated months needed to clear shadow inventory is due to the fact that it’s taking longer for lenders to liquidate distressed homes — not because the number of distressed properties is growing, analysts said.

Standard & Poor’s defines shadow inventory as properties with borrowers who are 90 days or more delinquent on their mortgage payments, properties currently or recently in foreclosure, or properties that are real estate owned (REOs).

Although shadow inventory peaked in the first quarter of 2008, loans that are 90-plus-days delinquent and foreclosed properties are taking longer to become REOs. That’s once again lengthening the overall timeline for resolving troubled assets, Standard & Poor’s analysts said. . (Inman News)

Until Later!
The property Lover

Tom Las Vegas

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Check out the goodies TOMLASVEGAS is giving us today!

Foreclosures in Las Vegas are big part of our current real estate market! Shoot, they ARE the real estate market.
Now we have proof of what everyone has suspected all along…
The banks are big meanies!
Read more my lovelies…

A California appeals court ruled that U.S. Bank reneged on an alleged earlier promise to negotiate a mortgage modification. This is providing sufficient cause for the homeowner to sue the bank for fraud in a scathing ruling that contended the bank never had any intention of working with the homeowner. I can just see the Court Rooms in a couple of months, as angry homeowners line the halls with similar complaints. This may proof to be very, very interesting.

More head jerking Las Vegas Real estate news to come!

Until Later,
The Property Lover

TOM LAS VEGAS

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Hello to all of Las Vegas’ finest! TomLasVegas is back! He has promised to bring us up to date Las Vegas Real Estate news!
We have missed him! But he promises that he is back for good! Thank goodness.

While foreclosure activity increased from 2009 in 149 of the nation’s 206 metropolitan areas with a population of 200,000 or more, the metro areas with the 10 highest foreclosure rates all posted decreasing foreclosure activity from 2009

Sales of new single-family homes rose almost 18% in December 2010 to the highest rate since last spring, but builders in 2010 still suffered through their worst year since record-keeping began in 1963.

Sales jumped to an annual rate of 329,000 on a seasonally adjusted basis, with almost three-quarters taking place in the West, according to the Commerce Department. Economists polled by MarketWatch had predicted sales would rise to 299,000.

Well my darlings, there you have it!
I promise more Las Vegas Real Estate and Las Vegas Foreclosure news will be streaming right here.
Don’t agree?
Have more info?
Let us know!

Until Later,
The Property Lover

TomLasVegas

Hello Lovelies!
Its The Property Lover and I’m back from outer-space with great news!
Las Vegas property is on sale. Not just for sale, but on SALE. I’m talking Target at 3am Black Friday on sale.
We are seeing Las Vegas property sell

Las Vegas House Auction

This place is a House flipping Mecca. Do you want to get it in on the action?
Las Vegas foreclosures are hot deals and of coarse The Property Lover has the “goods” for all of her lovelies. And by “goods” I mean, an experienced house flipping group, who is willing to share their expertise and help my loyal following research, acquire, rehab, and re-sell Las Vegas foreclosures!

I will be hosting a webinar with these Flipping Masters soon!

Yours Truly will be getting the word out to let you know the details.

Until Later,
The Property Lover

Mortgage Rates are on sale!
I mean deeply discounted.
I’m talking in the 4′s people!!!!

If your buyers need a great experience with a genius loan officer, click on our mortgages in the top right of the home page and get your cheap money!

Cheap isn’t cool when referring to someones hair style or shoes, but it damn sure is when you talkin’ about MONEY!
What does it all mean? you ask…
Well your buyers can qualify for more MONEY
and
keep their payments low low low!
So many of you already have taken advantage of such a phenomenon that mortgage applications

Falling rates

Until later,

The Property Lover

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The Property Lover Presents…News from TOMLASVEGAS

Tom Las Vegas

The U.S. Federal Reserve on Monday published a long list of rules outlining new requirements that will govern compensation to mortgage professionals and disclosures to borrowers regarding their home loans.

Among the new regulations are a ban on controversial yield spread premiums, and a stipulation that requires lenders to provide borrowers with a payment table, which includes a “worst case” scenario showing the maximum interest rate and mortgage payment they might see over the life of the loan.

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Like most girls I believe hard to limp is the wrong direction!

The Property Lover

Not so much when it comes to home lending parameters though!

I have just witnessed a great little Guru come to our lovely Las Vegas conference room and give us an ingenious program on how financing (or rather the option to finance) is now back to making sense.

AND … If it don’t make dollars then, my savvy Las Vegas investors you know, it don’t make sense!

So let me give you the break down on how to make more of those dollars.

Yes Dollars! Crispy green Federal Reserve Notes. Hell, I’ll even take them sweaty and wrinkly. Just get into my pocket!

But I digress.

Here’s the deal. You have a house, or a listing and you have a buyer who doesn’t qualify. ( Does this sound familiar?)

How many deals ( and by deals I mean dollars ) have you lost due to buyers lack of lender approval?? I know this brings up traumatic images for you, my lovely ones, but you must face the reality that other options are now necessary. You must bring in the newer bigger guns.

One such option is, well The Option.

The Lease Option to Purchase!

We have now teamed up with some savvy big city Hollywood types that are coming out here to our quaint Las Vegas community ready to help facilitate your buyer gaining the future option to purchase the Las Vegas home they currently can’t qualify to buy through today’s strict lending practices.

They will buy the Las Vegas property and with a 5-10% Option Fee, they will lease to purchase the house to your buyer!

That’s it! Simple!

How many deals ( dollars) could you have made over the last year if had just know me.

Lots!

I can not in good conscience send his personal cell number out to the world, so you must email me a request.

These guys will custom tailor each option so it makes sense for Seller, Agent, and Buyer!

Send the request to:

Trina@ThePropertyLover.com

Until next time,

The Property Lover

PS. If you haven’t gotten the free house flipping guide created by A&E’s TV show stars of Flip This House, you are missing out! Go to  get it now! Click here

Hello my local Las Vegas real estate lovers!

Yes That was a Swimming Pool

You would have to wearing blinders to not notice all the boarded up real estate floating around town!

The Las Vegas real estate market is HOT! We know this.

The bathroom facets and light fixtures popping up on e-bay are hot too! Many houses are being slowly stripped as they sit vacant. Some damage done by disgruntle home owners and some done local thieves.

Either way this brings up the issue of a good Las Vegas rehab project.

I have a few tips for those brave enough to venture out into the world of new plumbing and Home Depot accounts! It’s not as scary as most people make it, but you do have to find honest contractors.

Yes Plural.

So here is where the fun begins!

If your not careful your Las Vegas fixer could turn into the money pit! It’s my experience that one version of bringing a house up to par and another are surprisingly quite different. As well as a what it would cost to say… Paint the house.

Or set this tile, patch the roof, or run electrical.

So since every contractor’s version of cost is so different…

You must first walk the property. Perhaps even with an expert eye to accompany you.

List all the needs and wants separately. Type up your list and ask each contractor to come in a bid separately on each item!

Now you can pick and choose who will do the cheapest most efficient job. You may also save so much money that you can do the extras you thought would put you over budget! ( That is why you bid out the extra “wants” along with your “needs”)

That’s it! That one trick will save you ten’s of thousands of dollars over your fix-up career! Really it sounds simple, but you would be surprised how much work is left off of a “total rehab job” quote and how much extra pad is placed in there by the average unscrupulous Las Vegas GC!

In real life, I actually had two contractors quote me OVER $10k to patch a roof that only needed new vent covers! Total actual job cost… $200.00!!!

You can thank me later my loved ones!

Until Later,

The Property Lover

PS. I am writing to you over the deafening sound of a jack hammer. These poor people are completely tearing up a pool that was put into expansive soil.

Not only did the home builders not pack the soil correctly, the pool contractors didn’t either. The people I hear spent over 100K on their yard and were NEVER able to even fill the pool before it started to sink! So if you don’t think you should get several opinions on your Las Vegas rehab work, take a look at the attached photo!

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WILL THE DOLLAR FALL??

This e-mail is to my “financially focused” friends.  Many of you already follow me on the BLOG, The Property Lover…I am Tom LasVegas.

Las Vegas Real Estate Dollar

You may also recognize that I consider myself a “shirt-tail-economist.” Thus, I will debate the question, Will The Dollar Drop Further. As you probably already know, the U.S. Greenback has been rising against all foreign currencies in recent weeks.  Is this good in the long-term or not?  My feeling is that the good ole Greenback will need to fall within the next 6 to 12 months to keep our exporting goods competitive on the foreign markets.  As the U.S. dollar strengthens, it makes products produced in the United States more expensive.  With the world economy mired in quick-sand, this is not a good strategy for our American manufacturing plants nor employees.  If the U.S. Dollar is allowed to strengthen against the world currencies, it could trigger yet further economic declines.  The United States cannot afford to sink further economically.

I have prepared a graph (found below) which speaks for itself.  Clearly the U.S. Dollar must fall further, if even just “barely”.  I am anxious to hear your opinions.  Some of the best will be published on the BLOG, The Property Lover.

Looking forward to your comments as always!