INSTANT FORECLOSURE PROPERTIES ACCESS, - FREE!
Instantly see the top list of Las Vegas Foreclosure homes in each price category. Each one handpicked by top Las Vegas REO/Foreclosure specialist Andreas Adrian for his investor clients.

Here is the Top 25 Foreclosure list for the week of February 14 -21, 2010

HOMES	View Top 25 List
Las Vegas Top 25 list under $50,000	View list here >>> Submit Bid
Las Vegas Top 25 list between $50,000 and $100,000	View list here >>> Submit Bid
Las Vegas Top 25 list between $100,000 and $250,000	View list here >>> Submit Bid
Las Vegas Top 25 list between $250,000 and $500,000	View list here >>> Submit Bid
Las Vegas Top 25 list between $500,000 and $1,000,000	View list here >>> Submit Bid
Las Vegas Top 25 list over $1,000,000	View list here >>> Submit Bid

Click here to submit your Bid on your favorite property. Or call to submit your bid. Call toll free: 1-877-822-7163. (9 a.m. - 5:00 p.m. PST)


Investors are back Las Vegas, - and they are buying right now! Current Foreclosure Report: 01-27-10 The battle over Foreclosure Homes and Condominiums is raging throughout the Las Vegas valley. Local, domestic and International bargain hunters are converging in the Vegas Valley to snap up basically everything under $200,000. Most foreclosure (REO) properties receive multiple offers within days. Buyers try to outbid themselves, offering more than the asking price to get a good deal. And most of the best deals are those properties that are bank owned, or so called REO properties. Search for Foreclosure Properties More statistics here >>>		Top Las Vegas Foreclosure Agent of the week: Andreas Adrian


		If you are in the market to buy a Foreclosure property, REO or Short Sale in Las Vegas, you should call me first. I have some fantastic deals for you. (702) 682-2902

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LAS VEGAS FORECLOSURE STATISTICS as of:	01-27-10
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Available Properties The Las Vegas inventory and foreclosure report is brought to you by Las Vegas Foreclosure specialist Andreas Adrian of Majestic Properties.
		1-27-10	06-29-09
Homes available - total For Sale in Las Vegas (incl. short sales, bank owned)		10,400	12,584
Homes available - Short Sales		3,925	4,028
Homes available - Bank Owned - REO		1,411	1,893

Condos/Townhomes - total For Sale in Las Vegas (incl. shorts & reo's)		1,837	3,086
Condos/Townhomes - Short Sales		878	1,276
Condos/Townhomes - Bank Owned - REO		359	657

High-Rise Condos - total For Sale in Las Vegas (incl. shorts & reo's)		607	226
High-Rise Condos - Short Sales		196	28
High-Rise Condos - Bank Owned - REO		67	3

Multi-Family buildings - total For Sale in Las Vegas (incl. shorts & reo's)		108	196
Multi-Family buildings - Short Sales		37	58
Multi-Family buildings - Bank Owned - REO		10	46

Land - total For Sale in Las Vegas (incl. short sales, bank owned)		990	1,148
Land - Short Sales		80	45
Land - Bank Owned - REO		110	59

Explanations: "total For Sale in Las Vegas" means all available listings of that category, listed in the MLS System of the GLVAR (Greater Las Vegas Association of REALTORS), and includes all short sales and bank owned properties shown separately below. It includes properties in North Las Vegas, Summerlin, Boulder City and other areas within the Las Vegas valley.

LAS VEGAS FORECLOSURE STATISTICS as of:		01-27-10
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Properties under contract, waiting to close
	01-27-10		06-29-09
Homes pending - total Pending in Las Vegas (incl. short sales, bank owned)	10,606		10,152
Homes pending - Short Sales	7,165		4,844
Homes pending - Bank Owned - REO	2,419		4,185

Condos/Townhomes - total Pending in Las Vegas (incl. shorts & reo's)	2,623		2,308
Condos/Townhomes - Short Sales	1,893		1,108
Condos/Townhomes - Bank Owned - REO	528		1,002

High-Rise Condos - total Pending in Las Vegas (incl. shorts & reo's)	236		21
High-Rise Condos - Short Sales	164		13
High-Rise Condos - Bank Owned - REO	48		2

Multi-Family buildings - total Pending in Las Vegas (incl. shorts & reo's)	106		66
Multi-Family buildings - Short Sales	58		27
Multi-Family buildings - Bank Owned - REO	34		37

Land - total Pending in Las Vegas (incl. short sales, bank owned)	21		26
Land - Short Sales	10		7
Land - Bank Owned - REO	5		7

Explanations: "total For Sale in Las Vegas" means all available listings of that category, listed in the MLS System of the GLVAR (Greater Las Vegas Association of REALTORS), and includes all short sales and bank owned properties shown separately below. It includes properties in North Las Vegas, Summerlin, Boulder City and other areas within the Las Vegas valley.

How to avoid Foreclosure?

Here are some tips provided to you by the Federal Government.

This is an excerpt from the governments website at www.hud.gov.

Tips for Avoiding Foreclosure

Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them?

Don't ignore the letters from your lender
Contact your lender immediately
Contact a HUD-approved Housing Counseling Agency
Toll FREE (800) 569-4287
TTY (800) 877-8339

If you are unable to make your mortgage payment:

1. Don't ignore the problem.

The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.

2. Contact your lender as soon as you realize that you have a problem.

Lenders do not want your house. They have options to help borrowers through difficult financial times.

3. Open and respond to all mail from your lender.

The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.

4. Know your mortgage rights.

Find your loan documents and read them so you know what your lender may do if you can't make your payments. Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office.

5. Understand foreclosure prevention options.

Valuable information about foreclosure prevention (also called loss mitigation) options can be found on the internet at portal.hud.gov/portal/page?_pageid=33,717348&_dad=portal&_schema=PORTAL .

6. Contact a HUD-approved housing counselor.

The U.S. Department of Housing and Urban Development (HUD) funds free or very low cost housing counseling nationwide. Housing counselors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance. Find a HUD-approved housing counselor near you or call (800) 569-4287 or TTY (800) 877-8339.

7. Prioritize your spending.

After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate. Delay payments on credit cards and other "unsecured" debt until you have paid your mortgage.

8. Use your assets.

Do you have assets-a second car, jewelry, a whole life insurance policy-that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income? Even if these efforts don't significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home.

9. Avoid foreclosure prevention companies.

You don't need to pay fees for foreclosure prevention help-use that money to pay the mortgage instead. Many for-profit companies will contact you promising to negotiate with your lender. While these may be legitimate businesses, they will charge you a hefty fee (often two or three month's mortgage payment) for information and services your lender or a HUD approved housing counselor will provide free if you contact them.

10. Don't lose your house to foreclosure recovery scams!

If any firm claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home! Never sign a legal document without reading and understanding all the terms and getting professional advice from an attorney, a trusted real estate professional, or a HUD approved housing counselor.

Source: http://www.hud.gov/foreclosure/index.cfm

More informational links here: Who may handle Escrow Settlements?

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