Buying foreclosures? Right now there is more inventory listed than there has been in years, and it is a true "buyer's market." Sophisticated investors, who follow the maxim "buy when everyone else is selling and sell when everyone else is buying" have returned to the Las Vegas marketplace. Purchasers who bought during the height of the buying frenzy in 2004 and 2005 might be the most at risk for being upside-down in their homes because of the slowing appreciation rate. Read more about how you can take advantage of Foreclosure Opportunities. And learn what the difference is between a foreclosure versus a short sale and where you can get the best deal.

Sign up for our local Las Vegas foreclosure listings to receive daily notice of of newly released bank owned properties and new listings on short sales or HUD repos and VA repos for Clark County Properties. Our foreclosure experts will then be happy to provide a free market analysis on any properties that may be of interest and help you negotiate an offer. Or call us directly at 702-985-7654. All Las Vegas bank owned repos and FHA and VA foreclosures are now listed in our local MLS, and we can set you up for an automatic update on homes that meet your specific needs. In the meantime, below are links grouped by general price range to all currently listed foreclosures and short sales.

Foreclosures and Short Sales under $100k
Foreclosures and Short Sales $100k to $200k
Foreclosures and Short Sales $200k to $300k
Foreclosures and Short Sales $300k to $400k
Foreclosures and Short Sales $400k to $500k
Foreclosures and Short Sales $500k to $750k
Foreclosures and Short Sales $750k to $1M
Foreclosures and Short Sales over $1M

And check out the real truth behind foreclosure auctions on our blog at "Foreclosure Auctions - Not What They are Cracked Up to Be!" We can actually find you BETTER deals from the bank repos listed in the Las Vegas MLS system than we can get for you at the auctions.

Trying to stop foreclosure on your home? Please read our helpful hints on how to avoid foreclosure. There are actually a number of steps you can take to keep your home if you will just communicate with your lender. There is also a new federal program allowing homeowners to refinance their adjustable rate conventional mortgages using FHA secured loans. It is also possible to do a loan modification on your home.

About 30 percent to 40 percent of the people who get behind in their payments never even contact their lender. Many times they feel like the lender can't do anything for them, and they are ashamed to admit they can't meet their commitments. And the reason many homebuyers face foreclosure aren't the result of of an unforeseen tragedy. Most are people who experienced excessive amounts of appreciation in their homes in recent years. They took out equity lines to pay for luxury items and are now having problems making the payments.
 

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