Las Vegas Auctions and Foreclosures

Free Seminars on Buying a Dream Home, Not a Nightmare!

To participate in upcoming seminars, call 702-958-7654 or register online at: Investment Seminars

Everyone in the housing market these days is looking for a “steal.” But around the country purchasers are finding that buying a property through foreclosure or at auction is not an easy process. There is no standardized format for purchasing, and banks and auction houses are selling these properties “as is, where is.” So “buyer beware” is certainly applicable.

Currently the number of Las Vegas foreclosures is among the highest in the nation, and foreclosed inventory on the market has driven down prices in the Valley substantially from the all time highs of 2005. Investors are returning to the city to pick up great deals and benefit from the strong local rental market, while first time buyers are taking advantage of affordable housing. Lower priced single family homes under $250k are even receiving multiple offers, lending strength to the belief that the Las Vegas price decline may have bottomed out.

A free auction seminar covering the details on the upcoming Hudson and Marshall Auction will be held at 871 Coronado Center Drive, Suite 100, Henderson, NV. This auction will cover 100’s of properties around Las Vegas, Henderson and North Las Vegas, with starting bids beginning in the $50k range but also covering high end luxury properties as well. This seminar will include:

getting registered to bid at the auction
catalogue of the properties to be auctioned
how to do your due diligence prior to the auction
how the auction process works
what to take with you to the auction
preferred lender on hand to pre-qualify you

A free foreclosure seminar will be held at 871 Coronado Center Drive, Suite 100, Henderson, NV. Specific foreclosures in the areas of Anthem, Seven Hills, Green Valley and Lake Las Vegas will be covered, but if you are interested in other areas agents will be on hand to look those up for you. Included at the seminar will be our “Top Foreclosure Picks” followed by an optional private tour of properties. This seminar will include information on:

the differences between foreclosures and shortsales, and how it affects you as a buyer
what to expect when bidding on a foreclosure – what the bank will and will not do
doing due diligence on foreclosure properties
a complete list of foreclosed properties in the day’s featured area
agents on hand to do a custom search of foreclosure properties that meet your budget and needs
preferred lender on hand to pre-qualify you to put an offer in on a foreclosure (required on all bank owned properties)

In addition, every client who purchases a foreclosure or auction property from the Tonnesen Team will receive discount coupons for their home inspection plus the preferred lender will contribute a new washer and dryer!**

**Purchaser must use the preferred lender for their mortgage and close escrow to receive a free washer and dryer.