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Research from real estate data aggregator Attom shows through the first half of 2024, Nevada was fourth in foreclosures nationwide, with 0.19% of homes in active foreclosure, ranking behind New ...
The property is quickly resold after making few, or only cosmetic, improvements. Illegal property flipping often involves collusion between a real estate appraiser, a mortgage originator and a closing agent. The cooperation of a real estate appraiser is necessary to get a false, artificially inflated appraisal report.
Regency Towers, built in 1974, was the first high-rise condominium property to open in the Las Vegas Valley, [1] with 226-units. The property was initially unsuccessful, selling only eight units before going into foreclosure. In the late 1990s, Las Vegas was the fastest-growing area in the United States. [2]
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
RealtyTrac has issued its Year-End Metropolitan Foreclosure Market Report for 2010. The figures are, for the most part, grim. The report shows that foreclosure activity increased from 2009 in 149 ...
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