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House hunters can’t be as picky in Las Vegas today as they were a year ago, especially if they’re looking for a bargain on a foreclosure home. There’s actually a shortage of those homes, roughly one month’s supply at current sales levels, local Realtors say.
WASHINGTON — People who have lost their homes in foreclosure could be given another chance to buy a house under a bill introduced Thursday in Congress.
WASHINGTON — President Barack Obama unveiled mortgage relief efforts Tuesday, including several aimed at helping service members trapped in the housing downturn or victimized by lenders.
Once identified as ground zero for mortgage fraud, Las Vegas no longer is among the nation’s top five regions for mortgage fraud per capita, according to CoreLogic, a consumer financial information and research firm.
As miserable as the housing market has been in Las Vegas, Sherry Stidhum didn’t want to sit on the sidelines waiting for the upswing. The high school teacher at Advanced Technologies Academy purchased her first home last year in the midst of Southern Nevada’s crippling housing bust, paying $100,500 for a three-bedroom, 1,660-square-foot foreclosure home in the master-planned Aliante community of North Las Vegas.
Banks significantly stepped up foreclosure starts in Nevada and other Western states in January, but the numbers are down from a year ago, Discovery Bay, Calif.-based ForeclosureRadar.com reported Thursday.
