Many associations have the policy whereby the security service will not allow a guest or vendor vehicle enter into their communities without a valid driver’s license. Technically, those drivers are violating state law and there is a good possibility that they don’t have current insurance on their vehicle. As to asking guests and vendors to show proof of current liability insurance, there is no Nevada Revised Statute 116 law that would prevent such a policyourut yur association members may push back on such a policy as being too extreme.
Real Estate News
Whether you’re moving to a new home or buying a home for the first time, you need to make sure you’re working with a mortgage lender who will find the best mortgage rates, take steps to make sure you will close on time and provide you with guidance and support during the process.
Q: Two months after I bought a house, I discovered the seller had run an illegal sewer line into a neighbor’s property in order to make it appear as if the house had a sewer-line connection.
Mortgage rates drifted downward in a week in which minutes of the most recent Fed meeting loomed large.
I want to share my story and that of my siblings. There are three of us. We inherited a timeshare from our mother, and we paid the yearly fees. It was great for many years, but the yearly cost kept climbing, and we all wanted to sell it when our mom passed away.
The Las Vegas high-rise condo market is on the rebound. The market was hard hit with the onset of the Great Recession a decade ago that kept many prospective buyers from closing on sales as financing dried up and some who did buy suffered foreclosures.
▶ 16 Soaring Bird Court – $3.8 million; 12,808 square feet. Parcel No. 164-14-313-003. Seller: Chu Family Trust dated Oct. 16, 2007. Buyer: Augustin Paris.
Today, I have asked attorney John E. Leach with local law firm, Leach Johnson Song &Gruchow, to take over the column and talk about dealing with architectural violations in our communities.
Editor’s note: Listings include the resale home’s parcel number. The address listed is the homebuyer’s mailing address and not the actual location of the resale home. About 90 percent of these addresses reflect the home purchase. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes. The information is provided by Accudata, a local research firm. For the complete listing, visit RJRealEstate.Vegas.
Editor’s note: Listings include the resale home’s parcel number. The address listed is the homebuyer’s mailing address and not the actual location of the resale home. About 90 percent of these addresses reflect the home purchase. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes. The information is provided by Accudata, a local research firm. For the complete listing, visit RJRealEstate.Vegas or on Facebook at www.facebook.com/RJRealEstateLV.
The Legislature was back in session Feb. 6. As you can imagine, hundreds of proposed bills will be reviewed by the Assembly and the Senate. Many of our state representatives will be serving for the first time. They will need information and some history when reviewing the proposed legislation that will impact homeowners and their associations.
▶ 3590 Tobias Lane – $1.4 million; 6,472 square feet. Parcel No. 178-06-202-022. Seller: Daniel T. Callahan. Buyer: John S. Shaw and Debra K. Shaw.
If your property insurance premiums weren’t paid up to date and the house burned down, the lending institution — the bank — would be left with nothing but a vacant lot as security for the loan. If your property were ever seized and sold at auction for unpaid back taxes, the bank would end up with no security for your debt. That’s why the bank wants to be sure those bills are paid as they become due.
Mortgage rates went up this week as it became clear the Federal Reserve might hike short-term interest rates as early as next month.
Technically, you sold the mobile home, subject to the buyer paying off the loan, in the same manner that a bank would have a mortgage on it. Whoever initiated the foreclosure process should have noticed you of the default in assessment payment by your buyer, assuming that the loan was recorded with the County Recorder’s office.
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