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Real Estate News

Nobody likes higher HOA assessments

In 2012, the board decided to do a massive tree cutting for the duplexes, as they had been originally overplanted. There are five duplex neighborhoods. I live in area No. 5, which was determined to need the most work. The quarterly fees were adjusted according to how much work was needed for each area.

Resale Home Sales Jan. 12-18

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.

Home heating tips for the winter

I wanted to share with my readers some home-heating safety tips to help cope with the dropping temperatures in the Las Vegas Valley. The last thing we all want is a fire to start our new year.

LUXURY HOMES JAN. 15-21

• 3750 Las Vegas Blvd. South, Unit 4501 – $2.4 million; 2,126 square feet. Parcel No. 162-20-712-205. Seller: Memo Trust Investments LLC. Buyer: Jerome N. Deutsch Revocable Trust dated Jan. 7, 2004.

How to get a mortgage for $1M or more

Jumbo home loans generally require putting up to 20 percent down on your purchase and making sure your monthly mortgage payment doesn’t exceed 43 percent of your income before taxes.

Change of lenders does not change terms of loan

The mortgage document you signed probably says that the lender has the right to sell your debt. Dig it out and take a look. Not to worry, though. If that were to happen, all your original terms and provisions would remain exactly as they are, and the remaining debt should reflect your extra prepayments.

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Tips on navigating the mortgage process

Let’s be frank: It’s not easy to get a home mortgage. Nor is it impossible. In fact, millions of people apply for and obtain a new mortgage every year.

Dealing with HOA-foreclosed homes

In 2015, the Legislature passed a 60-day right of redemption. This law allows both the homeowner or their lender to regain possession of the home by paying off the association.

LUXURY HOMES JAN. 8-14

• 9812 Moon Valley Place – $2.5 million; 9,135 square feet. Parcel No. 138-19-220-012. Seller: Daniel A. Bartlett Jr. and Aimee Bartlett. Buyer: Joshua and Rachel Harris Family Trust, dated April 7, 2009.

Attorney wants to name board member in lawsuit

You could name the board member in your complaint but I would expect the attorney assigned from the association’s insurance company would produce motions to the court to have her name be dismissed.

Luxury home sales

• 10116 Summit Canyon Drive – $3 million; 12835 square feet. Parcel No. 137-36-615-026. Seller: The Meyers Family Trust Agreement. Buyer: The Omgle Family Revocable Trust.

Real-Resale Home Sales Dec 28-Dec 30

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.

Mortgage rates are down; purchases are up

Mortgage rates have fallen two weeks in a row. The last time that happened was back in September.

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