Mortgage rates will fall someday. Just not this week.
Real Estate News
A board member without board approval went to this homeowner’s place of business and, according to the homeowner, was very abusive about her wanting to extend her current lease to add a tenants’ friend.
There are literally thousands of such cases that are flooding the Nevada Real Estate Division with banks’ alternative dispute resolutions cases, and also in the Federal State District Courts. Here is a quick summary of how we got to this point which has not only impacted potential sellers and buyers but also homeowner associations and their members.
Mortgage rates went up for the ninth time in 10 weeks. The good news is that they aren’t rising as fast as they were a few weeks ago.
• 7 Vintage Canyon St. – $2.3 million; 8735 square feet. Parcel No. 191-06-714-003. Seller: Amy and Paul Arenson Family. Buyer: P &J Trust.
An escrow account, also known as an impound account, is a holding area for assets that can be traded, such as money or stocks. In the case of real estate, a lender might require higher-risk borrowers to put mortgage insurance or other mortgage impounds into escrow.
Mortgage rates went up for the eighth time in nine weeks. And in that other week? They stayed the same.
• 1 Hughes Center Drive, Unit 1701 – $2.8 million; 3515 square feet. Parcel No. 162-16-814-075. Seller: Donald Krevosh Trust. Buyer: KPC Summit LLC.
The Greater Las Vegas Association of Realtors and its Young Professionals Network continued their tradition of kicking off the holiday season by making the month brighter for the children served by St. Jude’s Ranch for Children.
Buying a home takes commitment to navigate the complex purchase process. Here’s a look at how to do it right and save money — possibly thousands of dollars — in the process. The first step: Plan to stay.
In many cases, purchasing homeowners insurance coverage is required before you buy a home. This requirement can leave those who plan on becoming first-time homebuyers wondering, “What is homeowners insurance?” and “How much does homeowners insurance cost?”
A reverse mortgage is a true mortgage just as you understand one. You borrow against the value of your home, pledging the property as security. You remain the owner.
■ 20 Meadowlark Lane – $3.4 million; 9,286 square feet. Parcel No. 164-14-814-004. Seller: The Nzeregwu Living Revocable Trust dated June 30, 2006. Buyer: The Shahrestani Family Trust dated May 4, 2016.
You do, though, have the right to go to court and force “partition” — an all-cash auction sale with division of the proceeds. (Different rules may apply, by the way, if the property is owned by a married couple.)
Construction loans are short-term loans specifically designed to finance the cost to build a home. They typically have terms of 12 months or less, strict approval conditions and require a detailed schedule of your construction plans.