Las Vegas Real Estate News

AG hits foreclosure processor with fraud allegations

Nevada’s attorney general has sued foreclosure specialist Lender Processing Services Inc., claiming it has been involved in widespread fraud involving robosignings and other problems.

16 December 2011
By Steve Green

Federal jury convicts 'Bonnie and Clyde of mortgage fraud'

A couple once dubbed “the Bonnie and Clyde of mortgage fraud” were convicted of multiple counts by a federal jury in Las Vegas on Thursday.

15 December 2011
By Steve Green

Nevada going on five years as foreclosure capital of U.S.

Dreary conditions continued in the Nevada residential real estate market in November, with the state leading the nation in foreclosures for the 59th consecutive month.

14 December 2011
By Steve Green

State's top court to rule on constitutionality of its foreclosure mediation program

The grim reality of real estate in Southern Nevada.

The Nevada Supreme Court is in the unusual and uncomfortable position of deciding whether a state program that it operates is constitutional. The court has since 2009 operated a state mediation program, providing a forum in which homeowners and lenders see if they can negotiate a deal to avoid foreclosure. The Legislature created the program after the housing bubble burst and the state became the nation’s foreclosure capital. It has so far served more than 12,000 Nevada homeowners.

14 December 2011
By Cy Ryan

Sandoval goes against GOP grain, promotes foreclosure assistance

Gov. Brian Sandoval’s response to Nevada’s foreclosure crisis could be described as a keen example of dogma clashing with reality. Or, as his critics put it, a failure to hold true to his professed philosophy of avoiding government interference in the private sector.

14 December 2011
By Anjeanette Damon

NLV's Park Highlands land auctioned for $21 million

The vacant desert at left was to be developed as Park Highlands, a 2,675 acre community in North Las Vegas. Work began in 2007 with the expectation that people would begin moving in in 2008. This February, the projection for completion of the first homes was moved to 2010. Now, who knows?

Everything right and everything wrong with the Southern Nevada residential real estate market was illustrated during a bankruptcy auction this week for 1,340 acres in the stalled Park Highlands planned community in North Las Vegas.

13 December 2011
By Steve Green

Catching up with Tainter and Harsch

If there’s anything that recent times have taught us, it’s that when you sit down with someone who’s in real estate, you probably shouldn’t open a conversation with a traditional question.

12 December 2011
By Bruce Spotleson

Study confirms role of home flippers in Nevada housing price collapse

Houses sprawl across the Las Vegas Valley. When the housing bubble burst in 2007, Las Vegas became the No. 1 area in foreclosures nationwide.

A new study confirms the big role investors, including "house flippers," played in Nevada’s home price run-up and its subsequent near collapse. Researchers at the Federal Reserve Bank of New York last week reported that their study "revealed some astonishing facts."

11 December 2011
By Steve Green

Providence community celebrates its second major park opening

Knickerbocker Park opened Saturday in the Providence master planned community. The $2.2 million, 15-acre park was funded solely by home sales and the Providence Masters Homeowners Association.

Almost a year after breaking ground for a new park in the northwest valley, Knickerbocker Park opened Saturday in the Providence master-planned community at 10695 Dorrell Lane. Las Vegas city officials and the Providence community celebrated its opening with a ceremony and the unveiling of the new PD dog mascot.

10 December 2011
By Aida Ahmed

Bankrupt Church at South Las Vegas settles with lender

A bankrupt Henderson church has settled its differences with a bank that has been trying to foreclose on its property.

8 December 2011
By Steve Green

Real estate report shows strong sales, weak prices

New data Thursday showed continuation of a familiar pattern for the Las Vegas valley housing market: Sales are strong, but pricing is down from 2010 levels.

8 December 2011
By Steve Green

Foreclosure registry unanimously approved

The Las Vegas City Council approved an ordinance Wednesday that will require owners of vacant properties in foreclosure to register with the city or face fines and potential jail time.

7 December 2011
By Conor Shine

Plummeting home prices entice first-time homebuyers

Jody, left, and Taya Compeau are shown in the living room of their new home Sunday, Dec. 4, 2011. With the couple are their dogs Dozer, a 2-year-old Bullmastiff, and Nina, a 1-year-old Chihuahua-Pomeranian mix.

The worst housing market in 70 years has created a recession-flavored version of the American dream for first-time home buyers in Las Vegas. New buyers have helped drive the healthiest home resale market in Southern Nevada since the bubble popped.

6 December 2011
By Dave Berns

Berkley's husband flipped houses for profit, but is that news?

Last week, Republicans circulated a story to Nevada reporters about Rep. Shelley Berkley’s husband, Dr. Larry Lehrner, who’s been buying up and reselling foreclosed properties in Las Vegas. This week, no one’s talking about it.

6 December 2011
By Karoun Demirjian

3 more notaries face charges in robo-signing scandal

Three more notaries face criminal charges in the Las Vegas-area foreclosure robo-signing scandal that erupted Nov. 16. They are charged with misdemeanor counts of notarization of the signature of a person not in their presence.

5 December 2011
By Steve Green
« Older Newer »