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Las Vegas Real Estate Blog

Your Las Vegas real estate information source. The latest news, new construction, scandals, additions to the strip and other Las Vegas and related information.

Tuesday, March 13, 2007

Las Vegas foreclosures

Today, the latest foreclosure numbers were released. Over 2,400 foreclosures in Clark County with an estimated 6,700 that may go into foreclosure. The reason for the high foreclosure rate across Clark county and the rest of the nation can be attributed to the high number of ARM (adjustable rate mortgage) that were issued in the last few years. Home owners aren't the only ones feeling the pinch, according to the local news several mortgage companies have also gone out of business.

While this is bad news for a lot of residents, its great news to investors and home buyers. Interest in Las Vegas real estate as an investment property has steadily increasing for the last several months.


Related:

Las Vegas Foreclosures 2005

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2 Comments:

At 10:20 AM, Anonymous Anonymous said...

People might avoid foreclosure more often if they really understood all the costs that go into home ownership. housemath.us is a good web-site for calculating mortgage payments, property tax, and all of the other costs that go into owning a home.

 
At 10:23 AM, Anonymous Anonymous said...

People might not face foreclosure as often if they understood all the costs that go into owning a home. housemath.us is a good site for calculating these costs.

 

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