• RT @ResShortSales Fannie & Freddie Report 27% Increase in Short Sales and Deeds In Lieu | Las Vega.. http://bit.ly/d3CXz3 #

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• San Diego in December…Real Estate Market Domination Summit! http://bit.ly/96hOGi #
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Attention Las Vegas, Nevada Real Estate Agents:

Are you advising your eligible clients to Elect to Mediate and use the Nevada Foreclosure Mediation Program? If not, why?

• What if mediation is in the best interest of your client?
• Did you know that electing to mediate can postpone a trustee sale?
• Did you know that short sale approval is one of the possible outcomes?

Come and hear Attorney Robert Noggle discuss how the Nevada FMP can assist your client obtain short sale or loan modification approval.

Robert will also entertain general questions about tax issues, foreclosures, and asset protection.

Also scheduled to appear is noted bankruptcy Attorney Michael Bohn.

Our current housing crisis is a new phenomenon. It is testing the limits of most general practitioners. Unfortunately, many real estate licensees, attorneys, and tax professionals do not understand the issues.

Edutainer Steven Kitnick will moderate.

Come and ASK NOGGLE and get up-to-date information that you can rely upon.

Wednesday, September 15th 9am-12:30pm ~ Lunch included!

iMortgage 9139 W. Russell Rd., #100, Las Vegas, NV 89148
(behind the Bank of George ~ 215 & W. Russell Rd.
Jerry Tarkanian Way to W. Oquendo Rd. ~ Desert Canyon Business Park).

$20.00 Check or Cash at the door

To Register, go to:  www.NevadaCE.com
For further info, call (702) 255-8722

Limited to 50 attendees – Bring your clients!

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• Ask Attorney Robert Noggle – Nevada Foreclosure Mediation Program Update http://bit.ly/aIgiV7 #

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Become a Trusted Advisor…Become a Certified Foreclosure Alternatives Consultant

(Behind the Bank of George in the Desert Canyon Business Park –
215 & W. Russell Rd. Take Jerry Tarkanian Way to W. Oquendo Rd.)

Register today at www.shop.stevenkitnickseminars.com

This course is approved by the Nevada Real Estate Commission for 7 hours of general continuing education credits CE.5094000-RE. The course is sponsored by Steven Kitnick Seminars.

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

A CFAC℠ genuinely cares about their clients, always places the clients’ interest above their own, and never ventures outside of the scope of their expertise.

A CFAC℠ encourages clients to partner up with other trusted advisors such as attorneys, CPA’s, and financial consultants.

A CFAC℠ educates the client so they can make an informed decision as to   what’s in their “best interests.”  If the client determines that the short sale is their best option, no one is better trained to successfully process a short sale transaction than a CFAC℠.

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The fiscal responsibility of a homeowner — in Henderson and everywhere else — extends beyond the mortgage’s basic principal and interest repayments. Homeowners are also responsible for the real estate taxes on the home and its insurance premiums, too.

Failure to pay taxes can lead to foreclosure, and failure to insure is breach of your mortgage contract.

As a homeowner, you have a choice about how you manage your real estate tax and insurance bills.  You can choose to pay them from your own bank account when the bills come due, or you can choose to pay 1/12 of the annual bill to your mortgage servicer each month, and then let your servicer pay the bills on your behalf when they come due.

Not surprisingly, servicers prefer the latter method — it reduces two major lender risks:

1. That the home’s real estate taxes go delinquent and are sold to a third-party
2. That the home endures catastrophic damage during a lapse of insurance coverage

In theory, when the servicer is paying the bills, the home’s taxes are always current and the home’s insurance is always paid. This method of managing taxes and insurance is commonly called “escrowing”.

To calculate a home’s monthly escrow payment is simple. Just take the sum of the annual real estate tax bills and insurance bill, then divide it by 12 months in the year.

As a example, a $4,000 annual tax bill with a $800 insurance policy = $4,800 annually = $400 paid into escrow monthly. These monies are collected as part of the regular mortgage payment along with the mortgage’s scheduled principal + interest payment.

Homeowners choosing to escrow tend to get the lowest rate, lowest fee loans. This is because lenders often charge a premium to “waive escrow” (i.e. pay their own taxes and insurance). Escrow waiver fees vary between banks, but can range up to half-percent of the amount borrowed. The larger the loan, the stiffer the penalty in dollar terms.

Choosing to waive escrow can also raise your mortgage rate by up to 0.250 percent.

If you’re unsure whether escrowing is right for you, talk to your loan officer and/or financial planner. There’s good reason to go either route depending on your profile.

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This week marks the start of August, a popular vacation month for Americans. Maybe you’re among the many in Henderson that will leave town for a few days — or a few weeks.  But, before you leave your home, make sure you don’t leave clues for burglars.

Sure, there’s the basics like using an alarm system, locking your doors, and having a neighbor pick up your mail, but there’s additional precautionary steps you should follow, too.  In a piece titled “Tips a Burglar Won’t Tell You“, NBC’s The Today Show shares some of them. They’re tips gleaned for a series of interviews with ex-convicts.

Among the advice:

1. Have neighbors remove fliers and other solicitations from your driveway and/or mailbox
2. If you don’t have a safe, hide valuables in a child’s room — not in a sock drawer
3. Don’t announce your vacation on Facebook, Twitter or other websites

It’s impossible to protect your home from burglary completely, but you can take steps so that your home is not the most obvious target on the block. Start with common sense protection, then follow the extra tips from the video.

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Las Vegas Real Estate weekly report as of August 1, 2010 includes a 90-day snapshot of both median single family Las Vegas home sales prices and average days on the market (from listing to closed date).

Considering a Las Vegas Home purchase?  Search all Las Vegas Homes for Sale using our free, interactive map-based search.

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Learn How to Become a Trusted Advisor…Become a Certified Foreclosure Alternatives Consultant

(Behind the Bank of George in the Desert Canyon Business Park –
215 & W. Russell Rd. Take Jerry Tarkanian Way to W. Oquendo Rd.)

Register today at www.shop.stevenkitnickseminars.com

Download CFAC Course Flyer

This course is approved by the Nevada Real Estate Commission for 7 hours of general continuing education credits CE.5094000-RE. The course is sponsored by Steven Kitnick Seminars.

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

A CFAC℠ genuinely cares about their clients, always places the clients’ interest above their own, and never ventures outside of the scope of their expertise.

A CFAC℠ encourages clients to partner up with other trusted advisors such as attorneys, CPA’s, and financial consultants.

A CFAC℠ educates the client so they can make an informed decision as to   what’s in their “best interests.”  If the client determines that the short sale is their best option, no one is better trained to successfully process a short sale transaction than a CFAC℠.

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