With the recent pass of the Fiscal Cliff deal struggling homeowners in Las Vegas and throughout the country will continue to avoid paying taxes on forgiven mortgage debt from short sales or loan modifications. The tax break was due to expire at the end of 2012 but will now go through the end of 2013.
So what does this mean to struggling homeowners here in Las Vegas? Without the Debt Relief Act, forgiven debt resulting from a short sale or loan modification would be treated as taxable income. This could be a potentially ugly situation for a homeowner who is already having a tough time paying the bills. Take for example a homeowner in the 25% tax bracket short sales their home for $100,000 that they owed $200,000. They could potentially owe the IRS $25,000!
If you are a struggling Las Vegas homeowner or your home is significantly upside down this is an excellent opportunity for you. Many banks are now offering cash incentives to homeowners to short sale. Imagine selling your upside down home, receiving $2500 to $30,000, not paying taxes, and getting a fresh start. This is reality. Many homeowners that have been previously denied a loan modification are now getting the help they need to stay in their home too.
What you need to do is act fast. Get help now. Unfortunately many homeowners wait till it’s too late. All you need is the right real estate professional, who is experienced in short sales and can show you proof. Be leery of companies who outsource their short sales to third party companies to negotiate and never pay for help. For a confidential consultation to discuss your options The Chupa Team is always available to help. Call today (702)348-6135.
Goregeous Las Vegas HUD Home in Centennial Hils
Check out this awesome Las Vegas HUD Home. Very spacious with 4 bedrooms and boasting 2500 square feet priced at $191,000. With the current Las Vegas home inventory at an all time low many home buyers are unable to purchase a home due to cash investors and multiple offers. If you are looking for a home in Las Vegas you owe it to yourself to align with an agent who is well versed in all avenues of real estate. HUD Homes allow a special advantage to first time home buyers. To learn more click Insider Secrets or call us at 702-234-7467.
Northwest Las Vegas Custom Home
Custom single story HUD home, spaciously laidout with 5 bedrooms. Custom touches throughout including vaulted ceiling, gourmet kitchen with granite counters and custom cabinetry. This home is perfectly situated on a huge cul-de-sac lot with covered patio, RV/boat parking, and a swimming pool.Check out the Virtual Tour: Custom HUD Home.If you are tired of losing out on buying a home here in Las Vegas you consider a HUD home. Also align yourself with an experienced real estate professional.To schedule a private showing or obtain a list of homes yet to hit the market visit Hot New Listings or contact us at 702-800-5744.
Las Vegas HUD education – Free Continuing Education
Join us March 23rd for this free HUD class on proper HUD contract submission. With inventory levels at an all time low in Las Vegas you owe it to your clients to be knowledgeable in all areas of Real Estate. Sovereign Realty is committed to providing our agents as well as our clients with current market information and education.
This class is free CE – contracts credit and is approved by the Nevada Real Estate Comission. This will be great class and we will have lots of fun, food, and drinks as well. You must RSVP as seating is limited and the instructor will need your information in advance for CE certificates. RSVP at Sovereign Education
Calico Ridge Las Vegas HUD Home
This spectacular Las Vegas HUD Home is located in the Calico Ridge community. Spaciously designed this single story home is extremely well appointed. The kitchen features rich custom cabinetry, granite countertops, beautiful slate and bamboo floors flow throughout. This home is situated on a third acre lot with RV parking. For more information on this home or other Las Vegas HUD homes please contact Sovereign Realty at 702-234-7467. Beat out other buyers to Hot New Listings: VIP BUYER .
Rehab that HUD home or foreclosure with a 203k Rehab loan and move into the home of your dreams.
Thinking about buying a Las Vegas HUD home or Foreclosure but they are all in poor condition? Don’t stress there is a great loan program just for you. The FHA Streamlined Rehab loan is designed to help homeowners looking to buy HUD homes, foreclosures, short sales, or resales. A FHA 203K loan will help you create a move in ready home, with your own personal touch and no money out of pocket. As a primary buyer, you can finance up to $35,000 in repairs and have it all rolled right into your mortgage. Ever looked at a HUD home or foreclosure and the kitchen was missing or seriously outdated? The 203K Rehab loan allows you to create the dream home you always wanted in the area you want. For more information on FHA 203k Rehab Loans click: HUD Portal. To find out if you qualify for an FHA 203k Rehab Loan or for a list of available HUD homes contact Sovereign Realty at 702-800-5744.
Las Vegas Luxury Estate in Red Rock Country Club
Absolutely spectacular home tucked in the hills behind the guard gated entrance of Red Rock Country Club. Situated on a breath taking lot with lush double fairway golf frontage accented with a truly majestic “lighted” mountain backdrop. The outdoor setting is resort lifestyle living at its finest. Amazing infinity edge pool and spa pouring over to the most amazing panoramic views of the golf course and city. Backyard is appointed with private putting green, waterfalls, sunken gourmet BBQ with swim up bar and plenty of room for lounging in the sun. This home is spaciously designed with vaulted ceiling and picture perfect windows throughout. A gourmet kitchen with custom cabinetry, exquisite granite countertops and professional grade appliances complete this flawless home. Visit the Virtual Tour: Evergreen Creek Lane. For more information or to schedule a private showing please contact Sovereign Realty at 702-234-7467
Las Vegas Hud Home in Aliante with a pool
Another smoking deal. Las Vegas HUD home in the master plan of Aliante. HUD is not holding back they have been releasing some amazing homes lately. This amazing HUD home has 2200 square feet, 4 bedrooms, 2.5 baths, & a pool/spa. Located in Aliante it is has great freeway access and is just minutes from the Aliante Resort and Casino. This gorgeous home could be your for as little as $1050 a month! For more information or schedule a private showing contact Sovereign Realty at 702-800-5744.
Las Vegas HUD Home in the Lakes
Talk about a steal! This Las Vegas HUD home is located in the well established Lakes community. Centrally located and easy access to all area of the Las Vegas valley this home is a great value. The home has 1677 square feet, 3 bedrooms, 2.5 baths and a huge pool sized backyard with 12 foot privacy fence. This home has huge potential and with payments as low as $950 a month it wont last long. For more information or to schedule a private showing contact Sovereign Realty at 702-800-5744.
Las Vegas HUD Home in Aliante Master Plan
Las Vegas HUD home located in the master plan of Aliante. Great freeway access and just minutes from Aliante Resort and Casino. This two story homes boasts 2800 square feet, 4 bedrooms, 3 baths, and a 3 car garage. This Aliante beauty is situated on a large lot with beautiful mountain views. Master bedroom has a retreat with balcony and huge bathroom. With interest rates at an all time low this home could be yours for as little as $1300 a month! For more information or to schedule a private showing, contact Sovereign Realty: 702-800-5744.