Las Vegas Luxury Foreclosure and Short Sales

Luxury short sale and foreclosure properties are available currently in Las Vegas. The prices of some of these homes are incredible. If you'd like more information on any short sales or foreclosures, please contact Felipe Crook at 1-866-589-1646.

Las Vegas Luxury foreclosures and short sales are not quite as common as foreclosures in lower price ranges, but for a lucky few the deals are quite impressive. Las Vegas has seen a huge hit in our home real estate market, some areas as much as 65% depreciation. The luxury market is not immune to the affects of the real estate market either, however they are somewhat insulated. What is the major difference between a short sale and a foreclosure? A short sale is when a seller is trying to sell their property for less than what they owe on it. This process can take anywhere from 60-180 days for the bank to approval the sale of the property. A foreclosure is when the bank has taken ownership of the property through the foreclosure process. You can read more about short selling by visiting http://www.LasVegasShortSaleConnection.com. With luxury homes, the short sale process can be a little long and frustrating for buyers, but the benefits can far outweigh the negatives. If you'd a control freak like me, a short sale might drive you bonkers, but some of these prices are unbelievable.

Currently, there are 29 homes over $1 million that are in short sale status in the multiple listing service in Las Vegas. There are 14 properties that are over $1 million that are bank owned or foreclosed homes. One in particular is a property on 634 St. Croix. This property is massive! Over 12000 sq ft, with 6 bedrooms, 7 baths, a theater room, pool and spa, overlooking the golf course in Macdonald Ranch Foothills. Such a stunning property that is bank owned! Take a look at a few of these pictures:

Las Vegas Luxury foreclosures and short sale

There are currently 29 properties over $1 million that are short sales:

There are currently 14 properties over $1 million that are foreclosures:

If you would like information on any of the properties listed above, please contact me toll free at 1-866-589-1646. Remember, buyer representation is FREE and I would be happy to help you anyway I can.

Felipe Crook

Prudential Americana Group Realtors

Certified Short Sale Professional

Las Vegas, Nevada 89117

1-866-589-1646

http://www.lasvegasluxurypropertieslink.com/00AB44