Las Vegas Luxury Properties Link

Modern architecture is generally characterized by simplification of form and creation of ornament from the structure and theme of the building. It is a term applied to an overarching movement, with its exact definition and scope varying widely. That is the definition of Modern Architecture from Wikipedia. Contemporary or modern homes in Las Vegas do vary wildly. As you can see from some of the current modern homes available below. You can get extremely minimal, almost stark designs to funky, over the top homes in Las Vegas. I've compiled a list of homes that push the boundary of architecture to property with clean simple lines. The majority of modern properties here tend to be in a higher price range, but occasionally you will find a modern home in a lower price range.

There are a few different communities that feature modern properties which include:

Anthem Country Club

Macdonald Ranch

Queensridge

Summerlin

Seven Hills

Southern Highlands

Spanish Trail and Spanish Hills

The Ridges

The Lakes

Lake Las Vegas

Below are all of the current modern homes available on the multiple listing service here in Las Vegas and Henderson Nevada. Feel free to click on the pictures below for more information, virtual tours, and to request a showing. You can also save a property as your favorite and track it if there is a price reduction.

For more specific information on any of these homes or for any communities in Las Vegas or Henderson, please contact Felipe Crook from Prudential Americana Group Realtors at 1-866-589-1646.

Felipe Crook

Fine Homes International Specialist

Las Vegas, NV 89117

Prudential Americana Group Realtors

1-866-589-1646

I sat in my sales meeting this morning with my jaw hanging down as a representative from Nevada's Hardest Hit Funds, a non-profit organization, helping troubled home owners either with a short sale, principle reduction, or dealing with a second lien on a property.  Yes, I know what you're thinking, great another "program" to help me but this actually might work.   I grilled the representative with plenty of questions about the program and how it's possible to help so many people. Here is a brief overview of the program:

With one of the highest foreclosure rates in the nation, Nevada was selected to be one of the original beneficiaries of the U.S. Treasurys "Hardest Hit Fund" program. Nevada was awarded over $150 million in funds available to qualified recipients through a series of federal grants to help Nevada homeowners. The U.S. Treasury has approved the Nevada Affordable Housing Assistance Corporation (NAHAC) to oversee the Nevadas Hardest Hit Funds program. The agency was selected to create a business plan compliant with the Emergency Economic Stabilization Act Program. The NAHAC agency has designed and is executing a plan for the distribution of these funds that has been approved by the U.S. Treasury. Through four programs, Nevadas Hardest Hit Funds provide assistance that will help prevent avoidable foreclosures and keep limited income Nevada Homeowners in their homes.
 Primary objectives for Nevadas Hardest Hit Funds programs include:

1. Assist the low and moderate income families to preserve home ownership and avoid foreclosure, if possible, or assist in the short-sale of a home, if necessary.
   
2.  Assist approximately 22,000 income restricted Nevada homeowners who are in need of assistance with a mortgage problem due to either an unemployment situation, second liens and/or large principal to home value mismatches preventing timely payments on loans

NOTE: These programs are only available to homeowners whose mortgage servicing company agrees to the terms and conditions governing the use of these funds. If your servicer is not currently participating in Nevadas Hardest Hit Funds, you may want to call them and encourage them to do so. A homeowner cannot receive assistance if their servicer has not signed an agreement with NAHAC. See a list of participating servicers and which programs they are currently off

• Mortgage Assistance Program (MAP)
  

Mortgage Assistance Program (MAP) MAP is intended to provide temporary financial assistance for underemployed as well as those unemployed homeowners who have experienced involuntary job loss and/or severe reductions in income. The program will pay 1/3 of the principal and interest portion of the homeowners monthly mortgage payment, up to a maximum monthly benefit of $500 per month. Assistance lasts for up to 6 months. For more information about MAP click here.

• Principle Reduction Program

Qualified homeowners can receive a principal reduction of up to $50,000. In order to receive the full benefit, the participating Servicer must provide a dollar for dollar match of the Nevadas Hardest Hit Funds maximum contribution of $25,000. The program will assist income restricted homeowner candidates who want to preserve home ownership. For more information click here.   NOTE: the representative mentioned that this program is being re-written to better accommodate home owners here in Nevada.

• Short Sale Program

 This program is designed to help homeowners who are beginning to or need to initiate a short-sale process. It will help ease the transition from unsustainable home ownership to being a renter. For more information click here.

• Second lien Relief Program

 This program is designed to assist homeowners who have a second mortgage that may be interfering with the refinance, short sale or modification of their first mortgage. It is expected that homeowners will extinguish their 2nd lien as a result of this program through a combination of funds contributed by both Nevadas Hardest Hit Funds and the participating Servicer; the maximum amount that Nevadas Hardest Hit Funds will contribute toward 2nd mortgage lien relief is $16,500 per dwelling. In order to receive the full benefit, the participating Servicer must contribute $0.60 for every $0.40 contributed by Nevadas Hardest Hit Funds. For more information click here.

This is HUGE information in the struggle to stabilize our housing economy.  There are some eligibility requirements:

• Must be owner occupied
• Must be a legal US Resident
• Loan must be originated before 1/1/2009
• Documented Financial Hardship (The program looks back to 2008.  If you were unemployed for since months in 2008 you would qualify)
• Maximum income: 120% of Area Median Income which break down in Clark County like this (number of wage earners per household

1-4 people: $78,120

5 people $84,360

6 people $90,600

7 people $96,840

8 people $103,080

• Facing imminent default
• Currently own only 1 property
• Current maximum loan amount of $427,184 or less
• Required 5 year occupancy after assistance

Service Providers who are participating in these programs?

PARTICIPATING MAP SERVICERS

• 21st Mortgage
•  Acqura/SVP Loan Service
•  American Home Mortgage Servicing
• Bank of America
•  Capital Mortgage Services
• Cenlar Central Mortgage
•  Chase or JP Morgan-Chase
• CitiMortgage
• Everhome Mortgage
•  Fifth Third Bank
•  Flagstar Bank
•  GMAC
•  Greater Nevada Credit Union
• James B. Nutter & Company LoanCare (FNF Servicing)
•  Metlife Midland Mortgage (Midfirst Bank)
• Navy FCU
• Nevada Housing Division
•  Ocwen Mortgage
• PHH Mortgage
• Saxon Mortgage Service
•  Selene Finance Seretus (formely IBM Lender Business Process Services)
•  Specialized Loan Services
• U.S. Bank
• Verticrest Financial WestStar CU
• Wells Fargo

PARTICIPANTING SHORT-SALE SERVICERS

• American Home Mortgage Servicing
• Capital Mortgage Services
• Flagstar Bank JP Morgan Chase
•  Greater Nevada Credit Union
• GMAC
• Midland Mortgage (Midfirst Bank)
• Ocwen Mortgage
• PHH Mortgage Saxon Mortgage Service
• Selene Finance
• Specialized Loan Services

 PARTICIPATING PRINCIPAL REDUCTION SERVICERS

• Bank of America
•  Greater Nevada Credit Union
• GMAC
•  Ocwen Mortgage
• Specialized Loan Services

PARTICIPATING SECOND LIEN RELIEF SERVICERS

• GMAC
•  Greater Nevada Credit Union
•  Ocwen Mortgage
• Saxon Mortgage
• Service Specialized Loan Services

 If your servicer is not currently participating in a Nevadas Hardest Hit Funds program, you may want to call them and encourage them to do so. A homeowner cannot receive assistance if their servicer has not signed an agreement with Nevadas Hardest Hit Funds Programs. SERVICERS INTERESTED IN SUPPORTING NEVADAS  

If you would like help with any of these programs, I would be happy to help get you the information you need.  My toll free number is 1-866-589-1646.

Felipe Crook

Realty One Group

Las Vegas, NV 89117

1-866-589-1646

Short Sale Professional

Good news from the banking sector:Banks are agreeing to more short sale transactions, and short sales are taking less time to sell, which is helping to clear large inventories of distressed properties more efficiently, says James J. Saccacio, RealtyTrac CEO, in releasing new housing data this week. "This is a glimmer of hope that lenders are getting more realistic," Rick Sharga, senior vice president of RealtyTrac, told Bloomberg News. "Its a win for borrowers who avoid foreclosure, buyers who get a house in better condition and banks that lose less money, which is also a win for taxpayers."

During the second quarter, the number of homes nearing foreclosure accounted for 12 percent of total home sales, with banks agreeing to more transactions at prices below the outstanding mortgage balance, RealtyTrac reported in releasing its second quarter data this week. Whats more, pre-foreclosure homes took an average of 245 days to sell after receiving the initial foreclosure notice--thats down from 256 days in the first quarter, RealtyTrac reports. Sales of homes in the foreclosure process or short sales sold on average for a 21 percent discount--or an average sales price of $192,129--compared to the sales price of non-distressed homes.

More information on Las Vegas Short Sales here.  Bloomberg News just wrote an article about this as well.

   If you would like a free Short Sale Guide, please email me at Felipe@felipecrook.com or call me toll free at 1-866-589-1646.  All information is held strictly confidential.

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV

I am very proud to list a gorgeous custom home in the northwest part of Las Vegas Nevada. This home is truly a beautiful property with such attention to detail and architecture. The home is located at 9490 W. Fisher Ave. It features 4300+ sq ft, 4 bedrooms, 4 baths, a den, a game room with a great view of the city and mountains, granite counter tops, hardwood floors, central vacuum, and it sits on nearly half an acre.  One of the first things that struck me about this home was how warm and cozy it feels.  Each of the bedrooms has their own bathroom so there is plenty of privacy for guests.  The family room has an antique mantel dating back to the late 1800's.  The wood work through out the home is top quality.  If you enjoy escaping from the world, the master bath has a huge tub to soak your cares away.

    The home is well priced for the area and there are no home owners associations to burden you with rules and restrictions.   The property using a well and septic system.  If you would like a private tour of this home, or looking for something similar to this one, please give Felipe Crook a call at 1-866-589-1646. 

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

1-866-589-1646

If you are looking for horse property with a lot of land in Las Vegas, I have a great listing for you.  It's very well priced and sits on .75 of an acre AND the vacant lot next door is also available for sale.   Combining the two properties would give you 1.5 acres in Henderson with a 4439 sq ft home with strip views from the master balcony.   This home has a remodeled Kitchen, 3 baths have been remodeled, new flooring and carpet in nearly all of the rooms.   The travertine flooring in the first floor is beautiful and is also carried through to the bathrooms.  If you would like a private tour of this home, please call Felipe Crook from Prudential  at 1-866-589-1646.

For more detailed information, please click the link below:

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

1-866-589-1646