Posts Tagged ‘Las Vegas Nevada’

The World’s Largest Bikini Parade

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2 years ago

Level: Gold
Points: 14992
Description:Model and television personality Holly Madison (C) flanked by “Jubilee!” showgirls Deana Dakake (L) and Amanda Portie pose after helping the Las Vegas Convention & Visitors Authority earn a Guinness World Record for staging the world’s largest bikini parade with 281 participants marching in swimwear along the Las Vegas Strip May 14, 2009 in Las Vegas, Nevada.

(Photo by Ethan Miller/Getty Images for Visitlasvegas.com)

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As a Reno/Sparks Nevada real estate professional and property manager, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com http://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates To checkout some of  my property manager services goto http://chancegates.com/property-management-services/

If you are behind on your house payment and looking for a loan modification, go to making homes affordable

If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

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Apple Picking

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A page from Medizinal Pflanzen (Koehler's Medi...

Apple Picking Resource Guide – go Apple picking in Carson City, Nevada!

Want a unique, fun activity for fall in the Carson City, NV area? This is where you can find Carson City area apple picking orchards, apple farms, apple festivals for Carson City and Carson City County, Nevada.

Apples are one of the easiest fruits to gather – even for little hands. Here are a few tips to get the most out of your apple picking experience:

- Apples on the outside of the tree tend to ripen first. Because there are so many varieties, color isn’t necessarily an indication of ripeness. If you’re not sure, ask.
- When going to pick your own apple picking farms, choose firm, bruise-free fruit and place it gently in your basket (just throwing them in will make them bruise and go bad more quickly).
- To increase shelf life, keep your apple haul in a cool, dry place, like a basement. Don’t wash them until you use them. Then bring on the apple pies, sauce and cider!

Some fun Carson City, Nevada Apple Picking facts:
-Apple trees take four to five years to produce their first fruit.
-There really was a Johnny Appleseed, famous for planting apple trees. His real name was John Chapman and he was born in 1774
-There are about 8000 varieties of apples around the world. Only about 100 types of apples are grown commercially in the U.S.
-After you go apple picking, amaze the kids with this trick: when you slice an apple in half, the core resembles a star

As a Reno/Sparks real estate professional I encourage any questions or comments or the Reno/Sparks real estate market or any of the articles posted.

Contact me at  chance at ballard-company.com www.myspace/chancegates

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Continued High Negative Equity and Home Value Declines

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The last time home prices were this low...

RISMEDIA, February 10, 2010—Home values across the country declined again in the fourth quarter of 2009, as the Zillow Home Value Index fell 5% year-over-year, and -0.5% quarter-over-quarter, to $186,200. That marked the 12th consecutive quarter of year-over-year declines, according to the fourth quarter Zillow Real Estate Market Reports. Despite home value declines seen across most of the country throughout 2009, some markets experienced what appeared to be a bottom in home value declines, or even increases in home values during the year. However, the fourth quarter of the year brought signs that the fledgling recovery of home values in many of these markets is slowing again. If the declines are sustained, the result will be a “double dip” in home values, defined as two periods of sustained declines in home values separated by a brief period of stabilization or recovery.

One in five, or 29 of the 143 markets tracked by Zillow, showed at least five consecutive month-over-month increases in home values during 2009 before beginning to flatten or fall again in the second part of the year. These markets include the Boston metropolitan statistical area (MSA), the Atlanta MSA and the San Diego MSA.

Home values in an additional 29 markets, including the Los Angeles and New York MSAs, increased on a month-over-month basis each month throughout the fourth quarter. However, the rate of increase slowed from November 2009 to December 2009 in 21 of those markets, and several appear likely to experience several months of sustained decline in early 2010.

The percent of single family homes with mortgages in negative equity was essentially flat from the third to the fourth quarter, changing from 21% in Q3 to 21.4% in Q4. This comes after a decrease in negative equity from the second quarter’s 23%.

The number of homeowners losing their homes to foreclosure across the country reached a peak in December, with more than one in every thousand homes being foreclosed–a number not reached since Zillow began recording national foreclosure data in 2000.

“While we have seen strong stabilization in home values during 2009, there are clear signs that they will turn more negative in the near-term,” said Zillow Chief Economist Stan Humphries. “What we saw in mid-2009 was a brief respite from a larger market correction that has not yet run its course. The good news is that, for those markets that will see a double dip in home values before reaching a definitive bottom, this second dip will not be a return to the magnitude of depreciation seen earlier, but rather will look more like a modest aftershock of the earlier downturn.

“The recent stabilization owed a lot to policy support in the form of tax credits, lower interest rates and increased Federal Housing Administration lending. The remaining correction in home values we’ll see in the first half of this year is a function of market fundamentals, such as the increasing flow of foreclosures, high levels of inventory in the market and a probable decrease in demand as the impact of the tax credit wanes and mortgage rates rise. While the next few months are likely to bring further home value declines in most markets, we do expect to see a national bottom in home prices by the middle of this year. Thereafter, home values are likely to bounce along the bottom with real appreciation remaining negligible for some time.”

Foreclosure re-sales across the country remained high, making up more than one-fifth (20.3%) of all U.S. home sales in December. Foreclosure re-sales also made up the majority of sales in several MSAs, including the Merced, Calif. MSA (68.3%), the Las Vegas MSA (64%) and the Modesto, Calif. MSA (62%). Additionally, 28.5% of home sales nationwide sold for less than what the seller originally paid.

Several markets across the country showed positive longer-term appreciation. Home values increased year-over-year in 27 of 143 markets and remained flat in 15.

The Boston MSA was the largest area with year-over-year appreciation, despite its more recent downturn in home values. The area’s Zillow Home Value Index rose 1.9% in 2009. Home values in the Boston area rose for eight months in 2009, which outweighed the recent declines.

As a Reno/Sparks real estate professional, I encourage all questions or comments on the Reno/Sparks real estate market or any of the articles posted on this blog.  I can be reached by email at:   chance at ballard-company.com or http://www.myspace.com/chancegates

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ATTORNEY GENERAL ANNOUNCES ARRESTS IN FORECLOSURE RESCUE SCAM

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LAS VEGAS, NEVADA - NOVEMBER 16: (EMBARGOED FO...
Image by Getty Images via Daylife
NVAR Online News 02/17/09 Reports
Las Vegas, NVAttorney General Catherine Cortez Masto announced
today the arrest of William Vargas, one of three defendants who allegedly
operated a foreclosure rescue scam in Las Vegas since February 2007, under
the business name of Federal Housing Aid.
Two additional defendants are still at large with warrants issued for their
arrest. Paula Luna is believed to be in California and Michael Sinclair is believed
to have fled to the Philippines. The Vargas arrest was made by investigators
working for the Attorney General’s Mortgage Fraud Task Force, created in early
2008, to investigate and prosecute mortgage related crimes in Nevada.
“Foreclosure rescue scams are particularly egregious because they target
victims who are already experiencing financial hardship,” said Attorney General
Cortez Masto. “These types of scams prey on vulnerable victims who are
desperate for hope and who are looking for ways to avoid foreclosure. The victims
end up paying whatever money they have left to the perpetrators, only to end up in
a worse position than before they were scammed”“
The alleged scheme involved the collection of upfront fees for the purpose of
assisting the victims with avoiding foreclosure on their homes. The suspects
allegedly charged the victims between $899 to $1500 for foreclosure rescue
services and offered a 100% money back guaranty, claiming their company would
refund the money if the foreclosure could not be stopped.
Collection of fees upfront is in violation of Nevada Revised Statute
645D.400, which makes it unlawful for a mortgage consultant to collect or receive
any compensation until after the consultant has fully performed the consulting
services that he contracted to perform or represented that he would perform.
The State alleges that the defendants failed to provide the foreclosure rescue
services and failed to refund the victims’ money as promised.
Defendants Vargas, Sinclair and Luna are each charged with multiple
felonies including: One (1) felony count of Theft of a Person 60 Years or Older;
seven (7) felony counts of Theft by Material Misrepresentation; and eight (8)
misdemeanor counts of Deceptive Trade Practice. The initial appearance in
Justice Court is set for December 10 at 7:30 am in Las Vegas Justice Court
Department 9.
The case was filed by prosecutors assigned to the Attorney General’s
Mortgage Fraud Task Force, which was created by Attorney General Masto in early
2008 to address mortgage fraud scams throughout Nevada. The task force
combines the resources of several Attorney General Bureaus, including the Bureau
of Criminal Justice and the Bureau of Consumer Protection. It works closely with
other State agencies including the Mortgage Lending Division to investigate and
prosecute mortgage fraud crimes in Nevada.
The charges against the named individuals are merely allegations. The
defendants are presumed innocent until or unless proven otherwise in a court of
law.
Consumers who wish to report mortgage fraud are asked to contact the
Attorney General’s Bureau of Consumer Protection in Las Vegas at (702) 486-
3194 to obtain a complaint form. Consumers with internet access may also
obtain a Consumer Complaint Form, as well as other consumer protection and

contact information, on the Attorney General’s website at www.ag.state.nv.us

As a Reno – Sparks real estate consultant I encourage any questions or  comments on the Reno – Sparks real estate market or about any of the articles I post.  You can email me at chance@ballard-company.com

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