Freddie Mac has over 1.5 million homes for sale at any one time. These are obtained as a result of the previous buyers defaulting in the loans. In April last year, they were planning to sell of 300 homes in Southern California and Las Vegas. The quick sale would allow buyers to receive an $8000 [...]

The fate of a golf course in Las Vegas is hanging in the balance as it faces impending foreclosure. A bankruptcy judge (federal) is yet undecided about allowing a Texas company, Carmel Land & Cattle Co. permission to foreclose on a golf course just outside Las Vegas. The loan involved amounts to $15 million. There [...]

One has to be brave to think about buying in Las Vegas or Tampa where the real estate market is sliding down from bad to worse. But in other cities there are growing signs of stabilization and one can try to snap up a bargain in foreclosed properties. The best places are Charlotte, Raleigh, Oklahoma, [...]

It is a chain reaction. Foreclosures are making the economy look bad while the latter is casting a doubt on the completion of multibillion dollar casino plans in Las Vegas. It is more difficult nowadays to get credit for financing new schemes. The Cosmopolitan Resort and Casino as well as the Plaza Casino and Hotel [...]

Senator Harry Reid and Assembly Speaker Buckley made a public announcement saying that Nevadans must be helped because the foreclosure is worse than what has so far been projected. Democrat Buckley from Las Vegas feels that it is imperative to come forward and see that the victims of foreclosure are getting the right type of [...]

If President Bush has his way then the residents of Las Vegas victimized by the foreclosure crisis will heave a sigh of relief. The President does not think it is a bail out operation to help lenders and speculators but is meant to help borrowers who are in the soup worried about the roof above [...]