foreclosures: Real Estate in Crisis? or Opportunity to Buy? - 02/23/11 09:17 PM

The subprime mortgage crisis is hitting the Las Vegas metro area particularly hard. We have been ranking in the top of the country for foreclosures. This crisis is causing homeowners to lose their homes due to rising payments and a trickle down of lost jobs. We are in the high 14% for unemployment. Predatory lenders are being accused of taking advantage of uniformed buyers. Speculative investors who were buying homes to flip at the peak of the market with no intention of ever occupying are packing it in and giving up on their idea. Short sales now consist of about … (2 comments)

 
Jacob Mitro, Las Vegas Realtor and Property Manager (RE/MAX Advantage)

Jacob Mitro

Las Vegas Realtor and Property Manager

Henderson, NV

More about me…

RE/MAX Advantage

Address: 10075 S. Eastern, Henderson, NV, 89052

Mobile: (702) 285-3444

Office: (702) 896-5500

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