Time to take another look at what’s going on with foreclosures in the Las Vegas area in the New Year with this week’s edition of Haines & Krieger’s Las Vegas Foreclosure Round-up:
1. HUD Sending More Workers to Las Vegas (Las Vegas Review-Journal) and HUD Boosts Staff in Las Vegas to Handle Foreclosures (Las Vegas Sun)
The Department of Housing and Urban Development ("HUD") has dispatched 3 staff members to its Clark County office to be part of a rapid response team to help deal with the Las Vegas foreclosure crisis.
2. Las Vegas, California Cities Top Foreclosure List in 2009 (Business Week)
Las Vegas once again had the highest foreclosure rate in the U.S., according to RealtyTrac. This unfortunately does not surprise any of us. What is somewhat surprising, though, is that the foreclosure crisis appears to be spreading to other states including Illinois, Arkansas and Oregon.
3. Nicolas Cage Sells Foreclosed Manse at $3.5 Million Loss (MonstersandCritics.com)
At least he was able to sell. And it goes without saying that we’d all love to be so fortunate to have a home worth enough that it could even suffer a $3.5 million loss.
That’s all for this edition. Keep following this blog for more posts on Las Vegas foreclosure issues and news as well as ways to get help with your foreclosure situation.
Haines & Krieger attorneys have been at the forefront of helping Las Vegas residents deal with foreclosure problems and getting back on their feet.