How to Get out from Being UnderwaterHow can borrowers get out from an underwater property? There are several approaches. Rent the property for enough to cover the mortgage. Sell the property in the open market and bring cash to closing to make up any mortgage short-fall. Sell the property in the open market and get the lender to take a loss on the loan. This is a so-called “short sale.” Will lenders agree to a short sale? Not if they can help it. If the home cannot be sold for more than the value of the debt, a
2020 Las Vegas Market Forecast. It's Gonna be a Bumpy Ride....2020 has been a bumpy ride. Between COVID-19 restrictions and all the protesting, the Las Vegas Real Estate Market is still making gains. We saw prices dip slightly at the beginning of the COVID lockdowns in April, but it's been uphill the rest of the year. Why then, with record unemployment and showing restrictions on all tenant occupied homes, is the market still going up? At the beginning of 2020 the market was starting to take off. It was going to be a fantastic year for