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Henderson to Host Foreclosure Prevention Workshop

HENDERSON, Nev. -- Homeowners facing foreclosure may be able to find some help at an upcoming foreclosure prevention workshop.

The workshop is being hosted by the city of Henderson Neighborhood Services Division and will take place on Wednesday, April 28th from 4 p.m. to 8 p.m. at the Henderson Convention Center, 200 Water Street.

"At a time when families are continuing to struggle with foreclosure and financial difficulties, we've worked hard to bring together the resources they need to find help," said Henderson Mayor Andy Hafen.

Check this link to see what documents are needed.

Lenders, HUD-certified counselors, foreclosure mediators and federal representatives will be on hand to help the homeowners.

 

Expert Says Las Vegas Housing Market Healing

LAS VEGAS -- The Greater Las Vegas Association of Realtors says home sales jumped 33 percent in March as buyers rushed to beat the deadline for the home buyer tax credits.

The group unveiled its latest numbers at a panel discussion on the Las Vegas housing market Wednesday morning.

Panelists say the emphasis in the coming year will be on short sales. GLVAR President Rick Shelton says he also expects there to be more foreclosures on the market because banks are not willing to work with homeowners on reducing their loans. He says that will result in more homeowners opting to do a short sale. Currently, short sales make up about half of the houses that are for sale in the market.

The panel says home prices are beginning to stabilize with the median home price for a single-family home at $136,000 which is up slightly from February. There has been an increase in home sales for the past 15 months.

More Homeowners Falling Delinquent on Mortgages

LAS VEGAS -- The number of Southern Nevada homeowners delinquent on their mortgage payments has climbed steadily for the past several months. In some cases, it's people just willing to walk away from their homes, and in other cases, homeowners are holding out hope that they will get a loan modification.

In any given neighborhood, chances are good that a homeowner is the process of walking away from their mortgage. In the past, five months was typically the longest a homeowner could stay in their home until the bank would come knocking. But that is no longer the case.

Nick Nolf with The Nolf Group has been in the real estate business through the boom, the bust, and now the slow turn-around.