I live in Las Vegas, NV. On Sept 3rd we received a three day Notice to Quit. Looked at our options and realized that a request for a loan modification did not go through, and that the Foreclosure process had been completed and the house was now in the Banks Name.

At this point, a "negotiator" came to the home and offered us ,000.00 and three weeks to evacuate the house.

I honestly need a little more time and don’t think the money is worth it, so here is my question:

If I decide to decline the offer, take my chances and go to court, how much time overall can I gain? I have not received a letter for a court date yet. And, once I do get to the court, about how long will the Judge give me and my family to leave the premises?

In the long run, will I be able to save a little more money than what I am bein offered assuming that I am able to stay longer that the three weeks? I was actually looking to leave in January, how likely is for this to happen?

Or can I ask for more money and more time?

Please help!

Thanks.

http://www.cnbc.com/id/26869324

Should these entities be put up for auction so that PRIVATE money (and not taxpayer money) can enter into the bidding, make it fairer, and lessen the burden for American taxpayers?

What will help these banks and mortgage companies loan again to those who can put 20% down? Getting those who made bad loans to lend again is critical; lubricating the lending facilities will, in turn, be critical in soaking up the high levels of real estate inventory in cities like Las Vegas.

I am pre approved already by my bank. The realtor I have chosen stated if I do decide to purchase a house some of the homes that are being sold by other banks such as Wells Fargo will need for me to pre qualify with them too. Is this true? This is in Las Vegas if it makes a difference. Please help I am a first time home buyer.

i am pre approved for a conventional loan, trying to put 20% down, but i have every offer i make rejected in favor of a "Cash" buyer. are there any properties actually available to me, or am i just wasting my time competing against investors with cash who will buy up the market to turn a profit? or does my realitor just suck?
um… as stated i am a first time home buyer, my credit is very good, but i have no collateral, how would one secure a personal loan? also why is it expected? most people finance a ,000 car.

p.s. i am also not asking for any closing costs or any money back.
ok, i’ll try to be "more clear" the loan is not the issue, i am pre approved, and lenders are writing small loans at this time. my question is about whether the banks will consider my "financed offer" or will they realistically only deal with the real estate investors who can pay cash.

I live in Nevada and my home is upside down by 0,000 so I am giving it back to the bank. I know this is not the best thing to do but I’m single and I would rather let it go then keep making a payment that I will never get back in equity. My question is if I have a first and second with different banks what will happen with the second? will they still come after me or write it off.

Here’s the full story. I bought a house in Nevada in April 2006, I was straight out of college and making pretty good money. Everyone I talked to told me to buy a house instead of renting. I trusted everyone and went ahead and did it. I bought the house with 2 loans. The first is interest only and the second is a really high interest rate with a 15 year balloon. I was told by my broker that my house would appreciate quickly and I would be able to refinance or sale in a few years.

Now for the tricky part, my fiance had to move to Oregon for school in August of 2007. I decided to do the responsible thing and stay in my house and keep my job. After a year of living alone in my house and being miserable every single day, I decided to move to Oregon as well. I knew it was going to be tricky financially, but I was willing to take the risk because I was seriously MISERABLE!

I was able to rent the house in Nevada but the mortgage is twice as much as the rent. So I loose about 00 a month. My new job makes about half of what my previous job made, and I have to rent an apartment here in Oregon. I’ve been working really hard to make it work out but it is now obvious that I can’t keep relying on my small savings to bail me out every month. I have decided to stop paying on the house because I’ve almost exhausted all of my savings and my income is not going to go up. I don’t plan on moving back into the house anyway. I honestly don’t want it anymore. I want to cut my losses.

I have perfect credit and no other debt. Not even a cent of credit card debt, no car payment, and I already paid off my school loans. I’m 26 years old. I know this is going to ruin my credit, but I feel so burned by this whole ordeal that I don’t think I’ll ever apply for any kind of loan again! I know it will take 7 years to repair my credit, I’m ok with that because I’m only 26.

So my question is: how long is it really taking banks to foreclose now days? I’m sure they are swamped, I read that 1 in 74 homes in Nevada is in foreclosure. Also, how likely is it that I’ll get sued for a deficiency judgment. Like I said before, I have no debt but I also have no assets so I’m not worried about anything but getting my wages garnished.

I should also mention that the house has lost 0,000 in value.

As most people know – The Port Security Bill had a tack on by FRIST – which is out to make financial transactions by banks for Online Gambling – ILLEGAL.

First, this means the Government has decided that Online Gambling is immoral. (Although, horse races, bingo halls, Las Vegas, Atlantic City are quite alright..)

Second – this means the govt, has decided that HOW you SPEND your own money – that has ALREADY been TAXED by the USA – is their business.

Third – the Bill also leaves room for Internet Regulation – that everything you do – Your ISP may have to REPORT you – your computer can be set up with SPY WARE —- and your PRIVACY invaded.

Congress passed the Bill and expects it to be signed by President Bush.

What do you think YOU – Can do about it?

I for one – am not standing still – I went to http://www.casinomeister.com and read more information…

But I want to know – if there is ANYTHING else you think WE… As Citizens of the United States Can do to stop this Travesty?

I want to go to college for 4 years for managment/business.

My dream is to open a candy shop like Dylan’s Candy Bar, but in Las Vegas, not NY

how much money do you think I would need? and how much do banks allow you to take as a loan?

is it really possible to own something like a Dylan’s candy bar at age 24?

Off topic– if i wanted to own a restaurant, could i open one up not knowing anything about food? just by having business and management skills? i would hire chefs and stuff..

For months, about a year now, having completed an ever going growing business plan, I have had no luck at finding an investor.

I have several real estate plans, from something as simple as flipping to a multi-million dollar company with extreme return on investment. I have the drive to complete and thrive if able to do so. I have no money of my own to invest living paycheck to paycheck, and need some assistance.

I’ve posted on craigslist, got nothing besides solicitations and scam artists. List myself on a variety of websites, contacted "supposed local angel investors", whom quite honestly, never really seemed to exist-probably more scammers.

Where would be a good place to find investor? Know any yourself-talk to me-won’t be disappointed!!!

Interested in learning more, my e-mail is steeletucker@ymail.com

THANKS YOU GUYS!!!
Sure, "great" biz plans are a dime in a dozen.

HOWEVER, don’t for one moment second guess the capacity I have put forth. Being only 17, my IQ frightens and inspires aged business proffessonals.

Banks are not an option, I can not obtain credit until I am 18. My banker, wishes she could fund me.

My ideas, though many can mimic them, are separate, and far beyond wnhat anyone one else has seen before, really!

Seems like this whole house of cards is coming down soon enough.

http://finance.yahoo.com/news/RealtyTrac-April-foreclosures-apf-15225719.html

The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the highest rates, according to data released Wednesday. Ohio was in the top 10…………"We’ve never seen two consecutive months like this," said Rick Sharga, RealtyTrac’s senior vice president for marketing. "It’s the volume that’s surprising."

While total foreclosure activity was up, the number of repossessions by banks was down on a monthly and annual basis to their lowest level since March of last year, RealtyTrac said.

But that’s far from positive news. Because much of the foreclosure activity in April was in the default and auction stages — the first parts of the foreclosure process — it’s likely that repossessions will increase in coming months, RealtyTrac said.
alarmist………..I didn’t forget.
alarmist……..also, are you implying these numbers are somehow positive??