Las Vegas real estate market report

Would you consider buying a Las Vegas home today if only you had your car and those two credit card balances paid off?  That can be arranged through a new tool called a Grant program that is perfectly legal if properly executed.

Here is how it works. Let say that you currently owe:

$13,500, or $405 per month, on your car 
$10,000, or $163 per month, on one credit card 
$4,000, or $65 per month, on another card.
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 $27,500 with total monthly payments of $633. 

You have been in with a loan officer and qualified for a monthly payment of $1,850 per month which will get you into a $250,000 home with your savings of $12,500 as a down payment.  The problem is is when you add these two debts together totaling $2,483 per month it doesn’t leave you any breathing room in your budget.

Well there is a new program that can wipe out that old debt and trade it for that house payment that you can use the interest deduction on your taxes.  You are not adding the debt into your mortgage balance but you get your debt paid off and you get to send the checks!

Here is how it works.  You submit the debt you want relief from to the Grant Company.  The Grant Company then sends me your Las Vegas real estate Buyers agent the Grant request to be included as a part of your real estate purchase agreement (offer to purchase).  The Grant is to be paid by the Seller from the closing proceeds and will be sent to the Grant Company.  The Grant Company will send you checks made out to your creditors within 3 business days for you to send to pay off your debts.

You now have your new Las Vegas home and are free from your former debt!

This new tool is useful right now while we are in a Buyers market.  With all the concession Sellers are making to sell their homes this is a great tool if you are interested in buying a home right now.

If you have any questions please give me a call, Max 702-334-2200.

For the Latest in Las Vegas real estate call Max at 702-334-2200. Or email me at:Max@MaxSellsVegas. com. Your comments and questions are welcome.

This entry was posted on Monday, September 17th, 2007 at 2:12 pm and is filed under Las Vegas condo report, Las Vegas condo sales, Las Vegas home sales, Las Vegas homes for sale, Las Vegas real estate market, Las Vegas real estate news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.