Sunday, May 1, 2011

A short sale happens when the homeowner

Let's talk a little bit about how Las Vegas house foreclosures and real estate short sales work, so you can better appreciate how there can be a positive aspect in it for the wise investor.
A short sale happens when the homeowner is unable to make their mortgage payments and the bank agrees to allow a sale of the property for less than the amount owed on the property. Wonder why that is? When payments stop coming in, the banks will consider taking a lesser amount, thinking to themselves that something is better than nothing. From las vegas casino resorts the start, it must be apparent to the lender that it is impossible for them to be repaid the original amount. The property owner and buyer are linked, a sale is arranged and the bank or investment company must approve it. Once that's settled, the homeowner gets out from under a house they cannot pay for, the new property owner gets an incredible bargain on a Las Vegas home, and the loan company will get at least part of their loan repaid.
A foreclosure happens when the loan merchant has had to take steps to take the property back. Now the mortgage lender does not want the home, they are motivated sellers! With the market being down, the new homebuyer wins.
Currently, property short sales and mortgage foreclosures are a booming sector in Las Vegas real estate. These are incredible family homes hard rock las vegas hotel at unbelievable bargain prices. As it stands, these two types of home sales comprise a significant part of Las Vegas houses real estate and fortunate new house buyers are getting astounding bargains. Here are a couple examples:
Las Vegas has so much to offer beside the gambling and the nightlife. Every year there is more stuff to see and experience.

At The Burger Joint inside the Flamingo, between midnight and 6 a.m. they serve a Ribeye steak and eggs for $5.99, or a Burger and fries for $2.00. No matter what time you go, expect a 20 minute wait. They always cook the steak to a medium temperature without asking, and they throw in some hashbrowns and toast. If you go for the burger, the fries are fabulous if you like them steak cut and crispy. (In the center of The Strip by Flamingo Road.)
Level 107 Lounge, (formerly the Romance Lounge,) at the Stratosphere, located on the north end of the fabulous Las Vegas Strip, features the most spectacular views in town. Level 107 Lounge sits on a circular balcony high up in the Stratosphere Tower. Low lights and a deep red décor combined with great cocktails and incredible breathtaking views, make this a great place to unwind or to create a most memorable experience. Level 107 also overlooks the restaurant which makes appetizers available. Live music by Afterglow between 9 p.m. and 1:30 p.m. is a plus on Wednesday through Saturday nights. Afterglow has a unique sound that combines Jazz, Pop, and Contemporary music.
SPOTLIGHT: The Silverton Hotel
The Silverton Hotel is worth a mention here. It is no where near anything on the Las Vegas Strip, but if you just happen to have some extra time on the way in or out of Las Vegas from the Los Angeles direction, or if you simply want to get out of the traffic if your timing allows, there are several deals here. They have no choice but to bribe you since they are so out of the way from Las Vegas proper. Although, they do have easy freeway access at Highway 15 and Blue Diamond Road!
The Silverton Hotel has an aquarium as their major attraction. This is no ordinary aquarium as you can expect to see mermaids in addition to 4,000 tropical fish (including three species of stingray and three species of shark.) The room sized curved acrylic tank is located by the bar, and the mermaids put on a 15 minute show every half hour throughout the afternoon and evenings on Thursday through Sunday. During the day, everyday, you can also watch the sharks and stingrays being fed in the afternoon at 1:30 and 4:30 or in the evening at 7:30 p.m. There are also a few creatively lit small jellyfish aquariums in the bar.

Las Vegas is famous for its food specials. There was a time you could get a complete steak dinner for $2. Those days may be gone, but overall, the cost of dining in Las Vegas is still better than in many parts of the country. How long has it been since you've really had a blast? Is Las Vegas on your list of fun places to go? Learn what the locals know about having a good time on a budget. Their Staycation just may be your dream! Since there is a major difference between catching a bite to eat and fine dining, or finding a drink and clubbing, we will be looking at these subtitles: Breakfast Lunch and Snacks, All You Can Eat Buffets, Restaurant Dining, Where to Get Cheap Drinks, andNightclubs and Lounges With No Cover Charge.
Eat and Drink For Less
Free Comps are anything but free. The casino management will be glad to give you a meal, pay for your room, or get you some show tickets. All you have to do is win or lose a lot of money. They rate you by how long you gamble, and how much you gamble. You have to sign up for their slot club or their table games club, insert your Player's Card into the machine or ask to be rated at the tables. Then after four hours you will likely qualify for some kind of Comp. After four hours of gambling, you will also have likely spent more than the Comps were worth!
Just the same, many of the specials require a Player's Club Card. It's not required that you use the card, only that you have one. And naturally, every casino has its own club. Fortunately, several of the clubs share an owner, and will honor cards from their affiliates. Club Cards are free, but for those of you who consider the Club Card thing just a little too much of a hassle, I will point out which specials require a card, and which ones don't.
Locals also tend to frequent their neighborhood casinos rather than the touristy ones; and the neighborhood prices are lower across the board. But when you come to Las Vegas on vacation you're not expected to spend an hour crossing town to find an obscure place to eat, so this list will focus on places within a mile of The Strip, and on Freemont Street (downtown.) If you were to do an exhaustive internet search you could find many of the same deals listed here, they do all advertise, but this will simplify matters for you. There is no way for me to cover all of the choices, as there are hundreds; and the establishments are not under my control, so they may change their specials; but this is where I'd go for specials on a regular basis. I hope you enjoy the variety and the prices.

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