Buy Teton Land - Real Estate Sales Specialist

SPECTRUM APARTMENTS / 348 UNITS / NOD FILED 11.5.2010

2010-11-10T19:30:00.000-08:00

SPECTRUM APARTMENTS / 348 UNITS / NOD FILED 11.5.2010

CLICK HERE FOR LAS VEGAS MULTI FAMILY FORECLOSURE REPORT : APARTMENT / CONDO / MOTEL COMPLEXES

CALL FOR COMPLETE BUYERS REPRESENTATION
SERVICE FOR TRACKING, DATA GATHERING AND
BEING POSITIONED FOR SHERIFFS AUCTION ON
FORECLOSURE COMMERCIAL
Ph 208 390 0737

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SPECTRUM APARTMENTS - NOD 11.5.2010

348 units
19.77 ac
built 1991

bought 5/2000 for $ 15 650 000
loan $ 11 700 000

60 N Pecos Rd
Las Vegas, NV 89101

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STORAGE FACILITIES, MAL INVESTMENTS - NOD 1.2.2010

2010-11-07T15:19:00.000-08:00

STORAGE FACILITIES, MAL INVESTMENTS - NOD 1.2.2010

CLICK HERE FOR LAS VEGAS MULTI FAMILY FORECLOSURE REPORT : APARTMENT / CONDO / MOTEL COMPLEXES

STORAGE FACILITIES, MAL INVESTMENTS - NOD 1.2.2010

sq ft 6185
built 1998

bought in 5/1998 for $ 453 500
loan amount $ 487 500

17 E Brooks Ave
North Las Vegas, NV 89030

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Storage Complex / Notice of Default filed 10.30.10 / Las Vegas Nevada

2010-11-04T04:34:00.000-07:00

Storage Complex / Notice of Default filed 10.30.10 / Las Vegas Nevada

CLICK HERE FOR LAS VEGAS MULTI FAMILY FORECLOSURE REPORT : APARTMENT / CONDO / MOTEL COMPLEXES

SOUTH TECH CHEYENNE STORAGE COMPLEX - NOD 10.30.10

built 2007
27 530 sq ft
1.66 acres

$ 13 450 000 price paid 8.2005

loan amount $ 3 411 768

2475 W Cheyenne Ave
North Las Vegas, NV 89032

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Paramount Motel / Sheriffs Sale 11.16.2010 / Las Vegas Nevada

2010-11-02T18:56:00.001-07:00

Paramount Motel / Sheriffs Sale 11.16.2010 / Las Vegas Nevada

CLICK HERE FOR LAS VEGAS MULTI FAMILY FORECLOSURE REPORT : APARTMENT / CONDO COMPLEXES

PARAMOUNT MOTEL - NOS 11.16.2010

Sheriffs Sale 11.16.2010

156 UNITS
57 790 sq ft ( approx 370 sq ft unit )
1.17 ACRES
built 1963

BOUGHT 4/2004 FOR $ 3 945 000
loan amount $ 2 200 000

est bid $ 2 490 000

1213 S Las Vegas Blvd
Las Vegas, NV 89104

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275 unit condo complex ( 248 units vacant and ready for sale ) - Las Vegas Blvd - 12 000 sq ft retail commercial

2010-09-17T10:11:00.000-07:00

www.buytetonland.com

Timothy Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

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Las Vegas Blvd - $ 42 million plus buyers commission costs

* developer will consider joint venture

275 unit luxury condo complex / 248 vacant and for sale

New construction

12 000 sq ft prime retail location is ready for tenants

- All retail suites have Las Vegas Blvd address and
prime signage opportunity

- Ample parking dedicated to retail customers

- Landscaped patio seating along LV Blvd

- Restaurant space, grease intercept ready

- Strong daytime population of
office professionals

- Zoning C-2 City of Las Vegas

- Suites from 980 - 4000 sq ft

247 class c apartments - Las Vegas - BEST PER DOOR COST IN lAS vEGAS

2010-09-17T06:05:00.000-07:00

The bank has this as an REO fee simple deal.

$ 5 225 000

This is a C class deal, that has low rents and been mis managed. There are 3 buildings and across the board they are currently 85% occupied. Two of the buildings are cash flowing, one is not.

336 unit condo / apartment rental complex - Near Summerlin - Las Vegas NV

2010-09-16T09:58:00.000-07:00

www.buytetonland.com

Timothy Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

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336 unit / $ 37 080 000

class A condo / apartment complex

net rentable area 332 784 sq ft

year built 1998

land area 16.16 ac

Full size washer/dryer in each unit

Fireplaces in second floor units

Large private patio / balcony with additional storage

State of art fitness center

Clubhouse

Resort style 24 hr swimming pool / spa

Borders Summerlin

Close proximity to class A office buildings, neighborhood shopping centers,
fashion, retail and restaurants

UNITS

128 1br / 1 bath 815 sq ft

56 2 br / 2 bath 998 sq ft

120 2 br / 2 bath 1104 sq ft

32 3 br / 2 ath 1253 sq ft

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3 568 000 gross rent potential

214 000 vacancy ( 6% actual )

3 354 000 net rental
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187 394 other income

107 094 utility reimbursement
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3 648 488 gross operating income

1 239 316 expenses

1 594 092 loan

815 080 cash flow
OPERATING EXPENSES

391 652 office payroll
107 512 management
33 600 landscaping
97 000 repairs / maintenance
226 800 utilities
28 560 advertising
35 400 insurance
234 792 property taxes
84 000 capital reserves
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1 239 316 total expenses

Las Vegas 61 unit Luxury Condos - Short Sale - inludes land for additional 311 units

2010-09-15T06:10:00.000-07:00

www.buytetonland.com

Timothy Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada
pH 208 390 0737
email : buy@buytetonland.com

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LUXURY CONDOS

Short Sale - bank wants offers

100% UNOCCUPIED
100% COMPLETE

61 unit ( entitled for 372 ) - INCLUDES LAND FOR ALL

units range 1064 - 4000 sq ft

baths from 1 to 3.5
br from 1 to 4

price in range of $ 6 374 500 - $ 7 649 400

4 story building

Exterior appointments

- guard gated entry
- two subterranean parking spaces per tenant with appointed storage
- outdoor heated pool and spa
- outdoor courtyard with lush foliage and calming water fountain

Two passenger elevators

Two interior stairwells

Foundation consists of poured reinforced concrete/perimeter footings and column pads

The construction components include concrete and steel.

The ground floor is a concrete slab on compacted fill, the other floors are steel reinforced concrete.

The building exhibits flat roofs with a built up composition roofing.

Underground parking garage which includes reserved handicap spaces and additional parking near the current sales office.

SALES OFFICE ON SITE FOR YOUR SALES TEAM

The individual units include roof mounted condenser/compressor units with forced air gas furnaces located within the interior of the units.

Each unit is individually metered for electrical usage. Anticipated operations indicated the Landlord is responsible for water, sewer, trash costs to the individual units, tenants shall pay all other utility costs.

The management office includes a security alarm system.

The improvements are fire sprinkled and all units are equipped with smoke detectors

UNITS

1A

1400 sq ft ( includes 336 sq ft patio )
1 br, 1 bath
computer alcove
two sided fireplace

1B

1738 - 2173 sq ft ( includes 153 - 588 sq ft patio )
2 br, 1 ¾ bath
computer alcove
two sided fireplace

1C

5188 sq ft ( includes 1024 sq ft terraces )
4 br, 3.5 bath
computer alcove
two sided fireplace
loft

15 MODELS TOTAL - CALL FOR DETAILS

re : 61 unit ( entitled for 372 ) luxury condo complex - LV - includes land for all

2010-09-01T19:03:00.000-07:00

100% UNOCCUPIED

61 unit ( entitled for 372 ) - includes land for all / luxury condos

units range 1064 - 4000 sq ft

price in range of $ 6 374 500 - $ 7 649 400

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230 units ( of 360 total )

Apartment / Condo

Henderson

$ 12 017 500

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240 units / Bank Owned

Condo Mapped Apartments

Off Tropicana

$ 12 540 000

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72 unit apartment building / bank approved short sale

$ 1 567 500

built 1981

7 two story buildings

50 856 sq ft rental

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247 class c apartments units in the old Vegas area.

The bank has this as an REO fee simple deal.

$ 5 225 000

This is a C class deal, that has low rents and been mis managed. There are 3 buildings and across the board they are currently 85% occupied. Two of the buildings are cash flowing, one is not.

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63 UNIT LUXURY CONDO PROJECT NEAR STRIP

$ 9 718 500

BANK OWNED FORECLOSURE REO - NOT LISTED - GENERAL OFFERING BY BANK

LOCATED NEAR STRIP

ORIGINAL COST OF CONSTRUCTION $ 23 000 000

2 and 3 BR Condos

144 car parking facility

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New Construction

275 unit luxury project

near strip

248 units unsold

12 000 commercial

owner will consider JV

$ 42.3 mil

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608 unit condo rental project

popular rentals

2.5 mil + CF before debt service

$ 85 mil

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Broken condo deal

172 out of 450 available at 150 per square foot.

This package is for the sale of 20 of them, but all can be had for 50 per square foot less than these.

The developer will turn over his seat on the board.

Gorgeous property

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Condo Development

Broken condos so 205 available of 265 condos

Bank wants 120K a door

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Next to Summerlin / Condo - Apartments

$36.575 mil for 336 units

At current rents is a 6 cap.

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Apartments Class A

$25 080 000 mil firm from seller (purchased for $42MM in 2008)

Built 2000. 352 units on Lake Mead Blvd in Vegas.

80% occupancy.

Give me a call if I can be of any help - pH 208 390 0737

BANK OWNED FORECLOSURE APARTMENTS LAS VEGAS

2010-08-08T11:32:00.000-07:00

www.buytetonland.com

Timothy Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada
pH 208 390 0737
email : buy@buytetonland.com
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BANK OWNED FORECLOSURE - POSITIVE CASH FLOW

Here is 247 units in the old Vegas area just East of the strip on Fremont. The bank has this as an REO fee simple deal and they are firm at 5MM no less.

That is about 20k a door. This is a C class deal, that has low rents and been mis managed. There are 3 buildings and across the board they are currently 85% occupied. Two of the buildings are cash flowing, one is not.

If you look below on the back of the napkin numbers the group that has the listing thinks pro-forma is at a 17 CAP. We need commission covered from the buyer.

Also here is the back of the napkin underwriting:

This is how the P&L should be according the reps:

(This is obviously quick & dirty, but paints the picture)

GPI: 1,111,500.00 (375 X 247 X12) –Took the low end rent number to be conservative

-Vacancy (111,150.00) – Took 10%, but it should be 5-6% only.

EGI: 1,000,350.00

Less Expenses:

Management (5%): 50,017.50

Maintenance: 24,000.00 ($2k per month)-variable calls only, no permanent staff member or could potentially give a free unit to someone to live on site.

Utilities: 12,000.00 (Common areas only, tenants should pay their own)

Insurance: 18,000.00 ($1500/mo)

Advertising: 12,000.00 ($1000/mo)

Taxes: 20,000.00 (.01 X purchase although it should be less)

Legal: 2,500.00

Total: $138,517.50

NOI: $861,832.50

Projected Cap Rate: 17.2%

Lehman Brothers Betting on Commercial Sales

2010-08-07T06:26:00.000-07:00

www.buytetonland.com

Timothy Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

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Bankrupt Lehman Betting on Commercial Sales

Bankrupt Lehman Brothers Holdings Inc. is betting its recovery on an increase in property values.

Alvarez & Marsal, the advisory firm overseeing the firm’s bankruptcy, has reinvested more than $1 billion in apartments, office buildings, and other commercial property located all over the country that is owned or financed by Lehman. The advisory firm hopes to salvage as much as possible from the $14.4 billion of commercial real estate in various stages of distress that Lehman owns.

Some observers say the strategy is questionable, but Alvarez & Marsal believe that they can recover $11 billion from the assets through careful management, more than double the amount they would likely get from a quick liquidation.

Source: The Wall Street Journal, Lingling Wei (08/04/2010)

Investors Betting ON Building Sites

2010-06-27T06:45:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Hedge Fund Bets on Land
Hedge Fund Paulson & Co. is now betting that land is undervalued. It is bidding on 8,000 residential lots in Arizona, Colorado, and Nevada, owned by home builder Tousa Inc., which is in bankruptcy.

In other areas, builders are making similar wagers, snapping up property while it is cheap. They are in agreement that values will increase. It is only a question of when.

"The real risk is timing," says John Burns, an Irvine, Calif., home-building-industry consultant. "It's hard [for investors] to realistically estimate when they can sell and for how much."

Source: The Wall Street Journal, Lingling Wei and Robbie Whelan (06/23/2010)

Walk Away From Mortgage ? Lenders May Sue You

2010-06-16T09:45:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Lenders Warn Foreclosure May End in Lawsuit

The housing crisis will spark a wave of lawsuits filed by lenders seeking to recoup loses on home sales and foreclosure auctions that do not return enough money to pay the mortgages in full, according to real estate and legal experts.
Experts predict that mortgage companies will begin to sue home owners in the next two years, including borrowers who ransack a house that has been lost to foreclosure and those who walk away from "underwater mortgages," with hopes of discouraging others from such behavior.

Lenders are unlikely to target borrowers who negotiate in good faith or have defaulted on their home due to job loss or other unforeseen circumstances; other borrowers could be hounded by collection agencies that have purchased their mortgage debt from their lender.

Source: RISMedia (06/08/10)

Bank of America To Reduce Principal

2010-06-06T05:59:00.000-07:00

www.buytetonland.com

Timothy S Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
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BofA Rolls Out Plan to Forgive Principal

Bank of America announced Wednesday that it was rolling out a relief program for roughly 45,000 of its most troubled borrowers that would reduce mortgage principal by as much as 30 percent.

To be eligible, homeowners must have missed at least two monthly payments and owe 20 percent or more than their home is worth. Homes must have been originally financed by Countrywide Financial Corp. under specific lending programs.

The offer is a result of an agreement with state attorneys general that settles charges over high-risk loans made by Countrywide. The federal government will pay 18 percent of the forgiven principal.

Source: The Associated Press (06/02/2010)

140K/8+ ac w/home / BANK OWNED FORECLOSURE /Teton Valley

2010-05-26T07:04:00.000-07:00

Commercial Turn Around

2010-05-16T05:30:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Commercial Markets May Turn Around in 2011
With high vacancy rates and extremely low prices, the commercial real estate market is going through tough times. For many practitioners and brokerages today, it’s more about survival than success.

“Commercial real estate has been whacked,” NAR Chief Economist Lawrence Yun told an audience of REALTORS® Thursday at the Economic Issues and Commercial Business Issues Forum during the 2010 Midyear Legislative Meetings & Expo. “It’s been a horrible cycle. Residential [real estate] is coming back, but commercial is just trying to stop the bleeding.”

However, a turnaround in commercial real estate may be underway as soon as next year, Yun said. There are indications of improvement in the broader economy — such as rising corporate profits, job creation, and greater availability of credit — that could bode well for the commercial sector. It may be some time before the impact of those developments is felt by commercial practitioners, though.

“Commercial real estate lags the economy by about a year,” he said. “If the economy turned around today, it would be a year from now before commercial recovers.”

Some aspects of the commercial market might improve as early as this year. For instance, the financial picture of real estate investment trusts appears to be getting better already. Also, Yun said the number of commercial property transactions may go up this year, even if the other fundamentals remain weak.

It’s important to note that a return to peak levels for the commercial sector is still at least a few years away. But by next year, the darkest days may be in the rearview mirror, experts say.

— Brian Summerfield, REALTOR® Magazine

Housing Inventory Tight

2010-05-12T14:56:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Housing Inventory Tight in Parts of the Country
Homes for sale are in short supply in some parts of the country. Inventories are considered tight when it would take buyers six months to buy up the backlog, and that's just what's happening in many major cities.

In Denver, there is a 5.7-month supply; Phoenix, 4.5 months; and San Francisco, 3.2 months.

All over California, the supply of homes that sell for less than $300,000 is tight, said Leslie Appleton-Young, chief economist for the California Association of REALTORS®.

In the Pacific Northwest, Lennox Scott, CEO of John L. Scott Real Estate, doesn’t believe the end of the tax credits will ease demand. "In lower price ranges, prices will stay fairly stable because we're undersupplied," said Scott.

NEW FORECLOSURE LISTINGS / RESORT COMMUNITIES / VICTOR IDAHO

2010-05-12T06:42:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
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$ 330 000

NEW FORECLOSURE LISTINGS - VICTOR IDAHO

ONCE MILLION DOLLAR HOMES - BANK OWNED PROPERTIES

RESORT COMMUNITIES

CALL FOR COMPLETE LIST

p 208 390 0737
email buy@buytetonland.com

Timothy Anderson
Windermere Real Estate Teton Valley

Home Values Critical To Recovery

2010-05-11T04:35:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Home Values Impact All Areas of Economy

Real estate can be an engine or a brake for the U.S. economy. And today, it's mostly slowing things down.

"The housing market, since it was the epicenter of the crisis, is also central to the feeble recovery," says Ethan Harris, an economist at Bank of America Merrill Lynch.

Everything is interconnected: Employment is closely tied to construction spending, which is 25 percent below what it was in 2006. And because property values remain low, many people are mired in debt and can no longer rely on home equity to help them out of it.

The decline in property values is also preventing small businesses from using equity to expand. And lower property values mean lower property taxes, which dents government spending on everything from teachers to police officers.

Source: The Wall Street Journal, Conor Dougherty (05/10/2010)

BANK OWNED FORECLOSURE / 330 UNIT MOTEL AIRPORT LOCATION / LAS VEGAS

2010-05-08T19:17:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737e
mail : buy@buytetonland.com

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BRING SOME KIND OF OFFER !!!!

Agent/Broker Description
The property consists of 8, two story walk up buildings with exterior entries. Built in 1980, the hotel encompasses 103,488 square feet and provides 330 hotel rooms. The property has two swimming pools, a full kitchen, bar/lounge and office. Situated on 4.85 acres on two separate parcels, the hotel has adequate parking to accommodate its current use.
Property Features
Bank Owned Hotel Currently Closed
330 Rooms
Located next to McCarran International Airport
2 parcels totaling 4.85 acres
Zoned H-1
No current management or franchise agreements in place
Close to the Las Vegas Strip

Trophy Home News

2010-05-08T07:37:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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The 'Cher House' Sold in Miami

ONE Sotheby’s Realty in Miami closed this week on the resale of a mansion sold by singer Cher in 2006 to Sean Wolfington. The recent sale brought $10.45 million, about $2 million more than Wolfington paid.

"There's a shortage of trophy properties on the market and we are seeing an increasing number of wealthy foreign buyers from Latin America and Europe looking to capitalize on the weak U.S. dollar," says Daniel De La Vega, broker of ONE Sotheby's Realty.

Associate Jorge Uribe, who listed the property, says, "A lot of people told me to lower the price by 20 percent to 30 percent because everything was down, but I advised my client to be patient. In the end, the new owners paid a great price for one of the most unique properties in Miami.”

Source: ONE Sotheby’s Realty (05/06/2010)

Region House Prices Still Falling

2010-05-05T15:31:00.000-07:00

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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10 Markets Where Prices Are Still Falling
While the overall housing market appears to be on the mend, there are some Metropolitan Statistical Areas where prices are still falling.

Forbes magazine asked Local Market Monitor, a real estate research firm, to examine all 315 MSAs and identify those where home prices are still at least 10 percent above the point where home prices should be based on economic fundamentals.

Many of these locales have higher than average home prices because they are relatively small and their economies are dependent on a few businesses or a single industry. When those businesses run into trouble, the communities feel the pain.

Here are the top 10 places that Local Market Monitor identifies as most vulnerable to continued price declines:

Atlantic City/Hammonton, N.J.
Provo, Utah
Portland, Vancouver, Oregon, Ore.
Glen Falls, N.Y.
Bellingham, Wash.
Flagstaff, Ariz.
Charleston/Sommerfield, S.C.
Eugene/Springfield, Ore.
Salisbury, Md.
Salt Lake City, Utah

Source: Forbes, Francesca Levy (04/27/2010)

Real Estate Killing

2010-05-04T15:18:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Woman Sentenced for Slaying Practitioner
A personal assistant convicted of slaying Linda Stein, a well-known Manhattan-based real estate practitioner, was sentenced Monday to 27 years and four months to life in prison.

Stein, who represented such clients as Madonna and Sting, was found beaten to death in her Fifth Avenue penthouse in 2007.

Her personal assistant Natavia Lowery was prosecuted as a thief who stole thousands of dollars from her employer.

Lowery admitted in a videotaped statement that she killed Stein, but later recanted. She continues to maintain that she is innocent.

Source: Associated Press, Jennifer Peltz (05/03/2010)

SKI HIL ROAD BANK OWNED FORECLOSURE / TETON VALLEY IDAHO

2010-05-04T06:59:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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BANK OWNED FORECLOSURE $ 225 000

SKI HILL ROAD LOCATION / DRIGGS

1500 SQ FT

2+ ACRES

LANDSCAPED

* If you have ever thought of Ski Hill Road location with close access to
Grand Targhee this is it !

WILL NOT LAST LONG - POPULAR BANK OWNED FORECLOSURE

Builders Snapping Up Land

2010-04-29T07:04:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Builders Snapping Up Land at Brisk Pace

Home builders are vying actively to buy land to buy in anticipation of a market turnaound.

"There's been an absolute land rush," says Gregor Watson, a partner with McKinley Partners, a California-based real-estate fund.

Builders prefer land with improvements, including sewers and streets because it allows homes to be constructed quickly. Especially attractive are suburban lots in neighborhoods that are easy commutes.

Nationally, the price of finished lots are up about 20 percent from early 2009. Prices for attractive lots in Phoenix and Southern California have risen 60 percent. Nationwide, the best-located lots are fetching twice as much as they would a year ago, said Greg Vogel, CEO of Land Advisors Organization, a land brokerage firm based in Scottsdale, Ariz.

Source: The Wall Street Journal, Dawn Wotapka (04/21/2010)

Owner Financing Available / Not In Subdivision / Teton Valley

2010-04-28T18:09:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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2 - 2.5 ac lots

Not In Subdivision - $ 50k each

OWNER FINANCING AVAILABLE

Victor - Driggs Area

call pH 208 390 0737

5 costly Mistakes First Time Home Buyers Make

2010-04-21T06:11:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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5 Costly Mistakes First-Time Buyers Make

Buying a first home can be a daunting experience. Here are five common and costly mistakes that novice home buyers make:

1. Ignoring the costs of having a low credit score. Lower-score borrowers pay thousands of dollars in increased interest rates over the life of the loan.
2. Muddying the waters by shopping for other things before closing. Lenders continue to check credit scores right up until the time of closing. Too much shopping could cause the lender to take back the loan.
3. Scrimping on an inspection. Being surprised by the need for expensive repairs can be financially devastating.
4. Buying without contingencies. Buyers should give themselves an out if the inspection turns up problems or the bank raises the interest rates.
5. No money for insurance. Insurance can be surprisingly pricey. Buyers who don’t budget for it can face a nasty surprise.

Source: CNNMoney.com, Les Christie (04/19/2010)

Dow Ready to Debut Solar Roofing

2010-04-18T21:23:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Dow Ready to Debut Solar Roofing

Dow Chemical is rolling out a new kind of solar roof that could make adding solar power generation a simple and inexpensive process.

The company is integrating film solar cells into roofing shingles that are nailed onto the roof just like conventional asphalt shingles.

The concept still isn’t perfected, but builders Pulte Homes and Lennar Corp. have successfully tested prototypes.

Dow’s Chief Technology Officer William Banholzer estimates that 250 shingles covering 1,000 square feet of roof and generating 3.5 kilowatts on a sunny day will cost the average homeowner $10,000, half of which he would have incurred anyway to put regular asphalt shingles on his roof.

5 Signs a Home Has Potential

2010-04-18T20:55:00.001-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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5 Signs a Home Has Potential

The best deals on homes these days are often on properties that aren’t perfect.

Home shoppers looking for a great deal should keep these factors in mind when they are looking for a place with potential:

· Location, location, location. It’s still true that you get a better deal when you buy the worst house in a great neighborhood than you do when you buy a fancy house in a not-so terrific neighborhood.

· Less than 50 years old. Properties older than a half decade are likely to have more fundamental problems — like aging wiring, inadequate plumbing and sagging foundations.

· Livable floor plan. Buyers should select a home with a basic design they can live with. Once they start moving walls, they’re into big money.

· Light. Houses with the most potential have plenty of natural light.

· Good storage. Adding storage isn’t cheap, so it’s smart to choose a property that already has it.

Source: MSN.com, Marilyn Lewis (04/12/2010)

House Flippers Back

2010-04-03T20:34:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

The New Face of House Flipping

Home flippers have their groove back, but this time around most of them are pros who are savvy enough to buy the right properties and turn them over quickly.

Nationally, the number of flipped homes rose 19 percent to 197,784 in 2009, according to RealtyTrac. Flipping has been encouraged by a Federal Housing Authority one-year rule change, which allows FHA borrowers to buy foreclosed homes from owners who have held title for less than 90 days.

Many of the today’s flippers are wealthy foreign investors from countries like Israel, Germany, and Spain. In many cases, they bid without ever seeing the properties, relying on services that checks titles and send drivers to properties to relay photos and descriptions via mobile phone to bidders.

Source: BusinessWeek, Prashant Gopal (03/31/2010)

Anthem Country Club Henderson, NV - SHORT SALE

2010-03-31T05:20:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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$ 500 000

Anthem Country Club
Henderson, NV

3374 sq ft
.27 ac

3 br, 4 bath

View This Home Saturday 4/4

68 Unit Henderson NV Apartment Complex - Price Reduced - $ 20K Unit

2010-03-30T05:20:00.001-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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68 units

49 640 sq ft

2.11 ac

DRAMATIC PRICE REDUCTION FOR IMMEDIATE SALE! * CASH OFFERS ONLY * OFFER MUST ACCOMPANY PROOF OF FUNDS AND THE ABILITY TO CLOSE!

Lender and Seller authorizes a dramatic price reduction for a qualified Buyer that can close expediently and with certainty. If you are a principal with the ability to close quickly and with ALL CASH. We would like to talk with you.

Henderson Plaza offers the opportunity to acquire a 68 unit residential apartment complex for $20,000 per unit. Constructed in 1963 and are comprised of 17 two-story low-rise garden in four-plex configurations. Gross building area of approximately +/-49,640 SF and 2/1ba units averaging +/-730 SF.

Markets Where Home Prices Could Rise Most

2010-03-28T19:46:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Markets Where Home Prices Could Rise Most
Money Magazine has released its latest home-price projections for the country’s largest metropolitan areas. Here are the 10 cities where it believes home prices will rise the most in the next year, and the 10 where it foresees the most substantial declines:

Where prices will rise:

• Santa Rosa, Calif., 6.0 percent
• Cheyenne, Wyo., 4.7 percent
• Kennewick, Wash., 4.6 percent
• Merced, Calif., 4.4 percent
• Bremerton, Wash., 4.2 percent
• Fairbanks, Alaska, 4.2 percent
• Corvallis, Ore., 4.1 percent
• Tacoma, Wash., 3.9 percent
• Anchorage, Alaska, 3.8 percent
• Bend, Ore., 3.3 percent

Where prices will decline:

• Miami, -22.5 percent
• Fort Lauderdale, Fla., -21.3 percent
• West Palm Beach, Fla., -18.5 percent
• Phoenix, -18.5 percent
• Las Vegas, -15.4 percent
• Tampa, -13.8 percent
• Pensacola, Fla., -13.6 percent
• Gainesville, Fla., -13.4 percent
• Suffolk, N.Y., -13.4 percent
• New York City, -12.9 percent

Bank Owned Foreclosure Property - Driggs

2010-03-26T05:38:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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Legal Description: Lot 15, Creekside Meadows PUD, Phase IV Rendezvous Townhomes

Public Remarks: Bank owned and priced to sell--this immaculate 3 bedroom, 2.5 bath Rendezvous Townhome end unit is a fabulous buy!!

Directions: Located in Creekside Meadows-Forest View Dr., app. 1 mile south of Driggs, Idaho

3br, 3 bath

$ 129 900

Bank Owned Las Vegas Condo Loft Project - 80 units

2010-03-20T21:26:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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BANK OWNED FORECLOSURE CONDO COMPLEX

80 units

Built for $ 540K unit.

Lender will consider $ 120K unit - $ 10 million

Great Las Vegas location - west side near Red Rocks.

GREAT INVESTMENT FORECLOSURE PROPERTY

Wave of Foreclosures Coming

2010-03-14T08:23:00.000-07:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Future Foreclosures Could Hamper Housing

In spite of signs of a recovery, many home buyers are continuing to fall behind on their mortgages. Some economists see this as an indication that a second major wave of foreclosures is likely, even though the housing market appears to be stabilizing.

This next upsurge in foreclosures could cause more disruption and push prices down farther.

Housing experts say that the recent favorable housing data doesn’t reflect the number of properties that banks have left in limbo — repossessed, but not yet on the market.

"Lenders are deluged by late-stage delinquencies. The pent-up foreclosure inventory is there," says Massoud Ahmadi, director of research for the Maryland Department of Housing and Community Development.

Source: Washington Post, Renae Merle (03/12/2010)

Foreclosed Borrowers May Get Loans Again

2010-03-06T06:28:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Foreclosed Borrowers May Get Loans Again

Will people who currently face foreclosure or short sales or who walk away from their underwater properties ever be able to get financing to buy another home down the road?

Banks haven’t been very forthcoming on this issue. However, knowledgeable observers of the situation say that while it may take some time, the situation will right itself for most people.

Because bankrupt borrowers have eliminated their debts, they should "constitute attractive fodder for mortgage lenders," says University of Michigan law professor John Pottow, whose specialty is bankruptcy.

As home prices and the mortgage market stabilize, lenders will be motivated to lend to people who previously had financial troubles if they look like they can pay the next time around, says Alan Riegler, a consultant with CCG Catalyst, which advises banks.

"The lender who figures out how to do more of this case-by-case stuff cost-effectively is going to end up ahead of the pack," Riegler says.

Source: Inman News, Matt Carter (03/05/2010)

Rise In Apartment Demand

2010-03-04T13:08:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Analysts See Rise in Apartment Construction

Developers of apartment buildings are getting back in the game, betting that the improving economy and limited new construction will provide an opportunity for success.

Multi-family housing starts in January rose 9.2 percent, according to the U.S. Commerce Department.

Investors are encouraged by the number of people between the ages of 20 and 34 — prime renting age — which is expected to grow by 5 million over the next decade, says Hessam Nadji, managing director of Marcus & Millichap.

Plus, building costs — including labor, lumber, and concrete — have all fallen over the last two years.

"Apartment REITs (real estate investment trusts) may generate the best property net-operating-income growth that they've seen in a very long time, maybe ever," says Haendel St. Juste, a REIT analyst with Keefe, Bruyette & Woods Inc.

Source: The Wall Street Journal, Dawn Wotapka (03/03/2010)

Housing Crisis Ending By 2011

2010-03-02T08:09:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Buffett Predicts Downturn Will End in 2011

Billionaire investor Warren Buffett predicted that the real estate market downturn will end by 2011 as the housing inventory declines.

"Within a year or so, residential housing problems should largely be behind us," Buffett wrote in his annual letter to the shareholders of Berkshire Hathaway, where he is chairman and CEO. "Prices will remain far below 'bubble' levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits. Indeed, many families that couldn't afford to buy an appropriate home a few years ago now find it well within their means."

He also pinpointed what he sees as the cause of the downturn. "People thought it was good news a few years back when housing starts — the supply side of the picture — were running about 2 million annually," wrote Buffett, "But household formations — the demand side — only amounted to about 1.2 million."

Source: Bloomberg News, Andrew Frye (03/01/2010)

Las Vegas Commercial / Prime Location / In Probate

2010-02-28T21:14:00.000-08:00

Hello !

See attachment

This LV commercial property grabbed my attention because :

- prime location on Las Vegas Blvd.

- property is in estate / sale must be approved by probate judge

- been on the market 3 days

Corner of Las Vegas Blvd / Bonanza .

4542 structure

.42 ac lot / need to verify

List price $ 510 000

I am speculating that someone my get approval from probate for a good investment sales price from this probate judge.

Still trying to gather more info on this property - let me know if you are interested.

FDIC Considers Principal Reduction For Underwater Homeowners

2010-02-27T08:55:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

FDIC Considers Principal Reduction Program

The Federal Deposit Insurance Corp. is experimenting with a plan to help underwater home owners by reducing principal as long as they continue to pay their mortgages for an as-yet-undetermined period of time.

"We're thinking about it in terms of earned principal forgiveness. If you stay current on your mortgage, you would earn a principal reduction. It would only be for loans significantly underwater," says FDIC Chair Sheila C. Bair.

The initiative would be very limited in scope and would be launched later this year.

Lender Wells Fargo also has been carefully experimenting with principal reductions on a limited basis. "I do not believe that you can do a programmatic-wide or country-wide principal forgiveness [program]. You end up with many problems if you try to do this across the board," says Mike Heid, co-president of Wells Fargo Home Mortgage.

Source: Washington Post, Renae Merle (02/26/2010)

Commercial Foreclosures Loom - Huge Drag On Economy

2010-02-25T07:12:00.000-08:00

Even as the economy shows signs of recovery, a government watchdog is warning that another financial crisis is coming round the bend -- and that the Treasury Department and financial regulators are not prepared to deal with it. "There is a commercial real estate crisis on the horizon, and there are no easy solutions to the risks commercial real estate may pose to the financial system and the public," says a report issued Thursday by the Congressional Oversight Panel, the bailout watchdog led by Harvard Law professor and middle-class advocate Elizabeth Warren. "The Panel is concerned that until Treasury and bank supervisors take coordinated action to address forthrightly and transparently the state of the commercial real estate markets -- and the potential impact that a breakdown in those markets could have on local communities, small businesses, and individuals -- the financial crisis will not end." Over the next five years, about $1.4 trillion in commercial real estate loans will reach the end of their terms and require new financing. Nearly half are "underwater," meaning the borrower owes more than the property is worth.

Commercial property values have fallen more than 40 percent nationally since their 2007 peak. Vacancy rates are up and rents are down, further driving down the value of these properties. When the reckoning comes, it could threaten everyone from banks and pension funds to renters and small businesses -- and small banks could be particularly vulnerable. Warren warned against government inaction. "When commercial properties fail, the result is a downward spiral of economic contraction; job losses; deteriorating store fronts, office buildings and apartments; and the failure of the banks serving those communities," she said. "These are the same small banks that provide loans to the small businesses that create jobs and boost productivity. If hundreds more community banks go under the effect could be to dump sand in the gears of our economic recovery. Story continues below "We need to start now before the system is on the brink of collapse to work out a plan." The report's exhaustive description of the coming crisis isn't new. What's new is its conclusion, based on the panel's review and conversations with Treasury officials, that the U.S. government is unprepared. It "strongly urges Treasury to put a plan in place now to deal with the coming crisis," Warren told reporters Wednesday during a conference call.

The report spells out why: In a recent speech, Dennis Lockhart, president of the Federal Reserve Bank of Atlanta...spoke about the "potential of a self-reinforcing negative feedback loop" involving bank lending, small business employment, and commercial real estate values. Lockhart noted that small businesses tend to rely heavily on smaller financial banks as a source of credit. He further noted that smaller financial institutions tend to have a larger-than-average concentration in commercial real estate lending. Lastly, he noted that banks with the highest levels of exposure to commercial real estate loans account for almost 40 percent of all small business loans. What this means is that a small bank that does not make many loans -- perhaps because it is hoarding capital to offset future losses in the value of its commercial real estate portfolio -- can feed a vicious cycle that does additional damage to the bank itself. The lack of lending may mean that small businesses that rely on the bank as a source of credit will be forced to shut their doors. This drives up vacancy rates on commercial real estate in the local region, which puts more downward pressure on real estate prices. And those falling prices can lead to additional write-downs in the bank's commercial real estate portfolio.

Because commercial real estate loans typically have three- to five-year terms, those loans are constantly being refinanced. The problem is that loans made at the height of the boom -- 2005 to 2007 -- were based on inflated values during a time of easy money, and now they're coming up on the end of their terms. "There was a big commercial real estate bubble, and it has to come down," Warren said. "And that means there will be losses to be borne by investors and banks." The report notes that $770 billion (53 percent) of commercial mortgages maturing from 2010 to 2014 are underwater. More than 60 percent of mortgages maturing in 2012 and 2013 are underwater. Many of these loans are likely to default, and the losses could cause more small- and medium-sized banks to collapse. The nation's 20 biggest banks -- those with at least $100 billion in assets -- have an average commercial real estate exposure equal to 79 percent of their total risk-based capital, according to the report. For the nation's roughly 7,000 community banks -- those with less than $10 billion in assets -- the average commercial real estate exposure equals 288 percent of total risk-based capital.

So the average community bank has about $3 in commercial real estate loans for every $1 set aside to cover possible losses. The panel calls for regulators to perform on small banks the kind of "stress tests" that were conducted last year on the nation's 19 biggest bank holding companies to assess their health if the economy deteriorated. But in a sign of the government's unpreparedness, Warren notes that last year's stress tests were overly limited. "Concerns over commercial real estate are very real," Warren said. "The largest loan losses are projected for 2011 and beyond, but the stress tests conducted on big Wall Street banks last year examined their stability only through 2010." There are more than 10,100 troubled commercial properties worth more than $205 billion across the U.S., according to Real Capital Analytics.

The report notes that banks alone could experience losses nearing $300 billion. The Treasury Department declined to comment on the report. However, a spokeswoman pointed to Treasury Secretary Timothy Geithner's remarks during a September hearing before the panel. In discussing smaller banks and their exposure to commercial real estate, Geithner said they account for a small share of the nation's banking system, "so we are probably likely as a country to be able to manage through and withstand those remaining pressures."

Custom Home - 5 Year Unrestricted Family Ski Pass : Grand Targhee Ski Resort w / purchase of home

2010-02-23T17:10:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Once $ million dollar home :

now $ 575 000

Lot 10 of the Redtail PUD, Driggs, ID 83422

This gorgeous custom home is a LEED certified (green built-energy efficient)home with reclaimed hardwood floors, granite counters, high end appliances, large stone fireplace & more. The next 5 Buyers will be given a 5 year unrestricted family ski pass at Grand Targhee Resort.

This home is potentially a short sale

Directions: Redtail is located 2 miles east of Driggs on the south side of Ski Hill Road; minutes from Grand Targhee

Free 5 Year Unrestricted Family Ski Pass : Grand Targhee Ski Resort w/ purchase of lot

2010-02-23T16:37:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

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REDTAIL CROSSING

.53 AC LOT

$ 105 000

Legal Description: Lot 43 of Redtail PUD, Driggs, ID

The Redtail Community is located in the Teton Creek Basin, amongst wildlife & trees. Only minutes from Driggs & Grand Targhee Resort.

The first 5 Buyers will be given a 5 year unrestricted family ski pass at Grand Targhee Resort.

Directions: Redtail is located 2 miles east of Driggs on Ski Hill Road.

Las Vegas - East Sahara - Bank Owned Car Wash - Prime Location

2010-02-22T07:39:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Hello !

This LV car wash commercial listing has some good investment potential.

See attachment for listing detail :

- BANK OWNED CAR WASH

- Prime E Sahara Avenue location

- .57 ac / 84' x 298 '

- 8 bay

- 2400 sq ft canopy

- next to car sales lot

- listed for $ 399K

I really think the Sahara Ave prime location and the fact this is distressed bank owned property if bought at the right price it could be a really good investment.

Protecting Mortgage Interest Deduction

2010-02-20T07:36:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Protecting the Mortgage Interest Deduction

On February 1, President Obama released his budget proposal for 2011. Consistent with its proposed FY 2010 budget, the Administration's again has recommended limiting the value of the mortgage interest deduction (MID) for upper income taxpayers by, in effect, converting the deduction to a 28% tax credit for those individuals currently in the 33% or 35% tax brackets.

The mortgage interest deduction has been part of U.S. tax policy since the federal tax code was first enacted in 1913. It is a remarkably effective tool that facilitates homeownership. While only about 30% of all taxpayers in any given year itemize their deductions, more than 3/4 of homeowners utilize the deduction over the period they own their home. For this reason, NAR is 100% opposed to the provision that modifies the MID and prepared to use its formidable array of resources against its enactment.

Under current law, interest paid on up to $1 million of mortgage debt, plus interest paid on home equity loans or lines of credit of up to $100,000 may be deducted. These caps apply to the combined indebtedness on a principal residence and one additional residence. As currently drafted, the Administration's proposal would change the MID by reducing the economic benefits of mortgage deductibility for families earning over $250,000 (AGI) and on single taxpayers earning over $200,000 (AGI).

In the past, most Members of Congress have supported our views and also opposed changes to the MID. Senator Max Baucus, Chairman of the Senate Committee on Finance, and Representative Charles Rangel, Chairman of the House Ways and Means Committee, along with their other colleagues, pointed out in 2009 that changes to itemized deductions were ill advised stating "some of the reforms and offsets contained or referenced in the budget, such as the limitation on itemized deductions, raise concerns and will require more study as we determine the best policies for getting America back on track."

Today's housing market, while improving, cannot absorb any negative signals, no matter what the income level of the taxpayer and no matter what market segment of housing might be affected. As we did in 2009, NAR will launch a multi-phase plan of action to eliminate this provision from the budget plan. NAR has already sent letters to Members of the House of Representatives and the Senate and will continue to protect the MID.

2009 Foreclosure Trends - Worst States

2010-02-19T07:08:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Foreclosing on 2009

by Selma Lewis, Research Economist

At the end of 2009, foreclosures were definitely "in the news." And for good reason. The number of foreclosures rose from 1.8 million at the end of 2008 to about 2.5 million at the end of 2009. According to RealtyTrac, at the end of 2009, there was a total of 2,824,674 properties involved in foreclosure filings; that total includes default notices, scheduled foreclosure auctions and bank repossessions. This means that 2.21 percent of all U.S. housing units - one in 45 - received at least one foreclosure filing during 2009. That is up from 1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in 2006.

It is important, however, not to generalize foreclosure trends across all states. In fact, four states - Nevada, Arizona, Florida, and California - account for 45 percent of the foreclosure inventory (according to the Mortgage Bankers Association's Mortgage Delinquency Survey) and 50 percent of all delinquency filings (based on data from RealtyTrac). Nevada tops the list with more than 10 percent of its housing units receiving at least one delinquency notice. In general, throughout 2009 these four states topped the list with the highest rates of filings and the number of foreclosures.*

In contrast, Vermont boasted the lowest foreclosure rate - 0.05 percent of its housing units - as well as the lowest absolute number of foreclosures - 143. Similarly, North Dakota had only 0.13 percent of its housing units receiving a delinquency notice. West Virginia was third at 0.17 percent and South Dakota ranked fourth at 0.21 percent. For comparison, the average national delinquency rate in the same quarter was at 8.85 percent.
Current Situation

At the beginning of the foreclosure crisis, mortgage defaults were primarily among non-prime borrowers. But things changed. In 2009, the wave of foreclosures were largely among prime loans. This suggests that while the initial crisis stemmed from bad underwriting practices, the extension of the crisis was due to the national economic recession and borrowers losing their jobs. Actually, the number of seriously delinquent prime loans grew at a much faster rate in 2009 - 66 percent - than did the number of seriously delinquent subprime loans, which increased by about 20 percent. As a result, prime loan defaults accounted for about 60 percent of the increase in all delinquent loans over the past year.

Similarly, the number of prime loans in foreclosure has doubled in each of the past two years, 99 percent between 2007 and 2008, and 95 percent in 2009. In comparison, the number of subprime loans in the process of foreclosure increased only 5 percent in the past year and 12 percent the year before. There has been, however, a much lower share of subprime loans originated in the last year, falling by 14 percent from the year prior. In the 3rd quarter of 2009, prime mortgage foreclosures accounted for 54 percent of all foreclosures, while subprime loans accounted for 36 percent.

In the last couple of months, it has become evident that the foreclosure crisis has moved "up market." Among recent prime loan defaults, those loans with balances of between $417,000 and $600,000 have performed the worst. In fact, the monthly Mortgage Monitor by Lender Processing Services (LPS) suggests that non-agency jumbo prime loans have had the worst deterioration rates year-over-year for both delinquencies and foreclosures, with delinquencies increasing some 85 percent and foreclosures increasing some 190 percent, both significantly higher than other product types. In 2006, homes in the bottom one-third of home values accounted for almost 55 percent of all foreclosures. In 2009, the bottom one-third made up 35 percent of foreclosures, compared to 35 percent and 30 percent for the middle and top one-thirds, respectively. That means 30 percent of foreclosures are homes in the top tier of local home values, almost twice the proportion of foreclosures than three years ago. Data by Amherst Securities suggest that the increasing rate of negative equity among top home price tiers might be kindling this trend.
Underwater

Nearly 10.7 million, or 23 percent, of all residential properties with mortgages were in negative equity as of the second quarter of 2009. An additional 2.3 million mortgages were possibly approaching negative equity - or having less than five percent in equity. That adds up to nearly 28 percent of all residential properties with a mortgage nationwide.

The share of homeowners "under water" is still largely concentrated in five states - in fact, those states with the highest foreclosure rates, namely Nevada, Arizona, Florida, Michigan, and California. Among the top five states, the average negative equity share was 46 percent, compared to 13 percent for the remaining states.

In terms of larger metropolitan areas (with population greater than 50,000 people), the highest levels of negative equity are in those metros located in the top five "negative equity" states. Within smaller metropolitan areas largest losses are seen in Merced, CA and El Centro, CA (both 85 percent underwater), Modesto, CA and Stockton, CA (both 84 percent), Bakersfield, CA (79 percent), and Port St. Lucie, FL (79 percent).
"Strategic Defaults"

With estimates from LPS of some 25 percent of borrowers currently having negative equity nationwide, the question increasingly being asked is what the likelihood may be of homeowners underwater who are likely to "leave the pool", or "strategically default". According to a study by Experian and Oliver Wyman, more than a quarter of all existing defaults were found to be strategic and they more than doubled from 2007 to 2008 to 588,000. The study also found that borrowers with higher credit scores were 50 percent more likely to strategically default than those with lower credit scores.

In another survey study by Guiso, Sapienza, and Zingales**, the authors found that 26 percent of existing defaults were strategic. They also found that no household would default if the equity shortfall is less than 10 percent of the value of the home. Yet, 17 percent of households would default, even if they could afford to pay the mortgage, when the equity shortfall reaches 50 percent of the value
of their house.

Besides relocation costs, the most important variables in predicting strategic default are moral and social considerations. All things being equal, people who consider it immoral to default are 77 percent less likely to declare their intention to do so, while people who know someone who defaulted are 82 percent more likely to declare their intention to do so. That said, there is some research that suggests that while borrowers with negative equity should be walking away in droves, most homeowners choose not to strategically default due to the desire to avoid the shame and guilt of foreclosure and exaggerated anxiety over the perceived consequences from foreclosure.
What May Lie Ahead

What many analysts are finding alarming is the decreasing rate of delinquencies that are ending up in foreclosures. Loss mitigation efforts such as the Making Home Affordable Program (HAMP), as well as backlogs caused by the elevated delinquent loan volumes, are extending the number of days in delinquency. The data by LPS suggest that average number of delinquent days for loans in foreclosure has risen from 249 to 406 from January 2008 to December 2009 - an increase of 63 percent. The fear is that the increasing pool of troubled loans, also referred to as the "shadow inventory," is only going to lead to more inventory and home price problems in the future. (We'll discuss shadow inventory in a follow-up article in next month's Real Estate Insights.)

The impact of HAMP is still difficult to evaluate. December's numbers suggest 1,164,507 cumulative trial-period plan offers extended to borrowers, and 902,620 trial modifications started. The goal is 3-4 million homeowners with lower mortgage payments through a modification through 2012. Available data indicate around 112,000 modifications have turned permanent. The latest assessment of the program's progress by the State Foreclosure Prevention Working Group*** also suggests that while the HAMP has helped to slow down the foreclosure crisis, current efforts have been insufficient as the total number of struggling homeowners not on track for any foreclosure prevention assistance continues to grow. Indeed, the Working Group found that only four out of ten seriously delinquent borrowers were involved in loss mitigation efforts.

As the increase in the rates of prime loan defaults suggests, so does the predominant hardship reason for permanent modifications under the Making Home Affordable program: curtailment of income is currently the primary reason for mortgage defaulting. With the unemployment rate at or near 10 percent nationally, and millions of more Americans having either exited the workforce or remaining underemployed, it is very difficult to say definitively how the economy will play out in the next couple of years and what the effects will be on the future foreclosure rates.

More in-depth analysis of this issue by NAR Research is available at

2010-02-18T08:56:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Hello !

Call me for revenue and expense figures for Las Vegas 8 plex.

At the square footage listing price this is a very good investment.

The debt service is what is hurting the current owner - good NOI before debt service.

$ 36K of NOI before debt service for 2009

Figures look very good for investment return.

Purchase price $ 425K

10 Must Have Features Of New Home

2010-02-18T06:53:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

So what home features are buyers asking for the most in their search for a new home?

AVID Ratings Co., a firm that provides surveys and employee training to home builders across the United States and Canada, conducts an annual survey of home buyer preferences.

The company found the following hot home features reign supreme in today’s market:

1. Large kitchens with an island.

2. Energy-efficient appliances and high-efficiency insulation and windows. (These were the most sought-after “green” features from buyers.)

3. Home office or study

4. Main-floor master suite

5. Outdoor living room

6. Ceiling fans

7. Master suite soaker tubs and oversize showers with seating areas

8. Stone and brick exteriors

9. Community landscaping with walking paths and playgrounds.

10. Two-car garages

Are there any surprises from the list?

Retail Distress Highest Amongst Unanchored Strips

2010-02-17T20:40:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Distress is rampant in the retail sector, which leads all property sectors with $32 billion in distressed assets, according to New York-based Real Capital Analytics. But not all retail is created equal. A look inside the numbers reveals that unanchored strip centers, retail in regions plagued by high unemployment and deep housing busts, as well as loans originated in 2006 and 2007, are disproportionately more susceptible to distress.

For example, $9.4 billion in retail commercial mortgage-backed securities (CMBS) loans are delinquent, in foreclosure or already taken back by banks, accounting for about 29% of the $32.6 billion of total delinquencies across all property types, according to Horsham, Pa.-based RealPoint LLC.

Markets where the economic crisis has cut sharpest — where housing prices have dropped precipitously and where unemployment is above the national average — have experienced higher levels of delinquencies and distress among retail properties, according to Suzanne Mulvee, real estate strategist with Boston-based Property & Portfolio Research.

Mulvee points to Las Vegas, Atlanta, Phoenix, Orlando and Jacksonville, Fla., as cities where pain is most acute among retail properties. For example, in Las Vegas the unemployment rate hit 13.1% in December and year-over-year home prices were down 26.6%, according to the Standard & Poor's/Case-Shiller Home Price Indices.

In such markets, retail developers attempting to forecast demand for retail may have anticipated tens of thousands of new homes to be built and sold, Mulvee says. When those homes are either halted in construction or completed but left vacant, it creates an obvious problem for retail that was intended to serve those new homeowners. “Banks will tell you that,” she says. “Most of the issues are in their construction portfolios.”

Vintage variation

Another overriding pattern that emerges among distressed retail loans is vintage. Mortgages originated in 2006 and 2007 are more likely to default than retail loans originated in other years. “It’s clear people overpaid for those properties,” says Tom Fink, a senior vice president with Trepp. “The expectations that these properties would generate enough income to pay operating expenses and also cover debt service was wrong. People that bought in 2006 and 2007 got hit by the maelstrom and are suffering now.”

In addition to vintage, property type is another indicator of potential distress. Unanchored strip centers are having greater problems than regional malls, power centers and grocery-anchored strip centers, according to Fink. These properties — typically 75,000 sq. ft. or less — have fallen into trouble quickly by losing just one or two tenants.

For example, smaller centers that had Starbucks as an anchor were hammered by the coffee chain’s decision to shutter hundreds of locations last year. If vacancy falls below predetermined limits, co-tenancy clauses can allow other tenants to exit their lease agreements, potentially turning one or two dark stores into a larger exodus.

One thing that is not affecting the numbers, however, is General Growth’s bankruptcy. Despite the firm’s ongoing restructuring, it has largely remained current on all its debt obligations. Some of its loans are in special serving, but the firm was never delinquent on its payments other than a slight hiccup that delayed payments right around the time it filed for bankruptcy.

Outlook

Most experts think the worst is yet to come for retail and that loans will continue to go bad at a brisk rate throughout 2010.

“Retail is still going to be one of the most troubled assets,” Fink says. “The population has shifted within communities and significant big-box chains have gone out of business with no new concepts to take their place. At one time if OfficeMax closed then maybe Babies “R” Us or Linens ‘n Things or Circuit City would move in. Those retailers are all gone. The space they occupied remains empty, there is nobody to fill it.”

Banks in 2009 added to today’s woes by granting one-year extensions to some borrowers that were having problems meeting their debt obligations at loan maturity. But that process may be near its end. In some cases, banks may have granted extensions in order to allow time to negotiate with borrowers, but after six or eight months with no resolutions it is time to foreclose, Fink says.

Borrowers that were just able to scrape enough money together to make monthly mortgage payments in 2009 also may have trouble in 2010 because of eroding property fundamentals.

“A lot of the banks have been able to extend because the debt service coverage was there, but this is the year where the debt service coverage starts to take the bigger hit,” Mulvee says. That’s because property incomes are continuing to erode as vacancies increase, existing retailers get lease extensions or new retailers sign on at lower rental rates than lenders had projected when the loans were originated.

Inadequate property income may remove the extension option and force more foreclosures, Mulvee says, but that creates a new problem as lenders attempt to liquidate foreclosed assets. Each sold property adds to the data appraisers and investors use to determine market pricing. Foreclosed properties typically sell on the low end of the price spectrum, bringing down overall asset values.

“If they kick too much product they will lower the value of what they are holding,” she says. “They are trying to avoid creating that spiral.”

Looming Foreclosures Will Not Hurt Market

2010-02-17T05:44:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Shadow Inventory Unlikely to Hurt Market

Nearly 5 million houses and condos, of which the mortgages are delinquent, will go through foreclosure over the next few years, a new study by John Burns Real Estate Consulting Inc. concludes.

This represents more than half of the 7.7 million households now behind on their mortgage payments. The situation is worst in Arizona, California, Florida, and Nevada. Burns calculates that there is an inventory equivalent to 27 months of sales in Orlando, 24 months in Miami, and 18 months in Las Vegas.

Consulting firm CEO John Burns says there is strong investor demand for these properties, so as long as employment continues to recover and interest rates remain moderate, these sales won’t have much impact on overall prices.

Source: The Wall Street Journal, James R. Hagerty (02/16/2010)

Invest In Vacant Lots

2010-02-12T10:36:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Vacant Lots Become Hot Property
Vacant residential lots are looking better and better to real estate investors.

The cost of a finished, ready to build lot, can cost a developer about 25 percent of the finished home price. There are a number of these ready-to-go lots on the market at about half what they actually cost to prepare. Investor groups are snapping them up, figuring that the time will come soon when they will be in demand.

"The country needs 1.2 million new units for the next 10 years just because of population growth," says Scott Clark, president of American Development Partners, which has bought thousands of vacant lots all over the West. "[U.S. builders] built about 500,000 units in 2009 and 600,000 units in 2008, so there eventually will be pent-up demand. We want to get as many of those finished lots as we can because as demand begins to rise, the need for housing will become painfully obvious. The delta (ratio of change to value of underlying asset) in this investment will be significant."

Source: Inman News, Scott Bergsman (02/12/2010)

Commercial Loan Defaults To Weaken Economy

2010-02-12T06:47:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

More Commercial Failures Predicted

Failed commercial loans could leave U.S. towns and cities with thousands of empty buildings and cause still more bank failures, the Congressional Oversight Panel predicted Thursday.

Commercial property values have declined more than 40 percent in the last three years, the report said.

Small banks are particularly hard hit by this situation because they do the most small-business lending. The report blamed the crisis on lending policies that valued properties based on inflated prices and said banks failed to consider the possibility of reduced consumer demand from a severe recession.

The report concluded that these looming failures could further weaken the financial system and inhibit the flow of credit.

Source: The Associated Press, Daniel Wagner (02/11/2010)

Real Estate / foreclosure / Teton Valley Idaho - Jackson Hole Wyoming - Las Vegas Nevada

2010-02-09T09:15:00.001-08:00

www.buytetonland.com

www.buylvland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Hello !

Call me regarding this property : NOT A SHORT SALE - NOT BANK OWNED - CONVENTIONAL SALE !

JUST FELL OUT OF ESCROW !!! ( SEE ATTACHMENT )

Highly desirable 26th floor 1 bedroom luxury suite in MGM Signature high rise :

- 1 BR

- 2 bath

- 26th floor

- strip views

- balcony

- $ 259K

* Highly desirable rental pool property

This unit traded for $ 830k IN 12/06

Just an unbelievable deal in THE MOST SOUGHT AFTER LAS VEGAS STRIP PROPERTIES.

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-02-08T20:16:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

4 Reasons to Sell Now

Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.

* Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.
* Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first-time home buyers. Programs vary all over the country, but one good way to find them is to search online for “down-payment assistance programs” and the name of your region.
* Your uncle has money to share. Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash.
* Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business.

Source: McClatchy Tribune, Kate Forgach (02/07/2010)

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-02-06T07:08:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------

Mortgage Rates Top 5%

Long-term mortgage rates climbed above 5 percent this week. According to Freddie Mac, 30-year fixed loans averaged 5.01 percent compared to 4.98 percent last week.

Here are the across-the-board averages for other mortgages:

* 15-year fixed loans rose to 4.40 percent from 4.39 percent
* Five-year adjustable-rate mortgages climbed to 4.27 percent from 4.25 percent.
* One-year ARMs fell to 4.22 percent from 4.29 percent a week ago.

Source: Chicago Sun-Times, Francine Knowles (02/05/10)

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-02-05T09:39:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

------------------------------

Just released - bank owned foreclosure property :

- 9.76 acres

- 1900 sq ft old log cabin

- not in subdivision , all the horses you want

- $ 140K

This property will not last long call ph 208 390 0737

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-02-04T19:31:00.001-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------

Apartments Moving in the Right Direction

A quarterly survey of conditions in the apartment market hasn’t changed much in the last six months, a positive sign in this tough atmosphere.

The National Multi Housing Council, which conducted the survey, reports that there was a steady uptick in sales volume and equity financing was increasingly available, “which represents another step, albeit a small one, toward a more normal transactions market, said NMHC Chief Economist Mark Obrinsky.

Obrinsky predicts that when job growth returns, “a large wave of Echo Boomers will enter the supply-constrained market and we should see above average rent growth.”

Source: National Multi Housing Council (02/02/2010)

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-02-02T11:59:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

----------------------------

Small Banks at Greatest Risk

Rating agency Standard & Poor’s said Monday that for commercial real estate, the worst is probably yet to come.

Vacancies remain high and rents are declining, causing more delinquencies and lower prices, S&P said.

While big banks have the most real estate exposure compared to smaller institutions, they probably aren’t facing the greatest risk.

The agency said small community “unrated” banks made the riskiest deals and continue to hold loans with the most down side.

Source: Reuters (02/01/2010)

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-02-02T07:32:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

------------------------------------------

Market for Ski Homes Brisk After Prices Slide

Falling prices for ski vacation homes are creating the best buyers market in years, real estate professionals in winter resort areas say.

For the first time since the resort business slowed in 2007, Tom Peak, an associate with Prudential Utah Real Estate in Park City, says he’s seeing significant demand.

''Normally we don't see a lot of activity until Christmas time,'' Peek says. 'But our market started picking up around Thanksgiving, before the slopes were even open.''

Practitioners say that prices in many areas are about half what they were before the market slowed, and cash is king.

Source: The New York Times, Irene Rawlings (01/29/2010)

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-29T18:54:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

-------------------------------------

Banks Seek Payback from Walkaways

Increasingly aggressive mortgage lenders are seeking to collect deficiencies from former home owners who walked away from their properties or sold them in short sales.

Many states, including Florida, give mortgage holders as long as five years to seek a deficiency judgment. If granted, the bank gets up to 20 years to collect and the option to renew for another 20 years if the debt isn’t paid.

About one-third of U.S. states, including California and Arizona, prohibit collection efforts after foreclosure, but home owners usually waive that protection in a refinance.

Most states allow collection on unpaid home-equity loans.

Banks are most likely to try to collect from people who walk away from a property in which they are still making payments.

“The bank is going to pull your credit report, and if you’re current on your other bills they are going to come after you and potentially ruin you,” says Larry Tolchinsky, a Florida real estate attorney.

Source: Bloomberg, Kathleen M. Howley (01/28/2010)

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-29T18:32:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

-----------------------------------

4 Demographic Trends That Will Affect Housing

A new report from the Urban Land Institute predicts two major changes in the U.S. housing market as we began a new decade.

Home appreciation will slow considerably to about 1 percent to 2 percent annually.
The current U.S. homeownership rate, now at 67 percent (which is down from a record high of 69 percent), will fall further to about 62 percent.

4 Major Demographic Trends

The report also cites four major U.S. demographic trends that will have a major impact on housing.

1. Aging baby boomers (ages 55 to 64 years old): They will keep working, and many will be forced to stay in their suburban homes until values recover. Those who are able to move will choose mixed-age living environments that cater to active lifestyles. Walkable suburban town centers also will appeal to this group.

2. Younger baby boomers (46 to 54 years old): They are now entering their prime earning years but they will lack home equity and unlike the older members of their generation, they won’t be able to purchase second homes. This will likely curb the prospects for the second-home market.

3. Generation Y: They are larger than the baby boom generation (with a population of about 86 million). As they enter the housing market, they are less interested in homeownership than their parents were when they were young adults. “They will be renters by necessity or choice for years ahead,” says John K. McIlwain, author of the report.

4. Immigrants – both legal and illegal: They are nearly 40 million strong. They often prefer multi-generational households and if they can afford them, larger homes in neighborhoods with a strong sense of community.

Source: The Urban Land Institute (01/27/2010)

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-28T07:07:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

Just Listed :

10 acres

West side of Teton Valley / Packsaddle road area

Not in subdivision

$ 150 000

Part of the E1/2SE1/4SW1/4 of Section 2, TWP. 5 N., RNG. 44 E., B.M., Teton County, Idaho, Lot 1, ONE TIME ONLY SPLIT

This newly listed Property in Tetonia is very suitable for a small farm. Offered is 10 acres with exceptional views. Neighborhood is quiet and rural with pastoral views of agriculture and livestock grazing. Exceptionally dark night skies for stargazing. The area is part of a prime winter range habitat for big game

Buy this Teton Valley acreage for what you would spend on a small lot in a subdivision.

Call me for details pH 208 390 0737

Real Estate / Foreclosure Properties / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-26T19:03:00.000-08:00

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

--------------------------

Public Is Slow to Embrace Green Housing

Nearly 99 percent of American homes are damp, drafty, noisy, and expensive to heat and cool, says Aleisha Khan, executive director of the Building Codes Assistance project, who blames the conditions on reluctance among states to adopt the International Energy Conservation Code.

Kahn says states are legally required to at least consider the IECC, but there is no requirement for adoption. Some states, like Alabama, have completely refused to even bring the code before their legislature. Khan calls the plethora of energy regulations “a mess.”

Currently, the U.S. House of Representatives is considering a climate bill that would require a nationwide energy efficiency code.

What are its chances for passage? Edward Vine, an energy efficiency expert at the California Institute for Energy and the Environment says adoption of strict energy efficiency standard will happen when consumers want it to. "That's where I'd focus most of my energy," he said. "We have to change the mentality of people.”

Source: The Daily Climate, Andrew McGlashen (01/25/2010)

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-23T06:40:00.000-08:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

------------------------------
6 Surprising Facts About the Buyer Tax Credit

The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it.

To qualify for the move-up tax credit, a home owner must have occupied the same principal residence for five of the last eight years consecutively.
Buyers can elect to claim the credit on either their 2009 or their 2010 tax return, whichever is best for them.
Buyers who claim the credit in 2009 can’t file electronically because the Internal Revenue Service hasn’t put the required forms on line. The wait for a refund is three or four months.
The home can be a mobile home or travel trailer that is fixed to land owned or leased by the home owner. A mobile home or travel trailer that is actually mobile doesn’t qualify.
The home can’t be purchased from a close relative, including a parent, spouse, child, grandparent or grandchild.
A buyer who earns no taxable income or doesn’t owe any federal income tax can qualify for the tax credit and file a tax return just to claim it.

Source: Bankrate.com, Marcie Geffner (01/21/2010)

-----------------------------

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure Teton Valley Idaho - Jackson Hole Wyoming

2010-01-23T06:35:00.000-08:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

------------------------------

10 Cities Where It's Smarter to Buy

For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.

To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years.

Here are the top 10 cities the magazine chose as the best places to buy right now.

Boston-Cambridge-Quincy, Mass.
Charlotte-Gastonia-Concord, N.C.-S.C.
Chicago-Naperville-Joliet, Ill.-Ind.-Wis.
Cincinnati-Middletown, Ohio-Ky.-Ind.
Denver-Aurora-Broomfield, Colo
Minneapolis-St. Paul-Bloomington, Minn.-Wis.
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.
Portland-Vancouver-Beaverton, Ore.-Wash.
San Francisco-Oakland-Fremont, Calif.
Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.V.

Source: Forbes, Francesca Levy (01/21/2010)

-----------------------------

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-23T06:14:00.000-08:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

------------------------------

Hello !

Since June 1st , 2009 there have been 47 bank owned foreclosed properties sold in the Mountain Meadows section of Teton Springs.

The inventory is down to three.

The FDIC has released another property to the market - THIS PROPERTY WILL ONLY LAST A MATTER OF DAYS ( see attachment )

These were once million dollar homes :

$ 350K

block 23, lot 11 Teton Springs

3008 sq ft

3 br, 4 bath

Call me for full listing detail

Great investment at Teton Springs Four Seasons Resort.

-----------------------------

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-21T13:18:00.001-08:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

------------------------------
Tax Credit Encourages Buyers to Shop Early

The homebuying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit.

Typically, the busiest time for home shopping starts in March and continues through May, but this year buyers who want to take advantage of the tax credits have to have a signed contract by April 30 and close the deal by June 30.

That is getting people off the couch.

"The tax credit will absolutely have an effect," says Pete Flint, CEO of residential real estate search engine Trulia.com. "It is going to shift demand from the later part of the year to the first part. January and February will be very strong. The next three months, there will be a surge in demand."

Source: USA Today, Stephanie Armour (01/20/2010)

-----------------------------

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-20T17:15:00.000-08:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

------------------------------

Builders Remain Worried About Prospects

The National Association of Home Builders monthly index of builder sentiment fell to 15 in January, the lowest since June.

The index reflects builders’ fears that despite an extended and expanded tax credit for home buyers, business will remain bad.

The index is the result of a survey of 504 residential developers nationwide. Readings below 50 are considered negative.

Source: Associated Press (01/19/2010)

-----------------------------

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-20T08:24:00.001-08:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

------------------------------
Mortgage Modification Plan Falls Short

Only 65,000 people – about 7 percent of those who applied – have successfully navigated President Obama’s plan to help borrowers who are in trouble, the Treasury Department said last week.

About 49,000, or 5 percent, have dropped out of the program because they don’t qualify. Most of the remainder are still waiting.

Bank of America, the largest company in the program, has completed fewer than 2 percent of the modifications for 200,000 borrowers who signed up. The most successful lenders include Ocwen Financial Corp. and Carrington Mortgage Services, which have modified loans for 40 percent of their enrolled borrowers.

Source: Associated Press, Alan Zibel (01/15/2010)

-----------------------------

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-18T06:14:00.000-08:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

------------------------------
Las Vegas Project Extends Anti-Flip Clause

Hoping to add a measure of stability to the market, Las Vegas CityCenter, the bellwether Strip development, is requiring new buyers to hold their units for at least 18 months. In the past, the anti-flip clause called for only a six-month waiting period, CityCenter spokesman Alan Feldman confirmed.

“It’s really good news,” says Las Vegas luxury specialist Aaron Auxier, who bills himself as “Hollywood’s Connection to Vegas.” “The last thing we need right now is for high-rise condominiums to close escrow and have people try to sell them right away.”

The Strip condominium market has been struggling with the rest of Las Vegas, which has been among the markets hardest hit by the downturn. Home prices dropped 40 percent from peak levels, according to recent data.

Earlier this year CityCenter offered a 30 percent discount to buyers who pre-bought at the height of the market.

“The question is how many hard contracts will convert to closed escrows” at CityCenter, Auxier said in an e-mail. “But with a 30 percent discount… and buyers having 20 percent down, you can see how there will some motivation.”

Now that CityCenter is officially open, Auxier believes the Strip market is about to shift. With gaming companies wary to turn over prime property for residential, Strip condos will be a rare commodity in the future, he says.

“Owners of true residential Strip condos should consider themselves the lucky recipients of unique pieces of property,” said Auxier, who made headlines in 2008 when he sold three condos in CityCenter for what was believed to be record prices, between $1,400- and $2,400 a square foot.

As a market, the Strip is removed from the rest of Vegas, Auxier argues. Once the new Strip condominiums are absorbed, he expects demand will once again pump up the Strip.

“As a city, right now, we are on bended knee,” Auxier said. “However, I am confident in our future, as well as the leaders and minds who make this city great. We are built around the premise of ‘anything is possible.’ And just as we have fallen, I'm confident we will get up, and stand stronger because of what we have learned.”

-----------------------------

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-17T06:40:00.000-08:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

------------------------------

Daily Real Estate News

Real Estate Recovery Slow, Fed Says

The economy is improving, but recovery in real estate is slow, the Federal Reserve said Wednesday in its beige book report.

The federal tax credit drove an increase in home sales, the report said. But it emphasized that most of the transactions involved lower-priced homes, while prices remained low and residential construction was weak.

The report also said the commercial real estate market remains soft and that there’s a significant excess supply. It pointed to New York and Kansas City as places where the commercial real estate business is worsening.

Source: The New York Times, Javier C. Hernandez (01/13/2010)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-16T07:31:00.000-08:00

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Long Recovery Ahead for Commercial

Noted analyst Kenneth Laub told Bloomberg that the current downturn will overshadow recent commercial real estate downturns.

“It won’t be a typical part of a cycle where we’re down for two or three years and things recover,” says Laub, whose New York firm, Kenneth D. Laub & Co., has managed more than $40 billion worth of transactions since 1969. “It will be longer than we’ve gone through before.”

The difference today, Laub says, is the volume of debt financing that pushed up prices dramatically and left property owners struggling to make mortgage payments.

“It’s not a supply-demand thing; it’s an overleveraged condition,” Laub says.

He predicts years of restructuring. “What you’re going to see is a tremendously long workout period unprecedented in commercial real estate in this country,” Laub says. “That’s where we’re going, and it’s just beginning.”

Source: Bloomberg, Beth Williams and Stuart Bern (10/13/2010)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure Properties / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-11T10:04:00.000-08:00

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Expanded Tax Credit Offers Big Opportunity

With a new April 30 deadline in place for clients to take advantage of a federal home-buyer incentive, real estate practitioners now have slightly less than four months to get their qualified prospects under contract before the cut-off date.

In order to maximize this opportunity, it is recommended that real estate pros revamp their marketing materials to reflect changes in the rules — which now allow certain repeat buyers, as well as first-time buyers, to get a tax break.

In addition to promoting home-buying based on today's lower home prices and historically low interest rates, it is also important for the real estate professional to convey to clients that there is no requirement that they sell their current residence at once — or ever.

On top of polishing up their marketing approach, real estate professionals should free up their time so that they are available to spend more time guiding buyers and hosting property showings.

They also must be thoroughly knowledgeable about the supply of properties priced up to $800,000, which is the maximum price for a home to qualify for the tax credit.

Finally, agents must keep all other parties involved in transactions — from lenders to inspectors — on top of things and at the ready because most motivated house-hunters will want to move quickly once they have found their ideal property.

Source: RISMedia, Margaret Kelly (01/08/10)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate / Foreclosure / Teton Valley Idaho - Jackson Hole Wyoming

2010-01-10T06:30:00.000-08:00

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CALL NOW FOR TETON SPRINGS RESORT FORECLOSURE PROPERTIES

Real Estate - Ownership Opportunities

Set in a world of self-discovery, Teton Springs has combined unprecedented living enjoyment with the mountain west's most sought after pastimes. Located 20 miles from Jackson Hole, Wyoming, on the "Wydaho" border, it is a home where each day brings the ability to relax and renew your spirit, pause and enjoy your surroundings, and become part of the Teton Valley Experience.

Master Plan
Stroll amid the 780 acres of land, listen to the whisper of the 52 acres of streams and ponds, watch the native wildlife's leisurely routine and discover a community like no other in the West. Discover a wide range of carefully planned and artfully produced home-ownership options, certainly.......something perfectly suited to your lifestyle and adventurous spirit.

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Esate / Foreclosure Teton Valley Idaho - Jackson Hole Wyoming

2010-01-07T17:43:00.001-08:00

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pH 208 390 0737

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Sellers Should List Homes Early

Selling a home in the dead of winter might seem ill-advised, particularly considering the state of the economy, but some experts think that making the decision to wait until spring to list the property could be a mistake.

Government incentives will likely have a big impact in 2010, with many buyers determined to sign a contract before the April 30 tax credit deadline.

“This year, we're anticipating sales will peak earlier,” says Nicole Hall, editor in chief of Lendingtree.com, an online mortgage comparison service. “The best time to get your house on the market will be February or early March, and maybe even earlier if you want to avoid competition.”

Traffic on real estate Web sites begins to rise right after the New Year, says Ken Shuman, spokesman for real estate Web site Trulia.com.

Source: Forbes.com, Francesca Levy (12/24/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate Teton Valley Idaho - Jackson Hole Wyoming

2010-01-05T16:03:00.000-08:00

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Cutting Mortgage Principal Decreases Defaults

Borrowers whose loan modifications reduced their loan balances – not just their interest rates – are most likely to avoid re-defaulting on their mortgages, according to a new study by the Federal Reserve Bank of New York.

These findings contradict the government’s recommendation, which focuses on reducing monthly payments by lowering interest rates and extending the loan terms.

The New York Fed concludes that a borrower’s probability of defaulting within one year when interest rates are lowered is reduced by 11 percent. But when the loan balance is reduced by 25 percent and the interest stays the same or is reduced slightly, the borrower’s probability of default within one year is reduced by 26.5 percent.

The New York Fed also found that borrowers who owe 15 percent or more than their homes’ values have a 51 percent greater risk of defaulting in any given month.

Source: The Wall Street Journal, Nick Timiraos (01/04/2010)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate teton Valley Idaho - Jackson Hole Wyoming

2009-12-31T14:21:00.000-08:00

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Rebates for Appliance Buyers in 2010

The 2010 plan to encourage energy efficiency is the government rebate for appliance buyers. The plan lets people swap their old appliances for new energy-efficient models at very low prices.

Here are some things to keep in mind:
· State plans vary. For state by state specifics, check out the state-by-state rebate program.

· Is it really a deal? It may not be worth replacing appliances that are fewer than seven years old, but older models can represent a real deal. Joe McGuire, president of the Association of Home Appliance Manufacturers, says a 20-year-old refrigerator uses three times as much power as a new Energy Star-approved model.

· Buy now before it ends. There is only about $300 million available and some states got more money than others. It is expected to run out fast.

Source: The Associated Press, Vinnee Tong (12/30/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate Driggs Idaho - Jackson Hole Wyoming

2009-12-29T13:36:00.000-08:00

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Loan Modifications Hit Credit Scores

Applying for a mortgage modification and being in a months-long trial period can devastate a home owner’s credit score.

Under the government plan, troubled borrowers can have their mortgage payments reduced to 31 percent of their pre-tax income. They are first put in a trial modification for several months to test whether they can meet the requirements of the new mortgage.

Borrowers who were previously current on their mortgages will see their FICO scores fall about 100 points while they are in the trial period, according to the Treasury Department. Borrowers who were previously late or missed payments will see their scores fall more, the government says.

The longer a borrower is in the trial period, the greater the impact on their credit scores, Once the modification is approved, the borrowers’ mortgage credit status will be listed as current and that should improve their scores, the Mortgage Bankers Association explains.

Even so, the delinquency remains on credit reports for up to seven years and can make getting credit for something else like a car difficult and expensive, borrowers report.

Source: CNNMoney.com, Tami Luhby (12/28/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate Teton Valley Idaho - Jackson Hole Wyoming

2009-12-28T16:48:00.000-08:00

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Interest Rates Predicted to Reach 6%

Interest rates are likely to rise to 6 percent by the end of 2010, predicted Amy Crews Cutts, deputy chief economist at Freddie Mac.The end of the Federal Reserve program that buys mortgage-backed securities will drive rates higher because private buyers will demand more return than the Fed.

"Extraordinary resources have been put into keeping the rates down and supporting the mortgage markets and it's hard to imagine that the rates can go much lower than they are," Crews Cutts said. "Anything we get at or below 5 percent is a gift at this point.

"Source: Washington Post, Dina ElBoghdady (12/26/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate Teton Valley Idaho - Jackson Hole Wyoming / Foreclosure Property

2009-12-19T08:05:00.000-08:00

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Coming Soon: More Foreclosures

More than 1.7 million homeowners were verging on foreclosure this fall, making it likely that these houses will soon end up on the market one way or the other, driving down overall housing values.

"We're going to be dealing with high levels of distressed (sales) in the marketplace for at least a couple of years," says Mark Fleming, chief economist of researcher First American CoreLogic, which has been studying the problem.Some real estate practitioners say they fear that this onslaught is coming."

We've been in recovery mode for most of the year. How many foreclosures do they have to dump on the market to affect that? I don't know," says Deborah Farmer, owner of StarLight Realty in Tampa, Fla. "Any house priced under $225,000 will be affected by a large increase in foreclosures in this market.

"Source: Associated Press, Alan Zibel (12/17/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-11-21T18:57:00.000-08:00

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Four Tips for Smarter Foreclosure Shopping

Foreclosures can be good deals for homebuyers, but with 1.5 million of them on the market, shopping carefully is important.

Here are some tips for anyone navigating the foreclosure market:

Don’t pay too much. With so many exuberant buyers, bidding up a property beyond its worth can be easy to do.

Get to know the banks. Practitioners who establish relationships with asset managers at banks can facilitate good communication.

Factor in fix-up costs. Most banks would rather sell a property as-is. Buyers should consider what shouldering that responsibility will cost. Touring the properties with a contractor can be a good plan.

Bid smartly. Help the buyer get the inside track by gathering as much information as you can about other bids.

Source: CNNMoney.com, Les Christie (11/19/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-11-14T08:15:00.000-08:00

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Commercial Real Estate Still Shaky

The downturn in commercial real estate still seems to be getting worse.By 2012, more than $1.4 trillion worth of commercial real estate loans will come due, according to investment firm ING Clarion Partners. Analysts at Deutsche Banks estimate that commercial borrowers will be unable to roll over three-quarters of the loans they took out in 2007, the worst year for toxic loans.But the more serious problem is the quality of the underlying loans, analysts say, pointing to examples of pricey deals that went south within months of the original sale.

Research firm Reis Inc. estimated that income projections made for properties that sold between 2005 and 2008 exceeded their historical performances by an average of 15 percent."It was all based on assumption of cash flow," says Howard S. Landsberg of New York-based consultant Weiser Realty Advisors.

"If you couldn't afford to pay the bank back now, in three years you could count on another $20 a square foot in rent. When the numbers didn't add up, some lenders got imaginative.”

Source: BusinessWeek, Mara Der Hovanesian and Dean Foust, with John Cady (11/13/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosures / Short Sales / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-11-12T07:26:00.000-08:00

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Low Prices Draw Investors Back to Market

Real estate investors are moving back into the market, according to a new survey from Move.com.According to the Move.com survey, 12.1 percent of home buyers today plan to buy a home as an investment property, compared to 5.6 percent in March 2009.

The survey found that 15.8 percent of those interested in investment property were men and 8.1 percent were women and 52.6 percent of the investment buyers were between ages 35 to 49.Of the 25.3 percent of buyers who are focusing on foreclosure properties, 42 percent regard the purchase they are considering an investment and don’t plan to live in the property themselves; 13.2 percent plan to rent out the property; 11.3 percent are going to fix up the property and resell it; and 17.4 percent plan to house a family member until the property can be sold profitably.

Of the 9.8 percent of buyers who say that they plan to purchase and live in a property in the next two years, 5.4 percent plan to purchase in the next 12 months; 48.3 percent are first-time buyers; 52.8 percent are women, and 44.1 percent are men.

Buyers of investment and personal property say they are motivated by these factors:

Prices are as low as they will go, 23.6 percent
Foreclosure prices are a bargain, 18.7 percent
Great selection of homes for sale in their target community, 21.2 percent
Concerned interest rates will rise, 14.2 percentSource: Move.com (11/11/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Builders Coming Back To Market / Foreclosure / Short Sales / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-11-09T16:36:00.000-08:00

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Builders on the Prowl for Property

Home builders who sold or walked away from properties at the height of the housing meltdown are back in the market for choice parcels to develop in places like Las Vegas, Southern California, and Orlando, Fla."In the past, (builders) had really been the ones that had been feeding the market and selling lots to investors," says Tom Dallape, a principal at The Hoffman Co., a land brokerage firm based in Irvine, Calif.

"Now all of a sudden they are rushing back in."Among builders buying aggressively are Ryland Group Inc. and Meritage Homes Corp. Pulte Homes Inc., which acquired Centex this year, is working off that builder’s inventory.

Analysts observing the market point out that these purchases could be regrettable. "There is certainly some risk that if the market tails off again or we start to see cancellations pick up, some of those deals that previously penciled may not pencil anymore," says Megan McGrath, an analyst with Barclays Capital.

Source: Associated Press, Alex Veiga (11/06/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

HUD Foreclosure / Short Sale / REO's Las Vegas Nevada

2009-11-09T16:10:00.000-08:00

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HUD Foreclosure Property Las Vegas :

Call me about best opportunity to own investment property in Las Vegas.

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click below for complete HUD Las Vegas foreclosure list :

http://www.buylvland.com/HUD_Foreclosure_Homes/page_2299293.html

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-11-07T06:18:00.002-08:00

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Obama Signs Extended Tax Credit into Law

Expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010.The legislation, which is part of a larger bill that also extends unemployment benefits, was signed into law by President Obama today.

More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years. Income limits for eligible home buyers were also expanded to $125,000 for single buyers and $225,000 for couples, up from $75,000 for individuals and $150,000 for couples. Qualifying home prices are capped at $800,000. NAR's Government Affairs Division has compiled facts on the changes made to the current tax credit.

NAR members sent more than 500,000 letters to leaders in Congress and made nearly 13,000 telephone calls to Senate offices last weekend to encourage support. So far this year, REALTORS® have spent nearly $14 million lobbying Congress, according to federal campaign finance records compiled by the Center for Responsive Politics. Sen. Johnny Isakson, a Georgia Republican and a former member of NAR, was key in extending the credit, as well as pushing it through initially.

Other prominent boosters include the National Association of Homebuilders and the Mortgage Bankers Association.Listen to NAR President Charles McMillan's podcast announcement.NAR economists estimate that approximately 2 million people will take advantage of the tax credit this year.

Sources: NAR and The Associated Press, Julie Hirschfeld Davis (11/06/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Homebuyers Tax Credit / Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-11-06T07:52:00.000-08:00

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Both Houses OK Tax Credit Extension, Expansion

The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they've lived in their home for five of the past eight years. Home prices are capped at $800,000. The legislation in both houses was included in a bill to extend unemployment benefits and is expected to be signed by President Obama shortly.

“REALTORS® appreciate the swift action by Congress to extend the home buyer tax credit and expand it to some current homeowners,” says NAR President Charles McMillan. “As the leading advocate of housing and real estate issues, we urge President Obama to sign this legislation into law quickly to keep the momentum going in the fragile recovery of the nation’s housing market.”Under the bill, income limits are expanded to $125,000 for individuals and $225,000 for joint filers.

Individuals with incomes up to $145,000 and joint filers with incomes up to $245,000 qualify for reduced credits.Households who have binding contracts in place by April 30 will be allowed an additional 60 days to complete their transaction. The deadline for members of the military serving out the U.S. for at least 90 days between Jan. 1, 2009, and May 1, 2010, has been extended one year.

Taxpayers can claim the credit on their federal income tax returns. If the credit exceeds their tax bill, the government will issue a check. Taxpayers will be able to claim the credit on their 2009 income tax return for purchases made in 2010.

Compare the current tax credit with the newly passed version on

REALTOR.org. More on the credit is available from NAR. Source: The Associated Press (11/5/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

HUD Auction Homes / Foreclosure / Short Sales / REO's Teton County Idaho - Jackson Hole Wyoming

2009-11-04T10:52:00.000-08:00

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pH 208 390 0737

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Stress in High-Foreclosure States

People in many parts of the country continue to be stressed over the lousy economy and foreclosures, according to the Associated Press’ monthly analysis of economic stress in more than 3,100 U.S. counties.The hardest hit counties are in the Industrial Midwest, the Southwest, and the Southeast. In the North, where the economy wasn’t hit as hard by the housing bust, economic stress levels are lower."

Housing still is at the epicenter of this crisis," said Sean Snaith, an economist at the University of Central Florida.The highest stress levels were in states that had the worst housing meltdown:

Nevada, 21.95
Michigan, 17.75
California, 16.2
Florida, 15.4
Arizona, 14.26

States with the lowest stress scores were:
North Dakota, 4.07
South Dakota, 5.01
Nebraska, 5.71
Montana, 6.6
Wyoming, 6.9

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Call me for details on bidding online auction

for HUD foreclosed homes in Las Vegas

go to : http://www.buylvland.com/ and begin your HUD property search.

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Short Sale Specialist / Foreclosure / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-11-02T16:18:00.000-08:00

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Default Mortgage? Professor Says Get Out

“Fear, shame, and guilt” are preventing Americans from walking away from homes when their mortgages are underwater, even when walking away is the best decision, says a University of Arizona professor of law who studied the issue and wrote a paper on managing the crisis.“Home owners should be walking away in droves,” writes Brent T. White, an associate professor of law at the University of Arizona.

“The real mystery is not – as media coverage has suggested – why large numbers of home owners are walking away, but why, given the percentage of underwater mortgages, more home owners are not,” the professor says.White proposes “leveling the playing field” between bank and borrower by amending the Fair Credit Reporting Act to prevent lenders from reporting mortgage defaults to credit bureaus.

“It is time to put to rest the assumption that a borrower who exercises the option to default is somehow immoral or irresponsible,” White writes.

Source: The Wall Street Journal, James R. Hagerty (10/30/2009)

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-----------------------------

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-11-02T07:00:00.000-08:00

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------------------------------
BANK APPROVED SHORT SALE PRICE

LAST OF INVENTORY

$195 000

1791 sq ft

3BR, 2 Bath

Custom Home

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-----------------------------

Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sales / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-10-28T22:26:00.000-07:00

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pH 208 390 0737

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Senate Dems on Board with Credit Extension

Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed — not closed — by April 30.

Purchasers would have another 60 days to close the sale. The credit will also be expanded to include so-called step-up buyers who have lived in their current home for at least five years.The credit would be cut nearly 10 percent to a $7,290 cap. Income eligibility for first-time home buyers would stay the same, but it would rise for step-up buyers to $125,000 for individuals and $250,000 for couples.

Source: Bloomberg News, Dawn Kopecki and Ryan Donmoyer (10/27/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Wyoming Acreage / Base of Grand Targhee Ski Area / Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-10-28T06:29:00.000-07:00

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pH 208 390 0737

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70 Wyoming Acreage

Split and develop into two 35 ac pieces

WATER RIGHTS !!

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$40 ac / $ 2 800 000

Borders BLM / National Forest

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-10-27T12:37:00.000-07:00

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------------------------------

SHORT SALE - $ 185 K

Spectacular three story town home. Located just outside Driggs Idaho on popular Ski Hill Road corridor. Located on main access to major ski resort Grand Targhee Ski Area. Close to golf, wilderness, snowmobile access, hiking, big game hunting and Grand Targhee Ski Area. This home is well maintained. Priced to sell and positioned for major price appreciation with rebounding real estate market

3 BR

2 Bath

1341 sq ft

attached garage

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-10-27T09:23:00.000-07:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

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2745 sq ft

3 br, 4 bath

Teton Springs Four Seasons resort

$ 389 K

DO NOT LET THIS OPPORTUNITY SLIP BUY TO OWN IN THE

PRESTIGIOUS TETON SPRINGS FOUR SEASON RESORT !

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sales / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-10-26T08:08:00.000-07:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

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Spectacular three story town home.

Located just outside Driggs Idaho on popular Ski Hill Road corridor. Located on main access to major ski resort Grand Targhee Ski Area. Close to golf, wilderness, snowmobile access, hiking, big game hunting and Grand Targhee Ski Area. This home is well maintained. Priced to sell and positioned for major price appreciation with rebounding real estate market

1341 sq ft

3 br, 2 bath

attached garage

short sale $ 185K

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-10-23T08:12:00.001-07:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

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Fed Calls Housing Upturn a Good Sign

The Federal Reserve's “Beige Book” report, released Wednesday, points to housing as a bright spot in the economic landscape and applauds banks that lent to first-time homebuyers.It calls commercial real estate a consistently weak sector, weighed down by business closures and the difficulty in refinancing.

In a separate report Wednesday, the U.S. Labor Department said the number of jobs fell in 43 states and the District of Columbia, with the unemployment rate rising in 23 states. Industries with the strongest economic gains were residential real estate and manufacturing.

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosures / Short Sales / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-10-10T06:49:00.000-07:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

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Chinese Drywall Is a Growing U.S. Problem

Thousands of lawsuits by Americans complaining that drywall imported from China is causing them health problems are awaiting action in federal and state courts. A consolidated class action will be heard beginning in January.

“There could be 60,000 to 100,000 homes that are worthless and have to be ripped completely down and rebuilt,” said Arnold Levin, a Philadelphia lawyer and co-chairman of the plaintiffs’ steering committee.Later in October, the Consumer Product Safety Commission will release the results of its study to determine what’s wrong with the drywall and what mediation programs might work.

Knauf Plasterboard Tianjin, a German company with manufacturing plants in China that supplied about 20 percent of the Chinese drywall said its own tests showed the drywall didn’t cause health problems.

Some experts believe that the reason that drywall seems to be causing respiratory problems and headaches is because American homes are built tighter than those in Asia, where the drywall was also sold.

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming

2009-10-02T14:22:00.000-07:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

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Private Investors Dominate Foreclosure Market

Cities and municipalities are having trouble spending the money allotted by the controversial Neighborhood Stabilization Program, which was passed by Congress last year to acquire houses in blighted neighborhoods.The goal was to buy vacant properties at 1 percent less than appraised value, rehab them, and either sell or rent the homes to low-income residents.The stumbling block is that the houses are being purchased by private investors and more affluent home buyers at cheap prices.Some people don’t see that as a problem.

"If the private market is coming back and buying houses and crowding the government out, that's not a bad thing," said Joseph Pigg, senior counsel at the American Bankers Association.In some areas, the nonprofit National Community Stabilization Trust is working with banks to give government access to foreclosed homes before they are put on the market.

But that may be too little, too late. "It's very unclear when the dust settles how much real change in neighborhood stability and quality of life we'll see," said housing expert Alan Mallach of the Brookings Institution.

Source: CNNMoney.com, Tami Luhby (09/29/2009)

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com

Real Estate Alert !

2009-10-02T06:04:00.000-07:00

CALL ME FOR CUSTOMIZED FORECLOSURE LIST

pH 208 390 0737

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Just came on market :

Victor Idaho

38 ac with home and barn

Motivated seller

$ 500 000

CALL TOAY

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Sincerely - your friend and well wisher.

Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com