I will help you with your loan modification for FREE!  We have all watched the home values in Las Vegas drop with the chance of more depreciation of home values to come.  Homeowners are faced with property values that are less than their loan amounts.  Some experts say it could take up to 15 years to get these property values back. 

Most banks have made loan modifications too difficult to deal with and have discouraged homeowners.  As a result, the homeowner either stops trying or pays outrageous upfront fees for services promising positive results only to wind up losing their money and their home to foreclosure.  This is shameful.

Once a home is foreclosed on, EVERYONE loses.  You, your neighbor, your neighborhood, your city.  Don’t let your home go to foreclosure; there are too many options available to you.  There is hope!

The Real Estate business has been tremendous to me.   I love this city and the people that are in it.  It is my time to give back.  We turn the Las Vegas housing market around; we turn the Las Vegas economy around. 

I am Frank Napoli, Realtor in Las Vegas Real Estate and this is what I can do:

I will help you modify your loan for FREE!  If your Las Vegas home is undervalued I will short sale your undervalued home and FIGHT FOR YOUR RIGHTS!

Let’s get through this together; I have all of the experience you will ever need.

What is a Short Sale?  A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan.  It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.

Over the course of Frank Napoli’s career in Las Vegas Real Estate beginning in 1991, Frank has seen some incredible market changes and opportunity that goes with it.  The opportunity is for both the Buyers and the Sellers. 

For the Sellers, it is already a stressful time however the opportunity to sell their home before Foreclosure is where the opportunity lies.  In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the borrower. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. Neither side is “doing the other a favor;” a short sale is simply the most economical solution to a problem. Banks will incur a smaller financial loss than would result from foreclosure or continued non-payment. Borrowers are able to mitigate damage to their credit history, and partially control the debt. A short sale is typically faster and less expensive than a foreclosure. It does not extinguish the remaining balance unless settlement is clearly indicated on the acceptance of offer.

Lenders often have loss mitigation departments that evaluate potential short sale transactions. The majority have pre-determined criteria for such transactions, but they may be open to offers, and their willingness varies. A bank will typically determine the amount of equity (or lack thereof), by determining the probable selling price from an appraisal or Broker Price Opinion (abbreviated BPO or BOV).

Lenders may accept short sale offers or requests for short sales even if a Notice of Default has not been issued or recorded with the locality where the property is located. Given the unprecedented and overwhelming number of losses that mortgage lenders have suffered from the 2009 foreclosure crisis, they are now more willing to accept short sales than ever before. This presents an opportunity for “under-water” borrowers who owe more on their mortgage than their property is worth and are having trouble selling to avoid foreclosure as a result.

It is very important to have correct representation in order to aide the negotiation process with the banks.  Frank Napoli has developed in the past years, several relationships with banks and is a Certified Short Sale Representative.  Frank has listed and sold a tremendous amount of Las Vegas Short Sales.

For Buyers looking to purchase Las Vegas Real Estate, with all of the Short Sales that are hitting the Las Vegas Real Estate Market what better time to purchase than now?  Again it comes down to the right representation.  When you are making such an important investment such as home ownership, you will want someone who has your best interest at heart and will negotiate for you and succeed at doing so by utilizing what has gotten Frank Napoli to having a proven track record of being a Top Producing Realtor and winning numerous amounts of awards, and that is through honesty, integrity and an iron clad work ethic. 

Frank understands the importance of your investment and that is why Frank has made it one of his well kept promises to answer your calls.  When you want answers, you will get them.  Frank pays attention to detail from start to finish and that is why Frank Napoli is not only recognized as a Las Vegas Real Estate Expert, but because Frank continues to increase his knowledge as well as being “ahead of the times” his expertise for every niche market has Frank also recognized in this market as a Las Vegas Short Sale Expert.

*Short sale definition courtesy of Wikipedia

Frank has a proven track record of being a Top Producing Realtor, achieving #1 Realtor in the Las Vegas, Henderson and Boulder City areas, consistently being ranked #1 Real Estate Agent with Las Vegas’ Prudential Americana Group Realtors as well as being ranked #4 out of approximately 65,000 Real Estate Agents thought the United States and Canada.

In Frank’s Las Vegas Real Estate career he has developed a strong reputation of not only being one of the most prominent Real Estate Agents in Las Vegas but for building his business on honesty, integrity and excellent work ethic. Frank has advertised since the beginning of his 1991 Las Vegas Real Estate career that when you call, he answers. Maybe that is why even in these unique markets Frank Napoli is still reigning over the Las Vegas Real Estate world.

When it comes to bank owned homes (REO properties) and Short Sales, Frank has developed over the course of his career several relationships with banks and has listed and sold some of the highest volume in properties in the recent years and only continues to excel. When asked about the current market Frank in positive spirits stated, “The market could not be better.”

Frank Napoli has taken Las Vegas Real Estate to new levels and continues to show us exactly why he is known in Las Vegas as a Real Estate legend.

Enough with the introduction, let’s get down to business. Whether you live in Las Vegas, Nevada….plan to move to Las Vegas, Nevada….plan to purchase a vacation home in Las Vegas, Nevada, it is time to get educated on Las Vegas Short Sales. When you see a home listed as a short sale, you should also see this home listed as an opportunity. As a certified short sale representative, allow me to assist you in making that opportunity your reality.

A Short Sale is when a homeowner is defaulting on their mortgage and makes a deal with the bank to sell their home before the bank takes the property into foreclosure. It is very important whether you are the Seller or Buyer to have the proper representation in order to accomplish your goal in either getting your home sold in a timely manner and for both the Buying and Selling side, the correct negotiations to be made with the bank. Throughout my Las Vegas Real Estate career, it has not only allowed me to develop an extensive knowledge on how to take these transactions from A-Z but has also allowed me to develop several bank relationships.

Las Vegas Real Estate inventory is packed with short sales, along with bank owned homes (REO properties). Call direct: (702) 378-3629 or Toll free direct: (800) 731-7998 to discuss my inventory. As a reminder, I have access to the MLS which not only has my listings but all listings located throughout the Las Vegas valley. When you call Frank Napoli, you get a live person! No recordings, voice mails, etc. You want answers, you will get them immediately. Make the experience of purchasing your dream home in Las Vegas the right one.

Looking for a tax write off? Pre-Qualify for a loan before you travel to Las Vegas, come house shopping with me and possibly add your Las Vegas vacation to your list of tax deductions. Looking for guidance to obtain tickets to a Las Vegas show after shopping for your Las Vegas dream home? We can assist in pointing you in the right direction as well as directing you towards Las Vegas’ hottest Casino’s.

Selling your home in Las Vegas? Advertising is our specialty! With a proven track record of being a Top Producing Realtor, achieving #1 Realtor for all Realtors located throughout the Las Vegas, Henderson and Boulder City areas, consistently being ranked #1 Real Estate Agent with Prudential Americana Group Realtors as well as ranked #4 out of approximately 65,000 Prudential Americana Group Real Estate Agents throughout the United States and Canada. Whether you are Buying or Selling a home, there is no need to look any further. Don’t gamble…make a sure choice…allow Frank Napoli to handle all of your Las Vegas Real Estate needs. Start Packing!!!

www.FrankNapoli.com
www.NapoliGroupRealtors.com

Home Sweet Home

• Rodent incursions – Rats, mice and other vermin love to chew through insulation and wiring and are suspects in many house fires.
• Soaring fuel bills – This is more than a pocketbook issue, since poorly functioning systems can cause deadly carbon monoxide buildup in your home.
• Peeling paint – Paint is like a home’s skin. It’s the first line of defense against incursions by water and pests. Water that seeps into wood can lead to rot.
• Flickering lights – It might be that the wiring in your house is dysfunctional or you have too many appliances hooked up to a single circuit. Either one can cause a fire.
• A water leak – Left unchecked, leaks can lead to rot, dry rot, mold and termite infestations. Water can cause roofs to collapse, foundations to buckle and all manner of expensive repairs. Water-related problems can also get your home blackballed by insurance companies worried about mold-related claims.

For assistance with finding reputable service personnel, call Frank Napoli at 702-378-3629 for a list of companies we have found to be of quality and integrity.  On line at www.NapoliGroupRealtors.com

The primary lender (the 1^st Trust Deed) will only lend up to 80% of what the home is worth.  This puts the burden on the buyer to come up with 20% down.  Not every buyer is in the position to do that and there are many that prefer not to.  These buyers, based on their credit rating, can still do that because of PMI.  If the buyer is credit worthy PMI will insure the difference of the down payment and the lenders required 20% down.  This assures the mortgage company that if the buyer should default, the mortgage company is still only in it for the 80%.  Lending is all about risk.  PMI reduces the risk to the primary lender.

Normally the lender that you are dealing with will provide you with information on a PMI policy and will secure it for you. The initial cost of the PMI can either be added to your closing costs or tacked onto your monthly mortgage payments. This mortgage insurance can range in price from ½ to 1 percent of the loan amount each year. Borrowers will need to continue to make mortgage insurance payments until they have reached the 20 percent equity threshold.

The Homeowners Protection Act passed in 1998 contains a number of provisions to protect the interests of PMI borrowers. The main provision of the act calls for the automatic termination of the policy when the borrower reaches 22 percent equity in their home (based on the original property value). There are also provisions that require the lender to provide the borrower with information on termination and cancellation of the policy.

If you would like more information on a Private Mortgage Insurance policy and how it can help you get into your dream house today let me know and I can recommend a qualified lender. Frank Napoli, 702-378-3629 or Napoli Group Realtors.

 Consumers can only see so much when looking at a home.  In addition to

Home Inspections a Good Investment

seeing if the home suits their needs and “falling in love” with it; they also look at certain familiar aspects of the home to assure them that the home is or could be sound.  Mostly, it’s cosmetic.

A Home Inspector looks beyond cosmetic and gives the consumer a clear mechanical and structural look at the home.  The consumer will receive a approximate 15 page report on the home, which will include recommendations on what needs to be repaired now or in the future and recommendations for use and preventative maintenance.  These reports are easy to read and normally are explained by the inspector page by page.

Most consumers feel if the home is “New” it doesn’t need a home inspection.  What you need to know is that most of the inspectors’ write-ups on a pre-owned home are from when it was originally built.  To me, a new home “MUST” have a home inspection.

A major write-up on a home inspection places the burden on the Seller.  In most offers the buyer sets an amount of repair to cover home inspection write-ups.  A major repair can easily exceed the set standard or $500-$1000.  The buyer can insist the seller makes the major repair or the buyer will “Walk”.  Normally, the seller will make the repair knowing they will be faced with the same repair on the next sale and home inspection.

The bottom line is that a home inspection is not expensive and one of the best financial investment consumers can make.

Call Frank Napoli at 702-378-3629 (Toll Free 800-731-7998) with any questions or for a list of licensed inspectors in Las Vegas. Visit my website Napoli Group Realtors

Frank Napoli, 4103 Villa Rafael Dr., Las Vegas

A bank owned property, of approximately 5644 sq. ft, 5 bedrooms, and 4 full baths, 3 car garage on over a half acre.  This beautifully upgraded home is priced well below comparables. It includes custom cabinetry in the Gourmet kitchen, stainless steel appliances, huge Island and Granite Counters with full backsplash, Butler’s pantry and more.  The backyard boasts a relaxing in ground pool and spa off the covered patio. The large master bedroom with bath includes a jetted tub and steam shower in addition to the walk in closet and balcony.  Truly a property you need to see to appreciate.

Pool/Backyard 4103 Villa Rafael

Tuscan Cliffs – a guard-gated, mountainside community nestled in the master-planned community of Southern Highlands.  There are currently 6 built properties being offered by the developer starting at $1.4 million up to $2.3 million. The community includes the opportunity for you to purchase a social membership to the luxurious 13,000-square-foot spa at Southern Highlands as well as the dining clubhouse.  Revitalizing spa treatments are merely the beginning of this world-class experience you can indulge in every day. The 4,000-square-foot, state-of-the-art fitness room offers equipment for both cardio-vascular and strength training, along with a host of scheduled activities. Shape up with an invigorating Pilates, Yoga, Aerobics or Body Sculpting class. Dive into a refreshing workout in the 25-meter lap pool. Or play an intense game of tennis on the well-groomed courts. Afterward, relax in the oversized outdoor Jacuzzi or inside one of the private poolside cabanas.

To view this property or any other properties for sale in this community call Frank Napoli directly at 702-378-3629 (Toll Free @ 800-731-7998) or visit our website www.NapoliGroupRealtors.com.

There is a difference between a Buyers Agent and a Sellers agent.  A Sellers

Home Buyers

Agent has a fiduciary duty to represent the seller and as a result, to get the seller the highest price and the best of terms.

A Buyers Agent has the same fiduciary duty to the buyer, getting the best price and terms available.

The same is so when you go directly to a new home tract and work with the builder’s agent.  They are just that, the builders’ agent and not yours.

Next time you need information about real estate, call Frank Napoli at 702-378-3629 (800-731-7998) or visit our website www.NapoliGroupRealtors.com.  Remember you deserve to have the best representation for you.  Someone who is going to negotiate the best terms for YOU!

The Trails, Summerlin, Las Vegas, NV

Among the communities is Mountain Trails.  Custom homes on half-acre lots; there are 102 lots in this guard-gated community.  The last sale recorded in the community was a home of approximately 4898 sq. feet with 4 bedrooms, 5 baths and a 3-car garage, which was built in 2000.  The sale commenced on April 4, 2008 and sold for $2,050,000, which was 13% less than the original asking price of $2, 335,000. 

Currently there are 8 properties available for purchase, including Frank’s listing at 9904 Moon Valley Place.   This stunning custom home includes lots of custom stonework, a basement with game room, Bar and Theater.  Amazing pool and spa, the property boasts both strip and mountain views from this elevated lot.  The master bedroom includes a marble bath and gym.  The Gourmet Kitchen will inspire the “Iron Chef” in you. 

Frank Napoli - 9904 Moon Valley

For more information about this community, Summerlin Real Estate or Las Vegas Real Estate visit my website at Napoli Group Realtors or call Frank Napoli directly at 702-378-3629 (Toll 800-731-7998).