Bank Owned REO Properties in Las Vegas NEVADA Las Vegas Bank Owned Properties (Clark County)
 
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List Of Clark County NV (Las Vegas), Properties (2807) Owned By Banks via instruments (Deed In Lieu) Lis Pendens, Deed Xfer or NOD's

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Las Vegas REO Properties 1/27/2012 1929 FALLING TREE AVE NORTH LAS VEGAS NV 89031 $76,491 1293 3 2 SF
Las Vegas REO Properties 12/23/2011 1704 RIO DEL MAR DR LAS VEGAS NV 89128 $245,580 2577 4 3 SF
Las Vegas REO Properties 12/22/2011 5012 CANNON BLVD LAS VEGAS NV 89108 $42,571 1095 3 2 SF
Las Vegas REO Properties 12/22/2011 8465 CAMBRILS AVE LAS VEGAS NV 89178 $222,780 2404 3 2 SF
Las Vegas REO Properties 12/21/2011 5213 MISTY FOXGLOVE CT NORTH LAS VEGAS NV 89081 $191,800 1820 3 2 SF
Las Vegas REO Properties 12/21/2011 5825 FORREST HILLS LN LAS VEGAS NV 89108 $59,409 1404 3 1 SF
Las Vegas REO Properties 12/20/2011 4615 MISSION CANTINA ST NORTH LAS VEGAS NV 89081 $119,349 1918 3 2 SF
Las Vegas REO Properties 12/19/2011 268 COLLEEN DR LAS VEGAS NV 89107 $50,797 1630 3 2 SF
Las Vegas REO Properties 12/16/2011 7227 LOS BANDEROS AVE LAS VEGAS NV 89179 $230,297 3720 5 3 SF
Las Vegas REO Properties 12/16/2011 6115 MT MCKINLEY AVE LAS VEGAS NV 89156 $17,714 0 0 0 S
Las Vegas REO Properties 12/15/2011 10245 S MARYLAND PKWY # 209 LAS VEGAS NV 89183 $59,583 1188 3 2 CO
Las Vegas REO Properties 12/15/2011 3209 BIRDWATCHER AVE NORTH LAS VEGAS NV 89084 $138,317 1918 3 2 SF
Las Vegas REO Properties 12/15/2011 469 ANNAPOLIS CIR HENDERSON NV 89015 $72,843 1231 3 2 SF
Las Vegas REO Properties 12/14/2011 7885 W FLAMINGO RD # 2151 LAS VEGAS NV 89147 $49,197 934 2 2 CO
Las Vegas REO Properties 12/13/2011 6800 E LAKE MEAD BLVD # 2007 LAS VEGAS NV 89156 $23,514 671 1 1 CO
Las Vegas REO Properties 12/12/2011 7111 S DURANGO DR # 106 LAS VEGAS NV 89113 $56,337 943 2 2 CO
Las Vegas REO Properties 12/12/2011 3937 JACKPOT CIR LAS VEGAS NV 89110 $58,563 1184 3 2 SF
Las Vegas REO Properties 12/9/2011 6289 BARTON MANOR ST WHITNEY NV 89011 $92,049 1534 3 2 SF
Las Vegas REO Properties 12/9/2011 7413 DELECTABLE CT LAS VEGAS NV 89149 $97,711 2113 4 3 SF
Las Vegas REO Properties 12/8/2011 23 E AGATE AVE 304 LAS VEGAS NV 89123 $84,140 1155 2 2 CO
Las Vegas REO Properties 12/6/2011 2010 FORT LARAMIE LN PARADISE NV 89123 $155,854 1967 3 2 SF
Las Vegas REO Properties 12/6/2011 11132 CIVITA ST ENTERPRISE NV 89141 $167,914 2185 3 2 SF
Las Vegas REO Properties 12/6/2011 3901 ASPEN COVE ST LAS VEGAS NV 89129 $124,340 1849 3 2 SF
Las Vegas REO Properties 12/6/2011 24 MANOR HILL AVE LAS VEGAS NV 89183 $105,969 1620 3 2 SF
Las Vegas REO Properties 12/6/2011 1135 CAREFREE PEAK CT LAS VEGAS NV 89110 $104,740 1606 3 2 SF
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Deed In Lieu Close
A Deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.

The principal advantage to the borrower is that it immediately releases him/her from most or all of the personal indebtedness associated with the defaulted loan. The borrower also avoids the public notoriety of a foreclosure proceeding and may receive more generous terms than he/she would in a formal foreclosure. Another benefit to the borrower is that it hurts his/her credit less than a foreclosure does. Advantages to a lender include a reduction in the time and cost of a repossession, lower risk of borrower revenge (metal theft and vandalism of the property before sheriff eviction), and additional advantages if the borrower subsequently files for bankruptcy.

In order to be considered a deed in lieu of foreclosure, the indebtedness must be secured by the real estate being transferred. Both sides must enter into the transaction voluntarily and in good faith. The settlement agreement must have total consideration that is at least equal to the fair market value of the property being conveyed. Sometimes, the lender will not proceed with a deed in lieu of foreclosure if the outstanding indebtedness of the borrower exceeds the current fair value of the property. Other times, lenders will agree since they will end up with the property anyway and the foreclosure process is costly to the lender.

 

Las Vegas Bank Owned Properties