Forrest Hills (Las Vegas, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
I get asked this question very often and it is a very valid concern in regards to the lending process these days! When the appraisal comes in “low” it means that it is less than the contracted price.  If the buyer was planning on putting the minimum down for the down payment then the low appraisal can cause a deficiency between the loan to value ratio. Several things could happen: The buyer submits an addendum to the seller to lower the price to the appraised price.  FHA appraisals “stick” to a property for a certain period of time.  If there is a high amount of FHA buyers in the market, it is wise for the seller to agree to the reduced price.  Right now FHA buyers make up between 25-30% of the Las Vegas closed sales.  That means if the seller rejects lowering the price to put the home...
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This is a VVV exclusive, as the story hasn’t been told anywhere else. I heard from a friend that Liberace had designed, but never lived in one of the Tudor Townhomes in Forest Hills. I dug a little deeper, and got introduced to the owners, who graciously allowed the first look at the newly restored home. According to my sources, though unverified, Liberace was on the original board of the association, helped with the design and architecture of the complex, and then  rebuilt the model home to his own specs. There’s a all kinds of discrepancies and inaccuracies between the assessors records and the Review Journal Story that I’ve posted below. Liberace sold the property to Millie Kaufman in 1982, but I see no sign of Millie having sold it back to Liberace, yet his estate was the seller of...
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