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Las Vegas Foreclosures – The Crazy Market of Las Vegas Real Estate

The real estate market is not as normal as it is today in Las Vegas. As a foreclosure home buyer, after hearing the news that Las Vegas is the number one highest foreclosure rate in the country, I would think that prices would be super low compared to others. Unfortunately, the case is the opposite of what you might expect. I recently tried to purchase a house that was recently released for sale by a bank. With the asking price of one property of 68,000 US Dollars, I decided to buy it. I was dismay to learn that multiple offers were presented to bank for the property.