We originally posted this information back in January. It's still accurate, and still the "gold standard" since it takes you right to the county websites!
We get many, many phone calls from people who need to rent a home, but wonder if the rental they're looking at is in foreclosure or soon will be. The county recorder's office says on a daily basis, renters are learning the home they're living in went into foreclosure. The scary part is that the renters only learn this when they find a notice on their front door telling them they have a few days to move out! Others will find a padlock on their rental home. Not only do these folks have to move out, if they paid first and last month's rent, plus a security fee, they likely won't get that money back.Unfortunately, there is no quick 1-800 number to call and get an answer. Instead you have to do a little detective work. The Watchdog is watching out for you. We've made this as simple as possible and have put a step by step list on how to see if the home you're renting, or want to rent, is currently in foreclosure. It would make a lot of sense to check this on a monthly basis.Here we go!
1. Get the address of the rental property. If it's not in the rental ad, call and get it. Or better yet, set up an appointment to look at the house. That way you'll be sure the address you're given is accurate.
2. Go to the Clark County Assessor website here.
3. In the top left corner, click on address search and then enter the address. Keep in mind you enter the house number, the street name, the type of street (court, circle, road, etc) on separate lines. If you don't know what city or town the rental is in.. just leave that unspecified. Even though the rental home is in Las Vegas, it could show up under another town, such as Spring Valley, etc. Anyway, enter the address information and hit submit..
4. You should see a listing with the exact address. It's probably the first one on the list. Click on the parcel number.
5. Under general information you should see the homeowner's name and address, and also the parcel number again. Write that parcel number down .. you'll need it.
6. Go to the the Clark County Recorder website:
7. The second listing on the upper far left side of the site is "search records" .. click on that.
8. In the middle of the page you'll see several options to search on. Simple, Advanced, Instrument ID and Marriage.
9. Click on "Advanced Search".
10. The only thing you want to concern yourself with on this page is "legal descriptions". There are four lines under legal descriptions .. you want to use the first line which shows parcel number. In the blank space NEXT to parcel number, you want to enter the parcel number you wrote down. Do not enter the dashes between the number .. just the numbers. Then click on the button below that says "Detail Data".This should take you to the "Web Services Detailed Data Results."You'll notice each entry has an instrument number and a document type. If default paperwork has been filed with the recorder's office, it should be listed here. The most recent actions are listed first. If it's not listed now .. you may want to check back on a weekly or monthly basis. If you see something that might be a default, or you want more information, write down the instrument number and take it with you to the county recorder's office. They are there to help you and that instrument number will prevent you from going through all these steps again. Some detailed documents are ONLY available at the county recorder's office. Employees there will help you find what you're looking for.Where is the County Recorder's office? It's inside the big stone-looking building at 500 S Grand Central Parkway known as the Clark County Government Center. It's across from the Premium Outlet Mall and near the World Market Center. The recorder's office is on the second floor. The phone number is 455-4336.
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Las Vegas Rental Homes
Whether you're looking for a great Las Vegas rental home, Las Vegas condo, or Las Vegas townhouse you can find all at LasVegasDreamHomeFinders.com. Find a nice starter home or a luxurious Fine Estate. You can search for a Hi Rise Condo or for a loft. Whether you are looking for a short or long term lease you can find your next rental home here! Listings are updated daily. If you are new to Las Vegas or a long time resident, LasVegasDreamHomeFinders.com has accurate and detailed property information to help you make an informed renting decision. Start your search now as you have several search options to find the latest available rental homes, condos, or townhomes in Las Vegas, North Las Vegas or Henderson. While you're at it, don't forget to check out house insurance options for the houses you're planning to rent long term. 10 Steps to find out if your rental home is in foreclosureJanuary 16,2008
ARTICLE FROM IN BUSINESS LAS VEGAS Real Estate and Development LV market is kind to both renters and landlords By Brian Wargo / Staff Writer Las Vegas has made two more Forbes.com lists. No, it's not updated lists about the least affordable housing markets or metropolitan areas that face the steepest decline in home appreciation — issues Forbes and other publications often write about when it comes to Las Vegas. But some people may be scratching their heads when Forbes included Las Vegas on two lists reviewing markets for renters and landlords. On Aug. 30, 2007, Forbes.com ranked Las Vegas as the fourth-best market in the country for renters. Less than a week later, Forbes.com listed Las Vegas as the seventh-best market for landlords. According to Forbes, Las Vegas is behind Atlanta, Denver and Phoenix if you're looking to rent property. It cited the same oversupply issues plaguing the Las Vegas housing market. Las Vegas went from one of the nation's tightest vacancies at 2.9 percent to one of the most overstocked at 4.9 percent. Rents in lower level units rose faster than the higher end, and it cited how unsold condos have come back into the rental pool. The magazine, however, suggested this might be the best time to rent because job creation will gobble up the supply. As for landlords, the magazine said rising vacancy rates are bad for them, but they are in a good position because Las Vegas has job growth that's three times the national average. "One curious finding: the best locales for landlords and investors aren't necessarily the worst for renters," Forbes said. "Take Las Vegas. While vacancies there have jumped over last year and rental rates have remained low, the city ranked seventh on our list due to its job growth — 4 percent over last year. Sin City is the second best city in America for job growth." So which is it, a renter's market or one for landlords? I asked Hessam Nadji, director of research services at Marcus & Millichap Real Estate Investment Services, who tracks the Las Vegas apartment market. A year ago, when rents were rising and vacancy was tight, Nadji correctly predicted that the inventory would increase and rental rates would slow and incentives would pick up. Nadji classified Las Vegas as a landlord's market. He pointed out that Forbes used his firm's data in listing Las Vegas No. 7 in the country in that category, but Forbes didn't use his firm's data when compiling the renter's list. "I would say it's one of the Top 10 for landlords, but it is becoming more of a renter's market," Nadji said. The reason it is a top landlord's market is the vacancy is below the national average and because of the strong job growth, Nadji said. It is becoming more of a renter's market because of the excess condo and single-family housing inventory, he said. If he had to choose, local analyst Brian Gordon, a principal with Applied Analysis, said he would classify Las Vegas as a landlord's market. "I think apartment owners continue to benefit from strong expansion within the Las Vegas economy," Gordon said. "I think it is a great opportunity for landlords on the horizon." Glenn Dulaine, a broker/salesman with Realty Executives of Nevada, also sees great long-term opportunities for landlords but he considers the market today a good one for both renters and landlords. Tenants are benefiting from the inventory of condo conversions and homes that has prompted owners or lower rents and offer concessions, Dulaine said. But long term, landlords are in a good position because of a lack of land to build multifamily units and the growth in the work force that will result from the opening of more casinos along the Strip, Dulaine said. Dulaine said multifamily developers are in one camp or the other. They are either bullish on the five-year picture or waiting for things to change, he said. While some developers don't believe they can get the rents for the cost to buy land and build, others such as Trammel Crow, Picerne and Alliance are expanding, Dulaine said. The numbers may not pencil as well now for new projects but that will change, Dulaine said. If vacancy rates remain low in the future, landlords will be raising rents. It will be up to the resort industry to pay their employees more money so they can afford the rent increases, Dulaine said.
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