I attended the Las Vegas Highrise & Condo Association meeting on Friday. This is the first time I've attended a meeting of this dynamic group, and I was very impressed. Cliff Korman of Kirkor, the architectural firm on Sullivan Square project, spoke at length on sustainable highrise development. I'm sold. The Viridian Group's Kiki Bandilla serves as the LVHCA's president.

In response to the numerous requests I am getting from clients looking to buy a condo in Las Vegas, I am going to begin spotlighting some of the better condo projects in town. Tomorrow I'm touring Juhl in downtown Las Vegas. I'll share some information as well as my thoughts on this project in my blog. I hear it has 120 floor plans.

For those of you who have been following Gui's Story: I've lost track ... I think we're on Part 5 or 6 of the deal from hell. I've never seen a deal like it. The title company apparently lost the file! Every day I'm all over that escrow officer, assembling the pieces for her again before troubleshooting the next problem. Looks like she's finally going to be able to get this closed on Tuesday, and I can wrap up the final chapter.

There are so many REOs in escrow right now that seller's agents and title companies are way behind. Deals that were taking 10 days are now taking weeks. My clients are ready on their end, but the banks are taking much longer to get everything to the title company. Utilities and HOAs are overburdened with requests for pay-offs on REOs -- another area where delays are occuring more often.

If you're planning to make an offer on an REO, expect the response to take up to a week. I had an offer approved the same day on Thursday, but more often than not the banks are slower to respond as sales continue to rise.

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