Good News for Poker Players Looking for Las Vegas Real Estate? Boyd Gaming Reaches Agreement to Build on Stalled Echelon Project

Boyd gaming has reworked an agreement they made with Morgans Hotel Group which in effect makes it entirely possible we'll see movement with the $4.8 billion dollar development.

The deadline to obtain construction financing has now been extended through 2009 and Boyd Gaming will now return a $30 million dollar deposit plus interest. The result is Morgans having sole control over the use of all brands associated with the development.

Too bad it's not that easy for your everyday, typical, high rise condo purchasers to have their deposits refunded for the units they now longer wish to close on.

"Well, you see at the time, I thought it was a good idea to buy that high rise condo, but now that it's worth maybe half of what I bought it for, I no longer want to close, so please refund my deposit... and by the way, I'd like interest on all that money as well." Try that line out on Trump, or Allure, or MGM, or any of the other projects in town that are having a tough time converting contracts to closings.

So is this good news? Perhaps - but keep in mind this new agreement can be terminated by either company at any time before December 31st, 2009. Like with the Major League Baseball season, we may have to wait until the last minute to see how things shake out.

In the meantime, may I suggest some Las Vegas condo foreclosures? Plus there's many other options were you can put your money to use with high yield investments as well.

Bank Foreclosure Condo in Las Vegas - $88/psf

This just in: Check out this beautiful Las Vegas condo foreclosure deal - 2 story, 5 bedroom, 2 bath home with lots of upgrades. Rock accents, built in jout door BBQ kitchen, surround sound, pool, extended Master with balcony, plus some very interesting information for those of you interested in hearing more. (you'll like this deal! - name and phone number please)...

Of course this isn't the only condo foreclosure deal in town. While you're salivating at the above foreclosure condo, have a look at these Las Vegas condo foreclosure availabilities as well.

We're Busy with Vegas Condo Foreclosures - Don't Waste Time with Short Sales

Busy, busy, busy... That's what we've been lately working with our preferred investors and getting them amazing foreclosure deals that they're actually closing on! Short sales are one thing - if you can close them. And there are a lot of people out there recently who are now "specializing" in short sales. The problem is... they just don't close - and if they DO close, it usually takes forever and the buyer is missing out on other significant foreclosure deals in the interim while they go back and forth with the bank in an unending pendulum type swing.

Anyway, that's why we deal primarily in foreclosures rather than short sales and why our foreclosure website is named "Vegas Foreclosure Condos". So what are the latest deals? How about these:

• There's a 2 bedroom, 2 bath condo foreclosure at the Park Avenue Condo project going for $139,000. You don't want to know what it originally sold for! This beautiful condo unit has got high ceilings, underground parking and an elevator to the unit along with 24 hour guard gated community, 2 pools and a gym. View all available condo foreclosures in Park Avenue right now. (you can cycle through each listing using the arrow buttons in the lower left part of the screen)
  
• How about this fully furnished bank owned unit at the Platinum high rise condo hotel? It's a great 1 bedroom, 1 bath unit with a full view of the North Strip with all the amenities priced at $251,900 - that's $338 per square foot! See a list of Platinum high rise condo availabilities here.
  
• Ever hear of Spanish Trails Country Club? Trust me on this one - it's VERY nice in perhaps one of the most prestigious areas of town. For those of you looking for high end luxury foreclosures, check out this Estates at Spanish Trails luxury foreclosure home.
  
• And here's an AMAZING deal at the Vistana - a 2 bedroom, 2 bath, 906 square foot unit for just $75,400! $83 per square foot makes this bank condo foreclosure an absolute steal. There's many more opportunites in Vistana as well. View all bank owned condos at Vistana here.

I told you we were busy. Why are you still reading... at not contacting us immediately for more amazing bank owned foreclosure deals so YOU can take advantage of this crazy economy of ours. An economy where buyers - believe it or not - are actually buying!