Homes lost value

PHOTOGRAPH GeoEye

There’s a 16-home cul-de-sac in North Las Vegas called Via Maria Court that tells the story of the housing bubble, from inflated prices to a wave of foreclosures. In early 2009, Obama vowed that his Home Affordable Modification Program would reduce monthly payments for 3 million to 4 million Americans. To date only 1 million have received assistance. Meanwhile, hundreds of billions were returned to the Treasury unspent. Things are looking up: This year the Case-Shiller 20-City Composite Index has risen 5.9 percent, and Via Maria’s prices are edging up, too. Investors are back on the block, including a man from Alaska who paid cash for No. 4811.

No. 4819

UNDERWATER

Pre-crisis price: $108,500

Estimated value today: $74,944

No. 4823

UNDERWATER

Pre-crisis price: $213,000

Estimated value today: $75,189

Financed at 88%

No. 4827

UNDERWATER

Pre-crisis price: $238,000

Loan refinanced 6/10 for $1,045 less per month

No. 4831

FORECLOSED/SOLD

Pre-crisis price: $251,400

Financed at 100%

Foreclosed 3/09

Sold 8/12 for $100,000

No. 4830

UNDERWATER

Pre-crisis price: $111,500

Estimated value today: $86,397

No. 4826

FORECLOSED/SOLD

Pre-crisis price: $239,900

Financed at 100%

Foreclosed 5/10

Sold 8/10 for $70,000

No. 4822

UNDERWATER

Pre-crisis price: $220,000

Estimated value today: $87,860

No. 4818

FORECLOSED/SOLD

Pre-crisis price: $245,000

Financed at 80%

Foreclosed 5/11

Sold 10/11 for $64,000

No. 4814

FORECLOSED/SOLD

Pre-crisis price: $227,500

Financed at 99%

Foreclosed 4/10

Sold 8/10 for $81,126

No. 4810

UNDERWATER

Pre-crisis price: $139,000

Estimated value today: $87,684

No. 4806

FORECLOSED/SOLD

Pre-crisis price: $230,000

Foreclosed 12/09

Sold 2/10 for $78,500

No. 4802

UNDERWATER

Pre-crisis price: $155,000

Financed at 98%

Quit claims in 10/11 and 12/11

Estimated value today: $76,811

No. 4803

FORECLOSURE AUCTION

Pre-crisis price: $283,000

Financed at 95%

Scheduled for auction

No. 4807

SHORT SALE

Pre-crisis price: $250,000

Financed at 102%

Sold 3/10 for $75,000

No. 4811

FORECLOSED/SOLD

Pre-crisis price: $175,000

Financed at 100%

Foreclosed 12/11

Sold 5/12 for $70,250

No. 4815

UNDERWATER

Pre-crisis price: $305,000

Financed at 100%

Loan-refinanced 7/09

Estimated value today: $89,902

SOURCES RealtyTrac, Redfin, Clark County (Nev.) Assessor’s Office

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