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Auction Companies Selling Houses for Low Prices

LAS VEGAS -- The Las Vegas valley's huge inventory of bank-owned properties is causing home prices to plunge. Realtors say they host open houses, hoping for offers, but one catalyst to a housing recovery might be foreclosure auctions.

By buying at a fraction of the cost and fixing them up, companies say they are turning empty houses into homes. By turning the property over to an auction company, it gets swept up, and that means everybody wins.

"If you have the ability to buy at these auctions, it's a great deal. You get great prices," said realtor Anthony Romeo.

Romeo says when a house has been on the market for a long time and needs repairs, regular home buyers may not have the money or patience. So the property just sits until it's up for auction.

Spanish Political Ad Causes Controversy

LAS VEGAS -- A controversial radio and TV ad asking Latinos not to vote in the upcoming mid-term election will not be hitting the airwaves anytime soon.

The Spanish ad was set to be on radio Tuesday, and then eventually on TV. But the local Univision radio station will not be airing the ads at all.

Univision corporate said the radio or TV ads will not air on any Univision stations.

"I think that's a great move from the corporation. They make their own decision in terms of what they are doing, but as a member of the community, I applaud them for actually stepping in and saying, 'We are no longer take these political advertisement that hinder the community,'" said Artie Blanco with the Hispanic Institute.

I-Team: Police Raid Another Medical Marijuana Business

LAS VEGAS -- Another medical marijuana raid with federal ties has been conducted in Las Vegas, this time on the outskirts of Summerlin. Officers from Las Vegas police, the DEA and HAZMAT crews were on the scene for hours.

The owners of Herbal Medical Caregiver were giving patients medical marijuana, but only for donations. That's still illegal.

HMC at Buffalo and Westcliff had just been given a temporary license for being a retail store and tobacco smoke shop at the beginning if the month. But police sources say that Las Vegas Business Licensing became suspicious on a recent visit. That led to the bust.

The HAZMAT crew took out a number of bags of lights and other growing equipment today. An employee on site did not want to speak, but patients say they have few options in the valley.

The owners say the feel targeted. They said they only want to help patients and they call this "robbery."

Early Voting Begins Saturday, Oct. 16

LAS VEGAS -- Thousands of voters are expected to cast their ballot during in the weeks prior to the election.

Early voting begins on Saturday, Oct. 16 and lasts until Friday, Oct. 29. There are dozens of locations around the Las Vegas valley where you can vote at your convenience.

Click here for a list of all the Early Voting sites and times

New Smart Meters Coming to Las Vegas Homes

LAS VEGAS -- You will soon have more control over your power bill because your power meter is getting smarter. NV Energy's new smart meters will be installed in every home in Nevada by 2012.

The new smart meters will look just like your old ones, except you will be able to read them and control them from your home, office, laptop or cell phone. That way, you can decide how much or how little power to use throughout the day.

"What we want to do is provide that information so that at any given time during the month, they can say, 'I need to do something. Maybe I need to turn my thermostat a little bit higher. Maybe I need to pull the plug on my plasma TV rather than have the radiator run at any time,' and that will translate into instantaneous savings and the bill will be lower," said NV Energy CEO Michael Yackira.

Operation Bad Company Nets 29 Arrests

LAS VEGAS -- Dozens of career criminals got an unexpected knock on their door Tuesday morning. Las Vegas police arrested 29 people from all over the valley in Operation Bad Company. Police say these suspects were were behind home invasions, burglaries and auto thefts, and more arrests are coming.

This wasn't one large crime ring; rather several small crime rings who made the mistake of selling stolen items to undercover police officers.

Several months ago, the northwest area of town was hit with several home invasions. Some of the criminals arrested were behind that string of incidents. Twenty-nine people are in custody, but 10 more people will be arrested or charged soon.

Operation Bad Company Nets 29 Arrests

LAS VEGAS -- Dozens of career criminals got an unexpected knock on their door Tuesday morning. Las Vegas police arrested 29 people from all over the valley in Operation Bad Company. Police say these suspects were were behind home invasions, burglaries and auto thefts, and more arrests are coming.

This wasn't one large crime ring; rather several small crime rings who made the mistake of selling stolen items to undercover police officers.

Several months ago, the northwest area of town was hit with several home invasions. Some of the criminals arrested were behind that string of incidents. Twenty-nine people are in custody, but 10 more people will be arrested or charged soon.