For Sellers
Washoe County Foreclosure Stats December 2012
Thank you to Ticor Title for the updated foreclosure stats. You can view the stats by clicking the picture to the right. Not much difference from the previous months other than a rise in the Notice of Defaults (first foreclosure filing). This may mean that banks are finally attending to the delinquent loans and finding […]
Mortgage Debt Relief To Continue Another Year
The Mortgage Relief Debt Act was renewed through December 31, 2013. Orginally, enacted by President Bush in 2007 the Act let owner occupied home owner’s write off the debt in a short sale or principal reduction. You can read more through the following links… DSNews.com HousingWire.com For more information on the Reno/Sparks Real Estate Market […]
5 Reasons To Sell In The Winter
Most people believe winter is a poor time for selling their home. Market conditions, seasonal visitors, and seriousness of buyers change all that for the Reno and Sparks real estate market. Below are 5 reasons for selling in the winter. 1. Market Conditions The Reno/Sparks median sales price has appreciated 19.5% since September of 2011. […]
BofA To Wipe Out Second Liens For Home Owners (Video)
Bank Of America is starting a 2nd lien relief program where they will wipe a BofA owned and serviced second loan. Lucky winners will be contacted by mail and have 30 days to opt out should they want to keep the lien on their property. For those that receive letters counseling with an attorney, CPA, […]
Reno/Sparks Foreclosure Stats September 2012
Ticor Title Company published the September foreclosure stats for Washoe County. Notice of defaults, notice of sales, trustee sale purchases, and new REO listings were down from last month. Only 37 REOs were put on the market in September which is pretty worrisome for buyers as it the lowest total in 2 years and will […]
Is A Short Sale Or Foreclosure Worse For Your Credit?
*Broker Kristopher Kent and Renown® Real Estate Services are not financial or legal counsel. The forthcoming information is for entertainment purposes. Readers are advised to seek financial or legal counsel from a certified CPA, accountant, financial planner, or attorney before making any decisions.* Which is worse for you credit? A short sale or foreclosure? The […]
Is there a real estate tax in ObamaCare?
Yes, there is but it may not affect everyone. Though just because the minority may be affected doesn’t mean it doesn’t exist. First of all, I’m not a CPA and readers are advised to receive counsel from a competent CPA or accountant prior to making any decisions. This tax will affect individuals with a adjusted […]
Thirty-Two
It’s been awhile since I’ve blogged on here due to trying to keep up with how fast the market is moving. In it’s simplistic form supply and demand are way out of whack. As of 10:30 am today, 6/1, there were 32 homes available between $100,000-$150,000 with at least 3 bedrooms in all of Reno […]
Get paid $3,000 to Short Sell Your Home.
Recently Kristopher and I were tasked with helping a dear friend of mine short sell her home. When the payment of your mortgage is too much of a burden and you are far from ever recovering (turning right side up), it may be time for you to short sale your home. Instead of riding out […]
Fannie Mae And Freddie Mac Short Sales To Get Shorter
Fannie Mae and Freddie Mac to shorten short sale time frames. Good for both buyers and sellers in Reno and Sparks.