News
Nevada Face of Foreclosure Report For 2013
The Nevada Association of Realtor
Are Short Sales Going To Get Shorter?
The running short sale joke is that no part of them are short. Freddie mac came out yesterday and said that they can speed up FHLMC backed short sales by 50-75% (effective November 1, 2013). The full post is here… Fannie Mae Short Sale Time Frame Among the many reasons they believe their short sale […]
Reno Real Estate Roundup
Detroit Homes for $1- DailyCaller.com Homes this cheap used to be the result of an HOA foreclosure that would rip you off because of the remaining first mortgage. Demand Outpaces Inventory- RGJ.com Nothing new but stas are included from the Builder’s Association forecast. Foreclosure Rate Drops- RGJ.com Hence low inventory. 1.4 million Homeowners Bailed Out […]
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 […]
Reno Real Estate Roundup 12/21/2012
Man Charged With Intending To Rape A Real Estate Agent- WFMZ.com Buyers and sellers… This is why we may refuse a first meeting anywhere other than our office. Don’t take it personal. Reno One Of The Top 8 Places To Retire- RGJ.com No link to the actual retirement article because the magazine doesn’t have a […]
Will AB 284 Be Amended And Where Are The Foreclosures?
Pretty good article in the RGJ today about new negotiations over AB 284. The article can be found here, RGJ Article. While the talks are still preliminary, AG Masto says the bill won’t be changed but there may be clarification on “personal knowledge”. If you’re new to Nevada Real Estate, AB 284 is a bill […]
Reno Real Estate Roundup 12/14/2012
33% Of People Said They Would Get A Mortgage From Wal-Mart- Reuters.com I might if they’re willing to keep it instead of selling to Fannie or Freddie. More Short Sales Coming On The Market- RGJ.com Be patient… Most of them will close. Just not quickly. Strategic Default May Rise In The Near Future- DSNews.com If […]
Reno Real Estate Roundup 11/23/2012
Rising Sales And Prices In Reno/Sparks- RGJ.com The trend continues… low inventory is increasing sale prices. Exact figures to come next week. Realtor
FHA Loans To Cost More For Home Buyers
Be prepared first time home buyers… The cost of an FHA loan will probably go up in 2013 in order to make up for a $16.3 billion deficit currently being run by FHA. Premiums will go up 10 basis points meaning about $13 per month more that buyers will have to pay on their loan. […]
When Is The Wave Of Foreclosures Coming?
Shadow inventory continues to loom over the Reno/Sparks real estate market as AB 284 wears thin with banks. Banks are starting to figure out how to to get through the “personal knowledge” part of the bill and defaults are starting to rise. Ticor Title foreclosure statistics (picture below) show that the notice of defaults, notice […]