REO Blog
Update: Breslow (State of Nevada) Home Retention Program
I must have missed this the first time I read through the articles. According to the Las Vegas Review journal, article here, $100 million of the funds used in the program will be from the treasury department. Breslow was quoted as saying this will have no cost to the state. While that is technically true […]
Zombie Title In Real Estate?
Well not real zombies… Michelle Conlin, of Reuters, published an article on zombie title. Found here… Special Report: The Latest Foreclosure Horror: The Zombie Title While Conlin only cites one instance it’s actually pretty common… The bank files for foreclosure. On the sale date at the courthouse the bank rescinds their foreclosure or extends it […]
When Will There Be More Homes For Sale?
Shadow inventory is the discussion being had in all real estate offices and mortgage data companies. If you’ve been trying to buy a house or sell one as a traditional sale you know the market conditions. A house goes on the market and is pending in 3 days. Many times for more than the listed […]
Nevada Program To Aid Struggling Home Owners
State Attorney General Catherin Cortez Masto has created the “Home Again” program for home owners who have missed payments or are under water and current with their payments. Home Again is using $11.7 million from the National Mortgage Settlement to offer assistance in contacting your lien holder, finding mortgage relief programs, financial literacy programs, foreclosure […]
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 […]
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/Sparks Foreclosure Stats for August 2012
Thanks to Ticor Title for the updated foreclosure stats. Foreclosure starts are up for the 4th straight month. Over 3.5 times the amount in April 2012. While the comparison to 2011 and 2010 numbers are still low it looks like the banks are finding a way to power through AB284. I don’t think we’ll ever […]