Category Archives: Government

Freddie Mac Lied to the Nation

Posted on February 17, 2012 by admin

Tweet If you ever bought or even tried to buy a short sale you are aware of the problems and difficulty in completing the transaction.  You might have wondered, “how could the banks be so obstinate?” We now learn that … Continue reading →

Posted in America, Economy, Foreclosure, Fraud, Government, Mortgage Fraud, Politics, Real estate news, Short Sale Fraud | Tagged , , , , , | Leave a comment

Foreclosure Activity Likely to Increase This Year

Posted on January 27, 2012 by admin

Tweet We can expect a large increase on foreclosure activity this year. At least, that’s what the LA Times thinks. Foreclosure activity has been suppressed because the lenders have been focusing on getting their act together. Here in Nevada they … Continue reading →

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Reno Makes another Worst of List

Posted on January 27, 2012 by admin

Tweet Here’s another “best of”, “worst of” list and Reno wins another prize. It may not be the prize that Reno would like on its resume although it’s not necessarily our fault. It is not just a story about Reno … Continue reading →

Posted in America, Economy, Government, Nevada, Politics, Reno, Reno Real Estate, Sparks, Unemployment | Tagged , , , , , , | Leave a comment

Foreclosure Starts are Down Across the West

Posted on January 24, 2012 by admin

Tweet Foreclosure starts are down all across the West Coast for December. Reduced filings were reported in California, Nevada and Washington. Nevada showed drops of 14%. According to ForeclosureRadar the drops were due to the closing of trustee sale locations … Continue reading →

Posted in America, Economy, Foreclosure, Government, Nevada, Real estate news, Sparks Real Estate | Tagged , , , , , , , , | Leave a comment

The Informal Economy

Posted on January 23, 2012 by admin

Tweet Are you a part of the informal economy? Do you do things outside of a formal work structure. Do you get paid in cash, under the table? Do you buy and sell using Craigslist, eBay or other routes? Do … Continue reading →

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Unemployed Borrowers Get Break from Fannie Mae

Posted on January 14, 2012 by admin

Tweet New guidelines from Fannie Mae followed similar guidelines from Freddie Mac on forbearance for homeowners that are unemployed and facing foreclosure. The loan servicer can grant six months forbearance without the GSE’s approval. If the borrower is still unemployed … Continue reading →

Posted in Economy, Financing, Foreclosure, Government, Real estate news, Reno Real Estate, Unemployment | Tagged , , , , , , | Leave a comment

Nevada Notaries Charged With Fraudulent Foreclosure Documents

Posted on December 30, 2011 by admin

Tweet Just in case you may have forgotten about the robo-signing scandal that first came to light in Florida, I thought that I might jar your memory. Florida happens to be a judicial foreclosure state while Nevada is non-judicial. In … Continue reading →

Posted in Financing, Foreclosure, Fraud, Government, Mortgage Fraud, Nevada, Real estate news | Tagged , , , , , | Leave a comment

Nevada Ranks # 46 in List of Best Run States

Posted on December 4, 2011 by admin

Tweet Here’s another one of the “Best of” and “Worst of” lists that must fill journalists need for “product.” This time it is ranking the best of and the worst of the 50 states according to their arbitrary opinion. These … Continue reading →

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New Short Sale Rules From Freddie Mac

Posted on November 22, 2011 by admin

Tweet Effective Jan, 1, 2012 everyone involved with Freddie Mac short sales will be required to sign an affidavit and be held liable for any misrepresentations they may have caused. This is purportedly to ensure that the transaction is at … Continue reading →

Posted in America, Financing, Foreclosure, Fraud, Government, Mortgage Fraud, Real estate news, Short Sale Fraud, Short Sales | Tagged , , , , , | Leave a comment

Fannie Mae Discloses that it Pushed Foreclosures Over Mods

Posted on August 16, 2011 by admin

Tweet It appears that Fannie Mae lied and was pushing foreclosures instead of loan modifications as they had originally insisted. Fannie Mae has released papers and internal memos indicating that the government-controlled GSE has been pushing its lenders to opt … Continue reading →

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