Category Archives: Nevada

Mortgage Interest Rates at Record Low

Posted on December 23, 2011 by admin

Tweet The rate on the 30-year fixed mortgage reached a new record low of 3.91 percent. This marks the third new low this year. The 15-year fixed mortgage rate, remained unchanged at a low of 3.21 percent. The exceptionally low … Continue reading →

Posted in Economy, Financing, Nevada, Reno, Reno Real Estate, Sparks Real Estate, Unemployment | 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 →

Posted in America, Economy, Government, Nevada, Politics, Unemployment | Tagged , , , , | Leave a comment

Reno, Wind, and Fire

Posted on November 19, 2011 by admin

Tweet As you probably already know from a myriad of sources,, and from just living here. We had some extremely strong winds yesterday. Along with those winds a large number of families lost their homes to fire. The last count … Continue reading →

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Canadians Think Las Vegas is Good Investment

Posted on November 2, 2011 by admin

Tweet Canadians must think Las Vegas is a good place to invest. Else, why would they be putting their own money there? The reality is that Candadians are investing in Las Vegas, big time. Do they know something that we … Continue reading →

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Would I buy a Belvedere Condominium?

Posted on October 7, 2011 by admin

Tweet My posts on this blog about the Belvedere condominium project and developer Bijan Madjlessi generated more interest than any other so far. Readers have even contacted me asking what I thought about buying units in the project. I must … Continue reading →

Posted in Foreclosure, Fraud, Lawsuit, Mortgage Fraud, Nevada, Real estate news, Reno Events, Reno Real Estate | Tagged , , , , , , , | 2 Comments

MERS Foreclosure Upheld by California Courts

Posted on September 29, 2011 by admin

Tweet Two different courts in California have upheld foreclosures by MERS corp. The court ruled the statute cited by plaintiffs to prove an improper foreclosure applies only to mortgages, not deeds of trust, and other state laws give MERS authority … Continue reading →

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The Continuing Belvedere Saga

Posted on August 25, 2011 by admin

Tweet I have received a lot of visitors from the Reno Realty Blog because of the discussion on the Belvedere. One thing I noticed is that the link to the RGJ article no longer work. After 30 days the RGJ … Continue reading →

Posted in Financing, Foreclosure, Nevada, Real estate news, Reno Real Estate, Reno Short Sales | Tagged , , , , , | Leave a comment

A Harry Reid Form Letter to Show how Much he Cares

Posted on August 9, 2011 by admin

Tweet A friend received the following email from Sen Harry Reid; Dear M XXXXXXXXXXXXX: Thank you for contacting me. I appreciate hearing from you and agree with you about the importance of restoring fiscal discipline in Washington. As you probably … Continue reading →

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Belvedere Developer also Linked to Failed Bank in CA

Posted on June 20, 2011 by admin

Tweet Bijan Madjlessi was/is the owner of the Belvedere Towers condominium project here in Reno and who had neglected to pay his property taxes resulting in the property being seized in a tax foreclosure by Washoe county. Madjlessi has also … Continue reading →

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

Belvedere Developer Arrested for Insurance Fraud

Posted on June 6, 2011 by admin

Tweet California Insurance Department officers arrested Madjlessi last week for insurance fraud. Bijan Madjlessi, who controls the Belvedere Towers condominium project in downtown Reno, has been charged with felony insurance fraud in making multiple claims for losses after the building … Continue reading →

Posted in Fraud, Nevada, Real estate news | Tagged , , , | 1 Comment