Tag Archives: Foreclosure

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

State of Washington Sues B of A over Foreclosures

Posted on September 7, 2011 by admin

Tweet The Washington state Attorney General filed suit against Bank of America over its foreclosure practices. Bank of America denies the charges. Attorney General Rob McKenna alleged that a unit of Bank of America Corp. that handles foreclosures on behalf … 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

Bank of America Will Accept Back-up Offer in Short Sale

Posted on August 17, 2011 by admin

Tweet One of the problems with short sales is the amount of time they take to complete, often as much as 4 to 6 months, or more. The typical retail buyer is not willing nor able to wait around that … Continue reading →

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Foreclosure Overturned by Oregon Judge

Posted on July 1, 2011 by admin

Tweet An Oregon judge overturned a foreclosure  and subsequent eviction. This case, like many nationwide, also involves MERS, the Mortgage Electronic Registration System. MERS was created, in part to avoid the expense of paying recording fees to the local county … Continue reading →

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Home for Rent; Foreclosures Considered

Posted on June 27, 2011 by admin

Tweet A month ago I posted: “Can You Rent a Home After Foreclosure?“  This post received a significant amount of viewers. I want to add that in this current rental marketplace, especially here in Reno, any landlord who would not … Continue reading →

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Belvedere Developer and the Glassman

Posted on June 27, 2011 by admin

Tweet Bijan Madjlessi is the real estate developer that was arrested because of dual insurance claims because of a fire at the Belvedere towers condo project. It appears that he had a history of using and abusing people.  It seems … Continue reading →

Posted in Financing, Foreclosure, Fraud, Lawsuit, Mortgage Fraud, Real estate news, Reno Real Estate | Tagged , , , , , , | Leave a comment

A New York Appeals Court Rules Against MERS

Posted on June 24, 2011 by admin

Tweet Another foreclosure proceeding involving MERS was thrown out by a New York appeals court. In part, the court ruled: In sum, because MERS was never the lawful holder or assignee of the notes described and identified in the consolidation … 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 →

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A Legal Victory for MERS in California

Posted on June 15, 2011 by admin

Tweet A California appeals court granted MERS, (Mortgage Electronic Registration Systems) a legal victory by ruling MERS can launch foreclosure procedures even when it lacks possession of a promissory note. In its Ferguson v. Avelo Mortgage verdict, the California Second … Continue reading →

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