Tag Archives: Foreclosures

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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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

Would You Catch a Falling Knife?

Posted on January 18, 2012 by admin

Tweet The question arises, has the real estate market bottomed out? And is this a good time to buy? Can you compare buying real estate today to catching a falling knife? If you ever wanted to see a super analysis … Continue reading →

Posted in Economy, Financing, Foreclosure, Real estate news, Reno Real Estate, Sparks Real Estate | 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

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

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

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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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 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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Nevada Tops the U.S. in Foreclosures for 52nd Month in a Row

Posted on June 2, 2011 by admin

Tweet According to RealtyTrac, Nevada led the U.S. in foreclosures for 52 months in a row.  Foreclosures jumped by 23% to an all time high. One out of 97 homes received a foreclosure notice in the month of April.  The … Continue reading →

Posted in Economy, Foreclosure, Nevada, Real estate news, Reno Real Estate, Sparks Real Estate | Tagged , , , | 1 Comment