Tag Archives: Foreclosures

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

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

Wells Fargo Sued: Claim They Induced Borrowers to Default

Posted on December 2, 2010 by admin

Tweet A class-action law suit has been filed against Wells Fargo and its servicing company, American Servicing Company.  The lawsuit, filed in the United States District Court for the Northern District of California, alleges that Wells Fargo and ASC induced … Continue reading →

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Banks Sell REO Properties by Auctions

Posted on November 9, 2010 by admin

Tweet With the large number of foreclosures that have taken place in Nevada the banks have resorted to auction companies to dispose of their large inventories of REO properties.  REDC is one of these companies. I have, in the past, … Continue reading →

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