Archive for December 13th, 2008

Looking for Kitec Information?

December 13, 2008

I’ve had Kitec come up twice in the last week, which is unusual considering that I don’t really work Sun City.   If you need information on the ongoing Kitec lawsuit, you will want to visit PlumbingDefect.com. Although a tentative settlement has been reached, it’s not over yet. This story has a little more background [...]

Posted in Las Vegas Real Estate, The Law, Vegas Life Comments Off

If you want to blame legislation for foreclosures….

December 13, 2008

Then you can’t blame the Community Reinvestment Act, passed in 1977.   You can, however, blame the Bankruptcy Reform that was passed back in 2005.  Here’s the short version: Before [Bankruptcy Abuse Reform], any household could file Ch. 7 bankruptcy and have credit cards and other unsecured debts discharged. Sidestepping unsecured debts left more income [...]

Posted in Distressed Property Comments Off