Alright, I gave a lot of practical reasons it wouldn’t work. Now we have one more: the Feds. The Federal Housing Finance Agency has already filed a lawsuit to stop a similar ordinance in Chicago, and they are poised to do the same here in Vegas. Maybe our City Council should have waited to see [...]
It sure looks that way! The California Attorney General has pulled out of the settlement talks and plans to run her own investigation! I wouldn’t be surprised if the New York Attorney General followed, since he‘s already talked about investigating on his own, and says he’s looking forward to talking with her. For that matter, [...]
If any of this sounds like it can help you, get more information at NAHAC.org and call the toll free number at the top of the page. This stuff is being paid for with TARP funds — that’s your tax dollars! — so act now. We had a little bit of real estate [...]
Our legislature was hard at work this Spring, and now we have some new laws to show for it. My favorite is the time limit on banks considering your short sale! I sure hope it gets enforced.
First off, I want to point out that our local home sales are up — propelled by over 1400 closings in the last week of June (which I told you about first!) But much more important is a case that hit the Nevada Supreme Court last week, one of three major rulings about foreclosures and [...]
I can’t honestly say I am surprised by anything in this item from Tuesday’s Review Journal. Specifically, banks are failing to do three things required by Nevada law in our foreclosure mediation program: they aren’t bringing the documents they need with them, such as proof they actually hold the mortgage; they don’t allow for a [...]
I am utterly shocked that this isn’t getting more press coverage. The LVRJ reports that Bank of America’s ReconTrust unit has been ordered by the courts to halt all foreclosures in Nevada. This stops 7500 foreclosures until the courts look into the situation more closely. The short version is that ReconTrust may not have a [...]
Sorry if this post seems a bit disjointed. There’s so much to tell you that just can’t wait until Friday. First of all, don’t forget to watch the latest Getting REAL (Estate) in Vegas for an overview of East side neighborhoods, condo financing criteria, and more! Let’s tackle home sales and prices. Some experts expect [...]
Bank of America has decided to resume foreclosures in the 23 states that have judicial foreclosure. This does not include Nevada! GMAC will do so as well. This of course assumes that the individual states do not get court orders preventing foreclosures in their jurisdictions pending the investigations now underway in all 50 states. Otherwise, [...]
