It’s really hard to find quality information on what you will find in the various areas of the Las Vegas Valley. I started to tackle that problem with Friday’s Getting REAL (Estate) in Vegas (Watch it here!). We’re talking about the “North” areas 101, 102, and 103 in our MLS, including communities like Aliante. In [...]
Tuesday, the President said we don’t need a moratorium on foreclosures. Indeed, the statement said the administration was concerned about unintended consequences. Wednesday, the states rendered his opinion irrelevant. Forty states — no, 49! — no, all 50!* — state Attorneys General have opened investigations into mortgage fraud. It should surprise nobody if one of [...]
As much as I would like to give a whole lot of deep analysis on this, there’s just too much news this week. Bank of America has joined Chase and GMAC in freezing foreclosure in states where a judge must actually sign off — not Nevada! — but Wells Fargo insists that there is no [...]
Nevada state law does require new residents to get Nevada plates within 30 days of moving here. However, it’s easy to let that slide in the madness of an interstate move. The Review-Journal reports that there’s a new hotline designed to catch people who haven’t gotten that little chore handled in a timely fashion. In [...]
The headline over at the New York Times is “Seeking a Mortgage? Don’t Get Pregnant“. Over at CNBC, the same article is called “Need a Mortgage? Don’t Get Pregnant.” The gist is that if you are expecting or on maternity leave, you aren’t getting a mortgage because their “income has temporarily fallen while they are [...]
Clark County has proposed some big changes to the rules for pet owners. The new rules seem to be targeted at ensuring responsible pet ownership as well as cracking down on “puppy mills” and “crazy cat ladies.” The County Commission will be voting on these and other new rules later this month [Source: LVRJ]: Those [...]
You may recall that some time ago I wrote about how important it is to re-key the locks on your new home after closing. This is even more important on bank owned homes because most of them are keyed to a “master” key. The Department of Housing and Urban Development is much like a bank [...]
If you are excited to read that headline, you aren’t going to like what follows. For the rest of you, let me back up and briefly explain what “hard money” is all about. In short, hard money is a loan it would be “hard” to get anyplace else. According to eHow, “A hard money lender [...]
Two little news bits for you. First, the Senate has attached an extension of the $8000 first time buyers tax credit to a bill extending unemployment aid and passed it unanimously (some restrictions apply, of course). The House of Representatives still has to vote on such a proposal, but a compromise is already in the [...]
More courts are getting picky about mortgage documents when considering judicial foreclosures and bankruptcies. And it isn’t just state courts either; now at least one federal court is in on the action. More federal judges will have a chance to rule on these issues as a part of bankruptcy proceedings. It will be interesting to [...]
