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FAQ on the Housing and Economic Recovery Act (HERA)

September 30th, 2009 3:55 pm
The following FAQ may answer some of the concern you may have on the new HERA mortgage requirements and how they will affect the timeline of your real estate transaction.

The Home Valuation Code of Conduct (HVCC)

September 29th, 2009 3:22 pm
FannieMae and FreddieMac adopted the Home Valuation Code of Conduct (HVCC) in 2008 in order to reinforce, protect, and enhance the overall integrity of an appraiser’s valuation process. This code of conduct became effective on May 1, 2009.

Summary of the new lending regulations HERA

September 28th, 2009 2:49 pm
In 2008, the Housing and Economic Recover Act (HERA) was passed by Congress and became effective July 30, 2009. The Federal Reserve Board published the new regulations under the Truth in Lending Act.

Tips for Avoiding Foreclosure

September 15th, 2009 3:59 pm
The Department of Housing and Urban Development has put out a list of Tips that can help you avoid Foreclosure.

Energy Consumption Evaluation requirements

September 11th, 2009 4:30 pm
Effective January 1, 2011, sellers of residential properties will be required to provide buyers with an evaluation of energy consumption. SB 437 (2007 Session) added the following to the Nevada Revised Statutes (NRS) which outlines this new requirement

Judicial vs. Non-Judicial Foreclosure

September 10th, 2009 4:30 pm
In the state of Nevada, lenders may foreclose by using either a judicial or non-judicial foreclosure process.

Bank of America: The Untruth about Short Sales

September 10th, 2009 4:29 pm
On August 18, 2009, Kimberly Dawson (Bank of America Home Loans Vice President-Group Operations Manager Short Sales) participated in an audio conference hosted by Campbell Communications. During the conference, Dawson gave an overview of Bank of Americaâ

HOPE for Homeowners

September 9th, 2009 4:27 pm
Borrowers having difficulty paying their mortgage will be able to refinance into FHA-insured mortgages under the program.

Q&A: Making Home Affordable Program: Refinance

September 8th, 2009 4:24 pm
The Making Home Affordable program allows eligible homeowners to refinance or modify their loans to a payment that is more affordable. It is broken into two parts; the Home Affordable Refinance, and the Home Affordable Modification.

LENNAR MEASURES EXCELLENCE THROUGH GREAT DEALS, TOP QUALITY HOMES IN RENO

August 5th, 2009 1:28 pm
Beginning in August, Lennar is putting forward some of their finest offers on all homes so potential homebuyers can step into the housing market and see why Lennar homes are the measure of excellence. Housing Market.

Q&A: Making Home Affordable Program: Modification

August 3rd, 2009 3:15 pm
The Making Home Affordable program allows eligible homeowners to refinance or modify their loans to a payment that is more affordable. It is broken into two parts; the Home Affordable Refinance, and the Home Affordable Modification. The following ar