Reno, Nevada
My Blog brings a wide range of information on all things "Real Estate" to one place. You'll find; stats on market conditions, investing tips, real estate news, advice for real estate professionals, and much more.
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Sep. 30, 2009
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.
Sep. 29, 2009
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.
Sep. 28, 2009
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.
Sep. 15, 2009
The Department of Housing and Urban Development has put out a list of Tips that can help you avoid Foreclosure.
Sep. 12, 2009
There are several options that may be available to homeowner who are in default, or about to be in default on their mortgage. These options include: Loan Modifications, Prepayment Plan, Making Home Affordable, Short Sale, Deed in Lieu of Foreclosure, and
Sep. 11, 2009
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
Sep. 10, 2009
In the state of Nevada, lenders may foreclose by using either a judicial or non-judicial foreclosure process.
Sep. 10, 2009
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
Sep. 9, 2009
Borrowers having difficulty paying their mortgage will be able to refinance into FHA-insured mortgages under the program.
Sep. 8, 2009
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.
Aug. 3, 2009
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
Jul. 20, 2009
In today’s market of short sale and REO transaction, there is a common problem I’ve been encountering when these transactions go south. It can sometimes be difficult to get the other party (typically the seller) to sign cancelation instructions which
Jun. 8, 2009
Freddie Mac released bulleting Number: 2009-5 on March 4, 2009 in support of the federal Making Home Affordable Program. The bulletin included eligibility requirements for the Freddie Mac Relief Refinance Mortgage. The following are key aspects of that
Jun. 8, 2009
Per: Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers Pre-foreclosure Sales Commission guidelines are as follows:
Jun. 8, 2009
What is a Short Sale?
Why would a mortgage lender agree to a Short Sale?
What are the requirements to begin the short sale process?
Will I be responsible to pay taxes on the amount forgiven?
What if I don’t want to sell?
Should I try a loan modific
Jun. 8, 2009
In February 2008, the Short Sales Work Group (established by NAR) met to put together a report which addressed Realtor’s concerns about Short Sales.
Jun. 8, 2009
When the first lender carries out a foreclosure sale, the second mortgage lender may be able to take the following steps
Jun. 8, 2009
Everyday more and more Americans are at risk of becoming default on their mortgage, and simply do not know what they can do.
Jun. 8, 2009
Many people make the mistake in thinking that because their lender foreclosed on their home, that they no longer owe on their debt. This is dangerous misconception. In the state of Nevada (check your state laws) after your lender forecloses, they may fi
Jun. 8, 2009
The U.S. Department of Housing and Urban Development issued Mortgagee Letter 2009-15 on May 11, 2009. A portion of this letter outlined the use of the First-Time Homebuyer Tax Credits for use as a Down payment on an FHA mortgage.
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