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Selling Northern NV

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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Selling Northern NV

September 2009

FAQ on the Housing and Economic Recovery Act (HERA)

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.

The Home Valuation Code of Conduct (HVCC)

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.

Summary of the new lending regulations HERA

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.

Tips for Avoiding Foreclosure

Sep. 15, 2009
The Department of Housing and Urban Development has put out a list of Tips that can help you avoid Foreclosure.

Foreclosure Prevention Options

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

Energy Consumption Evaluation requirements

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

Judicial vs. Non-Judicial Foreclosure

Sep. 10, 2009
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

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

HOPE for Homeowners

Sep. 9, 2009
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

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.