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Reno/Sparks Market Report For April 2013
The Reno/Sparks Association of Realtor
Foreclosure Stats for April 2013
Ticor Title sent out the updated historical foreclosure stats up to April 2013. You can view the graph by clicking the picture to the right. Below is an overview: NODs (Notice of Default) inched up to 287 NOSs (Notices of Sale) were down a bit but still higher than the past 9 months TDs (Trustee’s […]
Sue your lender? Do Not Collect, GO Straight to Jail!
I recently stumbled upon an interesting real estate story that I thought I would share. An agent in my office presented an opportunity to purchase an REO from a bank for one of my investment funds that I own a small interest in. The property has sat vacant for approximately 4 years and was involved […]
Reno Real Estate Round Up 4/19/2013
Real estate news from the past week…ish. Nevada Back To #1 For Foreclosures-RGJ.com #1 again!!! Lenders Allowing 5% and 10% Down-RGJ.com A way better deal than FHA’s 3.5% People Still Want To Buy Houses-DSNews.com Gallup Poll for what it’s worth. Foreclosure Timelines Are Getting Longer-DSNews.com Just keep adding to the inventory. […]
Reno/Sparks Real Estate Statistics For March 2013
The Reno/Sparks Association of Realtor
Old Southwest Reno Is Getting Really Expensive
A new listing came out this evening. Heart of the Old Southwest for a cute little home around 1,300 sqft. No big deal until I looked at the price per sqft… $306.92 per sqft. There’s only been 4 homes in the past 4 years to sell over $300 per sqft (current property is on the […]
The Logical Mortgage
McLean Mortage in Virginia has come out with an innovative way to give their buyers an edge in putting in offers. The McLean “LoanFirst Program” will give a buyer a full pre-approval prior to putting in an offer. This pre-approval differs from a traditional pre-approval because they will put in the full loan application, process […]
Washoe County Foreclosure Statistics For March 2013
Ticor Title Company sent out the updated foreclosure stats for March 2013. The full stats can be viewed by clicking the picture to the right. Notice of Defaults hit their highest point since September 2011 (start of AB 284) Notice of Sales (final recording before foreclosure) at their highest since February 2012 Trustee’s Deeds were […]
Reno Real Estate Roundup 3/29/2013
FHA Loan Prices To Increase On April 1st- Renown®homes.com If rates go up a refi may not work. You should look into a conventional with 5% down. Fannie Mae Says Housing Return To Remain- Inman.com It’s still about 70/30 that the market won’t depreciate in the near future. Streamlined Loan Mods From Fannie and […]
AB300 To The Rescue? Redefining AB284…
The legislature is in full swing and they will finally begin to tackle the AB284 language debacle. For those of you that haven’t been following… AB284 made it tougher for a lien holder to foreclose due to the vague language of “personal knowledge” and other verbiage. Oh yeah… it’s also a felony if you mess […]