Short Sale
Update: Breslow (State of Nevada) Home Retention Program
I must have missed this the first time I read through the articles. According to the Las Vegas Review journal, article here, $100 million of the funds used in the program will be from the treasury department. Breslow was quoted as saying this will have no cost to the state. While that is technically true […]
Are Short Sales Going To Get Shorter?
The running short sale joke is that no part of them are short. Freddie mac came out yesterday and said that they can speed up FHLMC backed short sales by 50-75% (effective November 1, 2013). The full post is here… Fannie Mae Short Sale Time Frame Among the many reasons they believe their short sale […]
Zombie Title In Real Estate?
Well not real zombies… Michelle Conlin, of Reuters, published an article on zombie title. Found here… Special Report: The Latest Foreclosure Horror: The Zombie Title While Conlin only cites one instance it’s actually pretty common… The bank files for foreclosure. On the sale date at the courthouse the bank rescinds their foreclosure or extends it […]
Nevada Program To Aid Struggling Home Owners
State Attorney General Catherin Cortez Masto has created the “Home Again” program for home owners who have missed payments or are under water and current with their payments. Home Again is using $11.7 million from the National Mortgage Settlement to offer assistance in contacting your lien holder, finding mortgage relief programs, financial literacy programs, foreclosure […]
Mortgage Debt Relief To Continue Another Year
The Mortgage Relief Debt Act was renewed through December 31, 2013. Orginally, enacted by President Bush in 2007 the Act let owner occupied home owner’s write off the debt in a short sale or principal reduction. You can read more through the following links… DSNews.com HousingWire.com For more information on the Reno/Sparks Real Estate Market […]
Will AB 284 Be Amended And Where Are The Foreclosures?
Pretty good article in the RGJ today about new negotiations over AB 284. The article can be found here, RGJ Article. While the talks are still preliminary, AG Masto says the bill won’t be changed but there may be clarification on “personal knowledge”. If you’re new to Nevada Real Estate, AB 284 is a bill […]
Is A Short Sale Or Foreclosure Worse For Your Credit?
*Broker Kristopher Kent and Renown® Real Estate Services are not financial or legal counsel. The forthcoming information is for entertainment purposes. Readers are advised to seek financial or legal counsel from a certified CPA, accountant, financial planner, or attorney before making any decisions.* Which is worse for you credit? A short sale or foreclosure? The […]
5 Ways To Speed Up A Short Sale After Writing An Offer
5 Ways to speed up a Reno and Sparks short sale when you’re already in contract. Last week I posted on how long short sale take and what you can do to find the fast ones. Those blog posts can be viewed through the following links. How Long Do Reno and Sparks Short Sales Take […]
8 Ways To Speed Up A Short Sale Before Writing An Offer
8 ways to speed up a short sale before writing an offer. In a previous post, view here, we went over how long it takes for a short sale to close in Reno and Sparks. Including days on market and contract to close. Now we are going to give a few tips on how to […]
How long does it take short sales in Reno and Sparks to close?
“Hurry up and wait” is the mantra for short sales. Quickly submit your offer to beat other buyers and then wait on the bank. So how long do you have to wait? (Check back next week to learn how buyers can speed up a short sale.) I took data from the past six months (February-July) […]