Dialing back 10 years, many homeowners locked in a LOW Mortgage Rate. In 2010, the average rate was only 4.09%. This motivated homeowners to stay in their houses longer than usual to keep their rate low, rather than moving. Last Thursday, however, average mortgage Continue Reading
I had the opportunity to hear Robert Noggle, Esq. speak yesterday about the new HOBR legislation. He helped clear up a misconception that was pervasive and being mistakenly sold to the public at large. This misconception is that the banks can't ask for an "Arms Length" Continue Reading
WHERE ARE THE HOMES? The inventory of available homes here in Southern Nevada has been hovering around 4,000 for many months now. Buyers are wondering where all the homes are so they can buy again. The theory is that the "banks" are sitting on a lot of homes and they are Continue Reading
HOW LONG CAN I STAY IN MY HOME? I'm often asked this question when listing a client's home as a short sale. With all of the changes taking place in the short sale market, it's difficult to have a set answer. The answer these days is less time than it was even a a few Continue Reading
ARE APPRAISERS HELPING INVESTORS? I know that I tend to beat up appraisers so let me preface this post by saying that I know some very fine and professional appraisers that don't deserve my comments. That being said, I need to relay a story that happens all too often. An Continue Reading
WILL THE NEW LEGISLATION PUT A FREEZE ON FORECLOSURES? We have all heard the doom and gloom being espoused about AB284. The legislation in general terms increases the responsibilities of the foreclosing entities. It asks them to provide a sworn affidavit and other elements Continue Reading
