Category Archives: Foreclosures/Short Sales



Lease to Own Options

In our efforts to continue helping sellers who think they can’t sell and buyers who think they can’t buy, we have a new option for buyers and renters who are not currently able to qualify for a new mortgage.  If you cannot qualify for a loan because you have a low credit score or are […]




Real Estate Is Looking Up For 2015

Last month I blogged about 5 Predictions For The US Housing Market in 2015, which painted a rosy picture for this year. I just read a fascinating blog entry by Sam Khater, Deputy Chief Economist for real estate data collection giant, CoreLogic. Khater points out that real estate has returned to a level where “normal” […]



MORTGAGE FORGIVENESS DEBT RELIEF ACT UPDATE

As we have reported before, Congress has yet to renew the Homeowners Relief Act which provided a tax break on mortgage forgiveness obtained through short sale, foreclosure, or principal reduction.  It now appears that Congress will extend the Act after the November elections, making it retroactive for all of 2014.  However, it is unclear if […]




Delinquency Rates and Foreclosures Down

Nevada ranks second in 90 day plus delinquency rates and 8th in terms of loans in foreclosure. The Mortgage Bankers Association released their first quarter national survey of mortgage delinquency data.  From a national perspective, mortgage delinquencies and foreclosures declined during the latest reporting period.  New Jersey reported the highest rate of foreclosure starts and loans […]




Legislative Update On Mortgage Relief Act

Recently my broker invited the lobbyist for the Nevada Association of Realtors to speak at our office.  He had just returned from Washington, D.C. and one of the topics he discussed was the status of the extension of the Mortgage Relief Act, originally enacted in 2007 by President Bush, and extended twice since, which expired […]