Category Archives: Short Sales


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 […]




Post Short Sale Loans

An article written by the current president of the Greater Las Vegas Association of Realtors, Heidi Kasama, was published in the Las Vegas Review-Journal on Sunday.  The column, titled On the House, is a question and answer format with the current president of GLVAR answering questions submitted by members of the public.  This article, titled […]




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from Washington, D.C. and one of the topics he discussed was the status of the extension of the Mortgage Relief Act, originally enacted in 2007 by President Bush, and extended twice since, which expired […]





Banks Unfairly Foreclosed On Homeowners

This past week saw several news agencies reporting that as a result of a review of mortgages, several big banks have uncovered hundreds of cases of improperly foreclosed loans. Over 700 active military members lost their homes due to the improper handling of their delinquent loans. According to the Servicemembers Civil Relief Act, lenders cannot […]