How exactly will your short sale or foreclosure effect your credit and your ability to purchase a home in the future? Certainly, with prices and interest rates at all time lows, it would be nice to offset any losses you have experienced by taking advantage of our unique market. If you have a foreclosure in ... [Continue Reading]
There was an article in today’s Review Journal about new home sales or, rather, the lack of them. It posited many reasons for this which you can read if you like – here’s a link to the article: www.lvrj.com/business/las-vegas-new-home-sales-report-gloomy-139796203.html One argument the article does not make is that houses are selling for less than replacement ... [Continue Reading]
The federal Home Affordable Refinance Program, also known as HARP, has been around since 2009. It was designed to help homeowners who are underwater on their home mortgages to refinance if their mortgages were backed by Fannie Mae or Freddie Mac. However, the new loans could only be 125 percent or less than the current ... [Continue Reading]
Bank of America has done it again. A family in Yorba Linda, CA, who had lived in their home for 18 years, but had fallen victim to the current economic times, became unable to pay their mortgage payments. Since their economic situation did not improve and they were unable to reach an agreement with Bank ... [Continue Reading]
As we start another year, I’ve been thinking about the decisions so many of us must make about our futures. Should we move to find more opportunity even if our hearts remain in the place we live? Should we stay in our homes even if they will never be worth what we owe on it? ... [Continue Reading]
Here are some of the holiday events we may enjoy in our valley. 11/16-1/1/12 18th Annual Holiday Cactus Garden: Ethel M’s Botanical Cactus Garden, 2 Cactus Garden Dr. Visitors are invited to wander the garden’s illuminated pathways, while taking in the sights, smells and sounds of the holiday season from 5pm-10pm, seven dasy a week, ... [Continue Reading]
Recently I completed a closing on a short sale which had a long, tangled history. This particular short sale makes an interesting, if cautionary, tale. Over two years ago, in September of 2009, I listed a house as a short sale from someone who had relocated. The house was vacant but in nice condition, located ... [Continue Reading]
The president was in Las Vegas this week and announced some changes to the Home Affordable Refinance Program, HARP. This program was established in 2009 to allow homeowners to refinance their mortgages at lower rates. Originally, the program was limited to homeowners whose house values were less than 25 percent below what was owed on ... [Continue Reading]
MSN Money ran a recent article listing the states that spend the most money at candy shops (such as See’s) and guess who finished first? If you guessed Nevada, you’d be absolutely right! Folks with a sweet tooth can find plenty of places in the Las Vegas area to satisfy their desires. Many of the ... [Continue Reading]
Over the weekend I attended a birthday party. In talking with one of the guests, I learned that a year ago, her lender, Chase, had sent them, entirely unsolicited, an offer to modify her loan from an interest only loan to a 30 year fixed rate at 5 percent AND to reduce the principal amount ... [Continue Reading]
