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Tag Archives: Foreclosure

North Las Vegas Demolishing Abandoned Homes

North Las Vegas City officials are bulldozing abandoned homes that have become targets for criminal activity and squatters.  This is a practice that has become popular in the Rust Belt and officials felt is a necessary step to take in order to eliminate the ugly eyesores of these vacant houses. Asbestos removal and demolition began […]

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 […]

More Good News For Nevada Foreclosure Rates

National foreclosure tracker recently released their first quarter report that indicates foreclosures have been edging up nationwide since April 2012, with 26 states posting increases in foreclosure activity. The good news is, Nevada isn’t one of these 26 state. We were one of the 24 that actually experienced decreasing foreclosure activity. In fact, we […]

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 […]

Foreclosures on Rise Nationally by Andy Karpf

The number of homes that received first time foreclosures notices rose 7% nationally in March, setting the stage for a surge in the properties being repossessed by lenders this year.  This represents the third straight month increase this year and reflects a stepped-up effort by banks to take action against homeowners who fail to keep […]