Reno, NV, September 2, 2010: Nevada has been making the headlines lately if you are reading the statistics on employment, housing market and general gloom about the poor economy in the state. Local state election races are pointing fingers on either side of the political spectrum to identify who’s responsible for the current state dilemma. [...]
Tuesday, August 3, 2010
If you are struggling making your mortgage payments you need to seek help as early as possible to avoid foreclosure. Fannie Mae, an insurer of home loans, has released a new interactive tool online to help you determine what your options are. KnowYourOptions.com The website is designed to be a virtual one-stop-shop for anyone facing [...]
Saturday, July 24, 2010
The National Association of REALTORS released some updated infomation on the affects of short sale, foreclosure, bankruptcy and deed-in-lieu of foreclosure on FICO scores and the ability to purchase another home. Short Sale (Deed-inlieu of Foreclosure Guidelines are similar) – According to the report the affect on your FICO score from short sale depends on [...]
Monday, November 2, 2009
A good article for the Wall Street Journal. Digging yourself out of a mortgage mess.
Friday, October 16, 2009
An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction (also known as a Trustee’s Sale). Trustee Sales (often an auctions held on the courthouse steps) begin with a minimum bid that includes the loan balance, any accrued interest, plus attorney’s fees and any costs [...]
Thursday, September 3, 2009
Dan Rider, an Owner/Broker of Dickson Realty, talks about Freddie Mac properties and the Homesteps program in the first part of our Freddie Mac series. Watch the video and learn what Freddie Mac and Homesteps is all about.
Monday, July 6, 2009
It is true that both foreclosure and short sales have serious consequences for homeowners faced with the inability to pay thier mortgages. The following are some of the ways homeowners are affected showing the difference between foreclosure and short sale. (Source: Distressed Property Institute) PURCHASING A HOME IN THE FUTURE… Fannie Mae Insured Loans for Primary [...]
Thursday, June 18, 2009
Many homeowners in the Reno-Sparks area are facing issues with mortgage delinquency and possibly foreclosure. This can be a very stressful time and knowing the process and where to go for help can be very beneficial. As a member of the Nevada Association of REALTORS Foreclosure Prevention Task Force, I have come across a very [...]
Tuesday, May 5, 2009
Many borrowers are under the assumption that their responsibility for a mortgage ends with a short sale or foreclosure. This is not always the case. In a short sale the mortgage holders are increasingly requiring borrowers to sign a promissory note, a written promise to pay back all or a portion of the debt, as [...]
Friday, April 24, 2009
On Saturday, April 25th, the City of Reno, in partnership with Consumer Credit Affiliates of Northern Nevada (a federally funded not for profit) will be hosting two workshops. The first workshop will start at 9am and will aim to assist households at-risk of experiencing foreclosures. After the hour long workshop, it will be followed with an informational [...]
Thursday, September 2, 2010
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