Reno Real Estate Logic

 By Joby WarrickWashington Post Staff Writer
Thursday, February 26, 2009; Page A04
The daily White House intelligence report that catalogs the top security threats to the nation has a grim new addition, reflecting the realities of the age: a daily update on the global financial crisis and its cascading effects on the stability of countries through the [...]

I thought that this was a great piece of news that just got to Reno via New York back in December. Just for something interesting instead of something stressful. Read on.
“To test the professional astuteness of the New York City Property Ownership Offices, a reporter from the Daily News walked out of the city’s register [...]

On February 18, 2009, President Obama announced his Homeowner Affordability and Stability Plan designed to help 7 to 9 million families avoid foreclosure by refinancing or modifying their mortgages. The plan also strengthens the federal commitment to Fannie Mae and Freddie Mac (the government sponsored enterprises, or GSEs). Here are the key elements of the [...]

  Forgive me msnbc for posting without permission your most note worthy internet commentary…
MSNBC.com

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Homeowners demand lenders produce original documents — some can’t
The Associated Press
updated 12:59 p.m. PT, Tues., Feb. 17, 2009
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The biggest news over the weekend had not to be the approval of the $787 Billion Dollar Bailout but the White House declaring a war on foreclosures asking for co-operation between the corporate giants of banking and the government bank of Fannie Mae and Freddie Mac.
President Obama is requesting a halt on foreclosures until March [...]

The Nevada Legislature is trying to cobble a new bill in the Assembly to fight the onset of foreclosures. The focus of this bill is to force the banks to do work outs or more commonly know as loan modifications so people are not forced into foreclosures.
Assembly Speaker Barbara Buckley, D-Las Vegas is the primary [...]

  Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run the Ranch. The failed miserably and this famous brothel closed it’s doors.Now we are trusting the entire United States economy and our banking system to the same guys who couldn’t make [...]

What appears to be a bail out is becoming more of a nationalization of the banking system. New recommendations are surfacing on a daily basis to shore up the US economy and quickly. Many of the economic oracles of our time have made the stand that until the housing crisis stabilizes, we will continue to [...]