Reno Real Estate Logic

Daily Real Estate News  |  October 29, 2009  |  
 Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.
Home buyers must be [...]

Being buried alive in short sales and trying to dig out of this incredibly complex system of platforms, openers, Phase I negotiators, Phase II negotiators, Phase III negotiators, investors, attorneys and banks is just about the closest a broker can get to an Armageddon in business.
The daily feeds are totally vampire-ick and if one were really able [...]

Since we are facing such a radical market these days it’s good to see that there’s still money running downstream somewhere. Check out the story posted in the Mercury News about the millions being invested to protect our wild lands in the Sierra’s. It looks like someone is thinking ahead of the next buildilng boom.
TRUCKEE — [...]

NAR: Tax Credit Best for Sustaining Recovery
The best available tool for sustaining the still-fragile housing market is the $8,000 home buyer tax credit, and it is essential that Congress extend the credit into 2010, the NATIONAL ASSOCIATION OF REALTORS® testified at a hearing of the U.S. House Small Business Committee today.
The tax credit expires November [...]

Commentary
By Mark Gimein

updated 4:48 a.m. PT, Wed., Oct . 14, 2009 function UpdateTimeStamp(pdt) { var n = document.getElementById(“udtD”); if(pdt != ” && n && window.DateTime) { var dt = new DateTime(); pdt = dt.T2D(pdt); if(dt.GetTZ(pdt)) {n.innerHTML = dt.D2S(pdt,((”.toLowerCase()==’false’)?false:true));} } } UpdateTimeStamp(‘633911176962030000′);
A solid two years into the housing bust, the national foreclosure wave doesn’t [...]

If you are facing what 1 in 4 families are in Nevada, which is imminent foreclosure on their homes, you have a couple of powerful new laws that were launched by our Legislature. The first is the Loan Mediation Modification Assembly Bill 149 which creates a wonderful mandatory meeting with your lender if you request [...]

Thursday, 08 October 2009 07:38

The Nevada Supreme Court has amended the rules governing the Nevada Foreclosure Mediation Program to address some operational issues in the innovative program created by the 2009 Legislature.
The Supreme Court also adopted new forms to facilitate participation in the mediation program.
The amended rules were filed Sept. 28 and effective immediately.  CLICK [...]