Archive for March, 2010

26 Mar

NY Times Reports Foreclosure Aids

March 26, 2010
By DAVID STREITFELD

The Obama administration on Friday announced broad new initiatives to help troubled homeowners, potentially refinancing millions of them into fresh government-backed mortgages with lower payments.
 Another element of the program is meant to temporarily reduce the payments of borrowers who are unemployed. Additionally, the government will encourage lenders to write down the [...]

26 Mar

Community Workshop on Short Sales, etc

Untangling the Truth – Free Community Workshop
Short Sales, Foreclosures and Bankruptcy
Informative workshop on the myths and facts of
Real estate workouts and how to protect your assets and credit
March 31st Wed from 6-7:00 pm
Chase International  775.850.5975
985 Damonte Ranch Parkway Suite 110
mplevel@chaseinternational.com

25 Mar

FALSE ALARM at Bank of America

We were really in an up roar yesterday with the news that the banking universe was changing the laws of gravity.  It was reported that Bank of America was going to implement a new work out program starting in May that would up to allow up to a 30%  reduction of the existing mortgage principal for those people who [...]

19 Mar

Nevada Mediation/Short Sales/Foreclosure or Bankruptcy?

If you have been sitting on the field and wondering when you will be up to bat for your property you might want to attend a hugely informative workshop on March 31st from 6-7:00 pm with a question and answer session afterwards.
This is a free consumer workshop and we will be covering major aspects of [...]

19 Mar

Short Sales New HAFA Rules Coming~

The Home Affordable Foreclosure Alternatives Regulations are going into effect on April 5, 2010 which will change the business of selling your house short the ultimate transactional tool for home owners to date.
What has hampered the short sale alternative in Nevada is the fact that the lenders which reserve the right to pursue for deficiency [...]