Monthly Archives: December 2009

IS IT WORTH THE GAMBLE?Lenders should approve short sales rather than run the risk of a huge loss from a foreclosure sale. In a logical world, a lender should approve a short sale and waive the deficiency judgment, if the … Continue reading →

LOAN MODIFICATIONS HAVE FOUND THEIR PLACE Our prior article here made the case that principal reductions, primarily through short sales, will end the Las Vegas Real Estate crises. Loan modifications, however, will play an integral role throughout 2010 as a … Continue reading →

WHAT A LONG STRANGE YEAR ITS BEENIn the Spring of 2008, Las Vegas homeowners stopped paying their mortgage, and filed predatory lending lawsuits against their lenders alleging mortgage fraud including RESPA and TILA violations. Hundreds of those cases were filed … Continue reading →

BANK OF AMERICA STARTS TO HELP THOSE IN NEEDIn Las Vegas and Reno, residential short sales are finally getting done, at a growing rate. The main issue in dealing with a short sale is getting the deficiency judgment waived. Several … Continue reading →

“IT’S JUST A BETTER LIFE. IT REALLY IS.”PALMDALE, Calif. — Schoolteacher Shana Richey misses the playroom she decorated with Glamour Girl decals for her daughters. Fireman Jay Fernandez misses the custom putting green he installed in his backyard. But ever … Continue reading →

The Nevada Supreme Court is swearing in 75 more mediators to the Nevada Foreclosure Mediation Program. The new group brings to 170 the number of attorneys, hearing officers and senior judges available to help homeowners and lenders reach middle ground … Continue reading →

JUDGE KENT DAWSON ORDERS THEM TO PRODUCE THE NOTE AGAIN An article in the Las Vegas Review Journal reports that Judge Kent Dawson has added another ruling to a long long list of isolated bankruptcy lower court rulings throught the … Continue reading →

YOU GOT TO KNOW WHEN TO HOLD’EM, KNOW WHEN TO FOLD’EM, KNOW WHEN TO WALK AWAY, KNOW WHEN TO RUN.RUMSON, NJ–(Marketwire – December 7, 2009) – Over the past year, four major studies have presented evidence suggesting that the vast … Continue reading →