Monthly Archives: January 2010

Lenders Pursue Mortgage Payoffs Long After Homeowners Default

DEFICIENCY JUDGMENTS ARE THE MAIN ISSUE IN SHORT SALES Jan. 28 (Bloomberg) — When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his mortgage contract, he said. Last … Continue reading

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Vacant Home Problems Spur Lawsuit in Nevada

PREVIOUS OWNERS CAN BE HELD LIABLE FOR VACANT PROPERTY PROBLEMSDepending on who is doing the talking, investors buying foreclosed homes in the Las Vegas area are either being gouged by greedy homeowners associations or are contributing to neighborhood decay by … Continue reading

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Short Sale Back to Back Closings Now Easier

HUD WAIVES ITS TITLE SEASONING REQUIREMENTS The FHA recently rescinded its 90 day anti-flipping rule for a year. This will allow FHA buyers to purchase properties that have recently been purchased by investors, helping with title seasoning requirements Hud Waiver … Continue reading

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Strawman and the Short Sale

SHORT SELLING TO A RELATIVE MAY BE FRAUD Agents, brokers, sellers and buyers should be aware of the “Arms Length Transaction” affidavit that many lenders/investors are now requiring all parties to sign. This specific language could be included in the … Continue reading

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Predatory Lending CLE Seminar by James Stout, Esq. and Professor David Hannuksela, CPA, CFE, UNLV

Predatory Lending Seminar for two CLE credits at Clark County Bar Association. February 26, 2010 at 1:00 p.m. Predatory Lending CLE

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Las Vegas Law Firm Short Sale Services For Real Estate Agents and Homeowners

We offer our services to homeowners who are attempting short sales through a real estate agent. We allow the agent to focus on selling the property. We work hard to assure the short sale is sucessfully completed. Our goal is … Continue reading

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Lease Your House to Us Before You Walk Away

WE PAY $1,500 CASH FOR YOUR KEYSIf you are a homeowner (or know one) and are considering walking away from your home consider leasing it to us first. We are interested in renting out houses or condominiums from homeowners who … Continue reading

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A Responsible Homeowner Will Rent Out Her House and Then Walk Away

RENTERS CAN SAVE LAS VEGAS NEIGHBORHOODS Vacant homes, with overgrown lawns and trash in the yard, are not just an eyesore but a legitimate concern for neighbors because they lure in criminal behavior. Vandals break into vacant houses to steal … Continue reading

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Paying Off the Second Loan On a Short Sale Should Not be Off-HUD

IT IS OK TO PAY, JUST MAKE SURE IT IS DISCLOSEDIn order for a short sale with two loans to happen, the second lien holder has to drop the lien. If they don’t, and there’s no short sale, the home … Continue reading

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Leasing Out Your Home During The Short Sale Negotiation is a Risk

Leasing out your home to a renter during the short sale negotiation process is fraught with risks for the homeowner, lender and renter. The homeowner and renter risk the lease agreement being declared void by a judge. The lender risks … Continue reading

Posted in Foreclosures Short Sales Mortgage Litigation, Uncategorized | Tagged | 11 Comments