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Monthly Archives: October 2010
Property Prices in Las Vegas Fell Yet Again
October 28, 2010: The storm clouds have been gathering for months. Almost immediately after the expiration of the government’s tax credit for homebuyers, it became clear that American housing market stability had been remarkably dependent on the generous subsidy. Data … Continue reading
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Foreclosure Mess is More of the Same
THE JAWS OF FORECLOSURE ARE HARD TO STOP October 24, 2010: Bank of America and GMAC are firing up their formidable foreclosure machines again today, after a brief pause. Thousands of homeowners have turned to short sales to avoid foreclosures, … Continue reading
“Foreclosuregate” risks becoming a quagmire
LAS VEGAS, AS A CITY, WINDS DOWN OVER THE NEXT TEN YEARS OCTOBER 21, 2010: Vegas may be a very dry place but nowhere else in the country are more homeowners “under water”, owing more on their mortgages than their … Continue reading
On Again Off Again Foreclosures, On Again
THE FORECLOSURE CRISES WILL NEVER END October 18, 2010: Bank of America reviewed foreclosures in the 23 states where a court must sign off on the proceedings, and it is now restarting the process on 102,000 cases, the company said … Continue reading
For nearly four years, Nevada has posted the nation’s highest foreclosure rate.
October 14, 2010: In the third quarter, one in 29 homes in Nevada received a foreclosure filing, a 1% increase from the previous quarter but down 20% from a year ago. “Lenders foreclosed on a record number of properties in … Continue reading
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Lenders Respond to Foreclosure Freeze by Waiving Short Sale Deficiency Judgments
WHICH AFFIDAVITS ARE FAKE AND WHICH ARE NOT? Within less than a week since the announcement of the famous foreclosure freeze, we have realized a sudden uptick in lenders agreeing to waive their right to pursue a deficiency judgment for … Continue reading
Foreclosure Crises Spins Out of Control
THE END IS NOT NEAR October 12, 2010: Politicans take another wack at the housing market and chaos ensues. According to the Washington Post, a breakdown in the nation’s foreclosure process threatens to create billions of dollars in losses for … Continue reading
Foreclosure Fraud For Dummies
October 12, 2010: The current wave of foreclosure fraud and the consequences for the economy are difficult to follow. Here is a flow chart that explains what is currently going on with foreclosure fraud. As you can see, in judicial … Continue reading
Letter to Judge Mosley Re: Foreclosure Mediation
October 12, 2010: Here is a letter to Judge Mosley published by the Las Vegas Sun Letter to Judge Mosley.
Nevada Attorney General Requests Foreclosure Freeze on All Nevada Homes
A REQUEST UNLIKELY TO BE GRANTED October 11, 2010: Nevada Attorney General Catherine Cortez Masto has asked banks and lenders to place a moratorium on foreclosures in her state temporarily in light of the robo-signing controversy. The AG’s office said … Continue reading
