RERNLV has a special show in store, as featured in this clip. Harvey and Shelley not only welcome Jon Morgan and Tracy Ruccia from Equity Title of Nevada, but also Forrest Barbee of Berkshire Hathaway HomeServices, Nevada Properties. They hold a panel discussion to talk about HOA liens and HOA foreclosures. As always, be sure to tune in each and EVERY Saturday at 11 AM to RERNLV on AM720 KDWN. Continue Reading
foreclosure
HOAs Are Topics for Jon Morgan and Tracy Ruccia
Jon Morgan and Tracy Ruccia, both from Equity Title of Nevada, join Harvey and Shelley on RERNLV this week. Their topic of focus are HOAs and HOA liens. As always, be sure to tune in each and EVERY Saturday at 11 AM to RERNLV on AM720 KDWN. Continue Reading
Homeowners Bill of Rights
I had the opportunity to hear Robert Noggle, Esq. speak yesterday about the new HOBR legislation. He helped clear up a misconception that was pervasive and being mistakenly sold to the public at large. This misconception is that the banks can't ask for an "Arms Length" affidavit in a short sale. The banks can and likely will continue to require this document. That means that the borrower can't Continue Reading
Where are the homes?
WHERE ARE THE HOMES? The inventory of available homes here in Southern Nevada has been hovering around 4,000 for many months now. Buyers are wondering where all the homes are so they can buy again. The theory is that the "banks" are sitting on a lot of homes and they are going to release them soon. My colleagues and I don't believe the banks will release a lot of Vegas houses here. We don't Continue Reading
How long can I stay in my home?
HOW LONG CAN I STAY IN MY HOME? I'm often asked this question when listing a client's home as a short sale. With all of the changes taking place in the short sale market, it's difficult to have a set answer. The answer these days is less time than it was even a a few months ago. The bank that holds the mortgage wants the seller to stay in the home right up until close of escrow. Once we list a Continue Reading
Las Vegas Real Estate Market Update April 2012
LAS VEGAS REAL ESTATE MARKET UPDATE APRIL 2012 Have you ever heard the saying "If you don't like the weather, wait a minute." Well, that applies to our real estate market too. The most recent development surrounds our current inventory. As of this moment we have 5,474 single family homes available in our entire multiple list. We have 13,113 single family homes in escrow. We have closed 3,195 Continue Reading
Will The New Legislation Put A Freeze on Foreclosures?
WILL THE NEW LEGISLATION PUT A FREEZE ON FORECLOSURES? We have all heard the doom and gloom being espoused about AB284. The legislation in general terms increases the responsibilities of the foreclosing entities. It asks them to provide a sworn affidavit and other elements with the intention of preventing incorrect and illegal foreclosures. The banks pushed back hard against this bill, but to Continue Reading
What Should I Do With A Low Offer On My Short Sale Listing?
WHAT SHOULD I DO WITH A LOW OFFER ON MY SHORT SALE LISTING? Short sales are unique in a lot of ways. One way they aren't unique here in Las Vegas is that the bank holding the lien will want fair market value for the home. The lien holder will recognize that they need to offer some discount for the inconvenience, but that discount is usually in the form of buyer closing costs or a couple of Continue Reading
A Prescription For Life Challenges
A PRESCRIPTION FOR LIFE CHALLENGES More than ever in my life I have been challenged to remain well grounded. This is not intended to be a confession but a declaration of fact about the world that surrounds me. So many of my friends and business acquaintances have expressed that the challenges of family, work and finances are overwhelming. From a macro standpoint, the challenges of our Country and Continue Reading
Full Circle
FULL CIRCLE It was only 16 years ago that I relocated to the Las Vegas area. I feel like a native resident that has experienced a lifetime of changes to their once quaint town. The fluctuations in the real estate market have gone full circle. In 1995 we saw nominal appreciation with reasonable value to entice the newcomer. Just a few years forward in time the frenzy had started with values soaring Continue Reading
