Home Prices Jump Up in April
Although the number of sales dipped, foreclosures represented just 8% of all April home sales, down from 20% just two years ago. Get alerted any time new stories match your search criteria.
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ByadminIn order to help deal with the problem of non-performing loans, the Transfer and Mortgage of Properties Law was amended in 2014 to speed up and streamline the foreclosure process. The amending law introduced an additional procedure under Section VIA which, in contrast to the one already provided by Section VI, allows for a direct…
State-Level Lending Law Changes; Exec’s Letter to LOs on Locks/Extensions
ByadminIf you are a residential lender doing business in Nevada, would you ever lend on a condo or residence that has a Home Owner's Association? Good luck. As has been noted in this commentary before, it is problematic. Foreclosure News
Phuwadol Thamathitikhun Desiree Thamathitikhun v. Bank of America New …
ByadminPHUWADOL THAMATHITIKHUN; DESIREE THAMATHITIKHUN, Plaintiffs – Appellants v. BANK OF AMERICA, N.A.; NEW PENN FINANCIAL, L.L.C.; BANK OF NEW YORKMELLON, Formerly Known As The Bank of New York, as Trustee for Certificateholders CWALT Inc.Alternative Loan Trust 2005-73CB, Mortgage Pass-Through Certificates, Series 2005-73CB, Defendants – Appellees The plaintiffs defaulted on their mortgage payments, and the mortgage…
HOA Super-Priority Lien Law Preempted by Federal Statute
ByadminGiven the significant role Fannie Mae and Freddie Mac have in the national housing market, it is unsurprising that both have become embroiled in the Nevada HOA super-priority lien litigation. Since July 2008 well before the Nevada Supreme Court held that an HOA's foreclosure on its super-priority lien could extinguish a first deed of trust…
Arizona, Phoenix foreclosure and delinquency rates are below national averages
ByadminForeclosure rates in Arizona are down, and for both the state and its major metro areas remain lower than the national average. Foreclosure News
The Reno/Sparks Association of REALTORS Honors Paul Crooks With Spotlight of Excellence Award
ByadminThe Reno/Sparks Association of REALTORS has named REALTOR and RSAR member, Paul Crooks, recipient of the Spotlight of Excellence Award. Foreclosure News