homeowner: Homeowners face another foreclosure hurdle - Las Vegas mortgage receivers potentially on the hook - 12/07/09 10:30 PM
Second mortgages are now starting to make their way into the ever-shifting foreclosure battlefield. As the housing market fell famously to pieces and took real estate values down with it, pushing scores of homeowners underwater, first mortgage holders were left holding the bag. That is if they had the only loan … (12 comments)
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homeowner: Las Vegas mortgage borrowers in distress to gain from Operation Stolen Hope - 11/27/09 01:26 PM
When the Southern Nevada - including Southern Highlands, Summerlin, Henderson, North Las Vegas, Anthem, Mountains Edge and Green Valley - housing market tripped into a free fall it was a foregone conclusion on many lips that scam artists would soon surface to try take advantage of the situation. And have they … (4 comments)
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homeowner: Expanded tax credit enticing - Henderson mortgage applicants be advised - 11/20/09 12:05 AM
The drama is over for Las Vegas valley's - including Summerlin, Southern Highlands, Green Valley, North Las Vegas, Anthem and Mountain's Edge - residents. The first-time home buyer tax credit has been extended because many considered it a strong demand booster for the ailing housing market and more of the same … (2 comments)
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homeowner: Mortgage lender "walkaways" the latest scheme - Las Vegas mortgage borrowers take note - 11/12/09 10:59 PM
The real estate meltdown that continues to churn on has already seen some vein-popping scenarios concocted by many mortgage banks seeking to take advantage of homeowners facing foreclosure. And new ones keep surfacing. One of the latest creations could be called a home loan provider "walkaway", because that's what it really … (6 comments)
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homeowner: Las Vegas mortgage defaults increasingly strategic - mortgage walkaways rise among wealthy - 11/03/09 05:12 PM
The real estate market has been cruel, to be perfectly honest, to homeowners across the country. Housing values in many cities and regions have dropped so far and fast that it's sometimes hard to keep track of it all. Much less understand how the utter devastation is possible. But that is … (8 comments)
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homeowner: Las Vegas short sales can sting homeowners later on - 10/15/09 04:02 PM
Mortgage banks have been pushed between the rock and the hard place in today's reeling real estate market. They are trying to make the right moves to keep their bleeding books from totally blowing up during this perfect storm as more and more home loans go bad. To deal with that, … (8 comments)
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homeowner: Las Vegas real estate numbers show small improvements in September - 10/10/09 06:36 PM
Southern Nevada - accommodating communities like Anthem, Summerlin, Henderson, Mountains Edge, North Las Vegas, Southern Highlands and Pahrump - resale housing segment took a cautious step forward in September, after going the other way in August. A curious trend might be developing, actually so predicted by some industry experts, where the … (6 comments)
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homeowner: Mortgage lenders now more inclined to lower principal - 10/03/09 06:47 PM
The home loan industry has been steadily resisting giving homeowners any principal reduction breaks throughout this real estate inferno.The government has been all over it to do mortgage modifications at a reasonable clip in an effort to keep the foreclosure epidemic from getting out of control. The banks have been slow … (62 comments)
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homeowner: Housing may not pull the economy out of the fire this time - 09/01/09 04:05 PM
Residential real estate plays a large role in U.S. economy. Recessions are an inevitable experience in a market economy like ours. They come and go. Historically housing has been the engine that has usually generated the necessary momentum to pull the country back onto a path of solid growth. This time, … (6 comments)
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homeowner: FICO score can take a hit following Home Affordable Modification Program - 07/17/09 07:16 PM
This outcome hasn't been discussed much before but now it's out there for everyone to see. Namely that if a homeowner in distress is successful in using the Home Affordable Modification Program, kicked off in March, to lower his mortgage payments, his FICO score is likely to take a hit. FICO … (20 comments)
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homeowner: Housing demand poised to return on account of echo boomers - 06/23/09 11:51 PM
Even though it looks like the slumping real estate market is showing some signs of improvement, like here in Las Vegas bank REOs in the lower half of the marketplace are selling briskly, there remain steep hurdles to overcome before it can be declared healthy again. Mortgage funding is hard to … (8 comments)
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homeowner: Las Vegas near the top for most undervalued housing markets - 06/04/09 09:56 PM
Let's go right to it. In the 10 Most Undervalued cities Las Vegas placed third, according to IHS Global Insight. The firm put the report together by analyzing household incomes, historical prices and housing densities and then arrived at statistically normal home prices which were subsequently weighed against actual values of … (4 comments)
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homeowner: Washington serves up a short sale initiative - 05/15/09 05:38 PM
The Obama administration came up with a new plan that is aimed at trying to breathe some more life into the morbid real estate market. It still needs quite a bit of help from wherever it can get it. This time the focus is on short sales, and why not. Anyone … (8 comments)
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homeowner: Short sale can bite the borrower later on - 05/05/09 03:57 PM
They have become one way out of an untenable jam for many homeowners who can't make their mortgage payments in this tough real estate market. In a short sale a lender will allow the homeowner to sell the property for less than what the loan balance is. It often means the … (8 comments)
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homeowner: Jumbo mortgage making a meaningful comeback - 04/01/09 04:16 PM
The current home loan landscape has been largely very unkind to those who were out to purchase a house using a jumbo vehicle or to homeowners who wanted to refinance an expensive property. In simple terms, when the loan amount goes above the Fannie Mae and Freddie Mac conforming limit it … (4 comments)
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homeowner: New mortgage guidelines coming into focus - 03/17/09 12:12 AM
On the heels of the latest stimulus package, or whatever it was called this time, Fannie Mae and Freddie Mac have provided the home loan industry more details about their new requirements. Some of the guidelines are actually more borrower-friendly than what was initially believed. Eligible homeowners must have a mortgage … (10 comments)
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homeowner: Mortgage foreclosure relief program, the latest of many, offers more options - 03/03/09 10:38 PM
Let's try something different. Many home loan initiatives crafted to assist homeowners in distress have been introduced over the past year or two with great fanfare and thus far none of them have done much good. Now the Obama administration will try its hand at it. Its version will be officially unveiled … (4 comments)
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homeowner: Las Vegas headline prompts a second look - 02/14/09 08:14 PM
Can it be true? In this reeling housing market that makes mortgage approvals a major mental and physical exercise and closed real estate transactions an endurance test it was hard to believe what the Review-Journal headline actually said. But there it was, loud and clear. "Foreclosures in Las Vegas drop in … (4 comments)
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homeowner: Zillow study reveals a more realistic homeowner - 02/12/09 09:15 PM
It has been long time coming. The present housing and mortgage convulsion has been tough on everybody, spare none. Mortgage borrowers find it hard to get approved, thanks to ever-tightening underwriting guidelines. Tenants living in rental homes are being evicted when the landlord gets foreclosed on. The most drama, though, has … (8 comments)
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homeowner: Southern Nevada existing home sales still strong in January - 02/10/09 05:58 PM
The same pattern keeps more or less repeating itself when it comes to monthly Las Vegas real estate numbers. In essence, there are some good news and then some less than good news. One way of putting is that the market is simply trying to find its bearings.
As usual, GLVAR, … (6 comments)
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