Fernley, Nevada Real Estate October 2009 - 11/17/09 09:52 PM
 Fernley has shrugged off the  high "distressed Property" designation  title by the lending industry and just continues to churn out sales.
Majority of the buyers are First Time Buyers and they are getting the deals and the $8000 tax credit.
October's numbers are still keeping pace with the past 7 months:
Total sales of residential homes in Fernley are 60 for the month of October. 
The golf course had 5 sales:
Two bank owned both sold for $143,000, 3 short sales sold for $120,000,  $143,000 and $132,500
The rest of Fernley had 55 sales:
30 bank owned with an average price of … (0 comments)

Fannie Mae Introduces Deed for Lease Program - 11/17/09 12:38 PM

On November 5, 2009, Fannie Mae introduced a new program designed to minimize family displacement, deterioration of neighborhoods caused by vandalism and theft to vacant homes, and the effect these have on families, communities and home price stabilization.
Called "Deed-for-Lease" (D4L) allows qualifying borrowers of properties transferred through deed-in-lieu (DIL) of foreclosure to remain in their home and community by executing a lease of up to 12 months in conjunction with a DIL.  Investment properties that are tenant-occupied may also be considered as long as the borrower is cooperative in providing information from the tenant to facilitate the D4L.
For … (2 comments)

Fernley, Nevada Why Do Homebuyers Choose To Live Here? - 11/04/09 11:15 PM
 

Located 32 miles east of Reno on Interstate 80, where 80 meets U.S. Highway 50 and U.S. Alternate 95. Our population is approximately 18,000 and the landscape is mostly desert with the mountains as a backdrop.
The town was established in the early 1900's,  we incorporated and became a city in 2001.  Since then, a lot of changes have come our way, but we still remain the family oriented small town that drew most of its current residents.
We have bright blue skies almost year-round, 4 seasons and mild winters.  An abundance of recreational opportunities and in close proximity are Pyramid Lake and Lake Lahontan … (0 comments)

Sparks, Nevada and Fernley, Nevada Up-To-The-Minute Real Estate Information. - 11/03/09 11:56 AM
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Northern Nevada, The Truckee River and Fall - 11/01/09 10:13 PM

 
My favorite time of the year......driving between Fernley and Reno/Sparks the Truckee River follows I-80. When Fall arrives, you can't help but look at the trees turning colors for the 38 +/- miles. 
Today was such a wonderful day.  It was Sunday, the First day of November and a balmy 70 degrees.  I grabbed both of my cameras and told my husband I would be gone for about 2 hours.
Trying to get down the river is challenging.  Almost all of the scenic spots are private roads leading to private homes.  The best I could do was pull off by the … (4 comments)

 

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