reno: Commercial Statistics: High vacancy rates in Reno/Sparks equals declining values - 09/26/10 02:41 PM
It’s impossible to drive around town without noticing the increasing number for lease signs going up on commercial office space. Over the last 3 years, office vacancies have gone up and avg. of 22%. One of the biggest factors affecting the value of commercial office space is the revenue they produce. These high vacancy rates have forced landlords to compete for the shrinking number of available tenants. In some parts of town, it is now possible to find office space leasing for as little as $1.15/ft. As a result, we have seen building values decline as much as 50% in some … (2 comments)

reno: Foreclosure Timelines in Nevada - 07/30/10 07:41 AM
A foreclosure is a legal process whereby a lender takes back real property after a borrower has failed to make loan payments. Nevada allows for two different types of foreclosures, judicial foreclosure and non-judicial foreclosure. Each type of foreclosure has different timelines.
However, because non-judicial foreclosures are the most common form of foreclosure in Nevada, the timelines outlined in the link below will refer to those in a non-judicial foreclosure.
Foreclosure Timelines in Nevada
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com
Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 … (0 comments)

reno: Home Retention and Foreclosure alternative Scams - 05/26/10 06:18 PM
Scammers and con-artists tend to make a living by taking advantage of people who are vulnerable. So it’s no surprise that with the number of people facing foreclosure, that we are seeing more and more scams that promise to rescue you from foreclosure.
Now this doesn’t mean that every person or company that offers to help you avoid foreclosure is running a scam, because there are many legitimate consumer financial counseling agencies out there that can help you work with your lender. You just have to be carful when trying to distinguish between the two. If someone offers to help negotiate … (2 comments)

reno: What fees can and cannot be paid by a VA borrower. - 04/06/10 08:07 AM
I’ve spoken with many agents in regards to working with veterans who are using their VA loan benefits. I’ve been surprised to learn that unless they work exclusively or at least dedicate a large portion of their business to working with veterans, many agents are not very familiar with VA loans, and what fees their clients can and cannot pay for. When helping a veteran purchase a home using their VA loan benefits, it is helpful to know before hand which fees they can and cannot pay in a purchase transaction.
Here is a list of those fees: VA FeesShould you have … (0 comments)

reno: Nevada: The Foreclosure Mediation Program - 03/25/10 10:38 AM
If you are facing foreclosure on your home in Nevada and a notice of default has been filed on your home, you may be able to get help through The Foreclosure Mediation Program (FMP).
The Foreclosure Mediation Program was established as a result of Assembly Bill 149. The program is a process where a neutral third party (the mediator), the homeowner(s) and Lender attempt to negotiate an alternative to foreclosure. The program is only available on homes that are owner-occupied. However, if you do elect to participate in the mediation program, participation by your lender is mandatory.
For more on this program and … (0 comments)

reno: Will fining lenders help with Modifications? - 02/21/10 05:04 PM
On December 1, 2009, the Treasury announced that is was going to begin fining services that fail to permanently modify as many mortgages as the government thinks they should be.
Servicers failing to meet performance obligation under the Servicer Participation Agreement will be subject to consequences which could include monetary penalties and sanctions.
When a mortgage is modified, it must first go through a trial phase. The problem however is that in many cases these modifications were not made permanent.
See: Loan Modification Fines for the complete details.
Should you have any questions or need further information,
please don't hesitate to contact me, (775) … (7 comments)

reno: Assembly Bill No. 471 changes who may be awarded a deficiency judgment in Nevada. - 02/17/10 05:46 PM
In the state of Nevada, it has been possible for a borrower to receive a deficiency judgment even after they’ve already lost their home to foreclosure. Effective October 1, 2009 Assembly Bill No. 471 addressed this issue by limiting who may be awarded a deficiency judgment relating to real property. Below are a few portions of the Assembly Bill that I believe are of importance,
See: AB471
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 … (0 comments)

reno: Treasury sets guidelines on “Short Sales” - 02/17/10 07:59 AM
On Monday November 30, 2009, the U.S. Treasure set guidelines on a plan for mortgage companies to speed up “Short Sales” and other loan modification alternatives. These new guidelines will become effective on April 5, 2010
New Short Sale Guidelines
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
(0 comments)

reno: Do you have errors on your Credit Report? - 01/20/10 06:03 AM
According to an article posted by The Sacramento Bee, in a survey of 197 people, 49 of them were kept from getting a home, bank account or job due to mistakes on their credit report.
See the complete blog post: Credit Errors
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
(0 comments)

reno: A Summary of Your Rights under the Fair Credit Reporting Act - 01/17/10 01:55 PM
The Federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies.
Here is a summary of your major rights under the FCRA: Fair Credit Reporting Act
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
(0 comments)

reno: Understanding Your Credit - 01/17/10 12:58 PM
What is credit? How do I get credit? How can I improve my credit rating?
These are a few simple questions, yet when asked the majority of people simply don’t know the answers. Although I don’t believe I’ve ever met anyone who could truly say they were an expert in understanding credit, in a world where credit determines many aspects of our way of life it’s important that we know and understand what our credit is and how we can maintain and improve it.
Complete Post: Understanding Your Credit
Should you have any questions or need further information,
please don't hesitate to contact me, … (2 comments)

reno: Department of Defense – Homeowners’ Assistance Program - 01/17/10 07:00 AM
The Homeowners’ Assistance Program (HAP) provides some monetary relief to eligible service members (including Coast Guard) and federal employees (including non-appropriated fund) Homeowners who suffer a financial loss on the sale of their primary residence as a result of a decline in their real estate market as a result of a base closure or realignment announcement.
The Homeowners Assistance Program
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) … (0 comments)

reno: 5 Year Option ARMs About to Reset - 01/07/10 07:43 AM
We have been seeing a drastic decline in foreclosures across the country, many markets show signs of stabilization, and it is beginning to look like the end of our current housing crisis is in sight. However there is small group of mortgage products that may have been overlooked, the Option Adjustable-Rate Mortgages (ARMs) with five-year resets.
5 Year Option ARMs
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) … (0 comments)

reno: Nevada Rural Housing Authority: Home at Last Program (tax credit) - 01/03/10 10:12 AM
The Home at Last Program Is a Mortgage Credit Certificate (MCC) program that provides a dollar-for-dollar federal income tax credit equal to 20% (for loans over $190,000) or 30% (for loans under $190,000) of the interest paid on a mortgage loan. This credit is given to the homebuyer every year as long as they live in the home. This tax credit will provide an estimated annual savings of $2,000 a year per household.
(Program not to be mistaken with the federal first-time buyer tax credit)
In order to qualify for the program, you must meet the following: Home at Last
Should you have any … (1 comments)

reno: Equal Opportunity in Housing: Common Sense? - 12/30/09 09:40 AM
In the age we live, you would expect the in the idea of providing equal opportunity in Real Estate to all people regardless of race, color, religion, sex, handicap, familial status, national origin, etc. would be common sense. However, on more then one occasion I have been asked by potential clients to limit the sale of their home only to certain people based on these very same attributes. What’s more surprising are their reactions when I tell them that not only am I prohibited by law to due such a thing, but that there is no way I could morally feel … (0 comments)

reno: Monitoring your Credit Report - 12/17/09 08:31 AM
You will want to review your actual credit report as it is being reported to all three credit bureaus. It is very common to find errors on your credit report that could be contributing towards a lower credit score. You are entitled to receive a free annual credit report from all three major credit bureaus.
Once you have received your free credit report from each credit bureau, you will want to do the following: Monitoring Your Credit Report
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 … (4 comments)

reno: Rising Short Sales on the Market, and the Challenges they present - 12/03/09 05:16 AM
It’s no secret that short sale listings have drastically increased in very little time. This increase can be blamed on a number of factors: rising unemployment, decline in home values, resetting ARMs, and the list can go on. What ever the cause, it appears as though Short Sale listings are going to be around for some time to come, and both consumers and agents should be aware of the challenges associated with them.
See the complete post: Short Sale Challenges
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: … (2 comments)

reno: Fannie Mae Confirms its Short Sale Commissions Policy - 12/03/09 04:53 AM
Fannie Mae has reconfirmed its short sale commission policy with the NAR.
See Fannie Mae Commissions for details
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
(0 comments)

reno: Freddie Mac confirms its Short Sales Commission Policy - 12/03/09 04:00 AM
Freddie Mac confirmed that its servicers are not allowed to renegotiate short sales commissions in writing on August 20, 2009
See Freddie Mac Commission Policy for details
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
(0 comments)

reno: FAQ on the Housing and Economic Recovery Act (HERA) - 09/28/09 10:48 AM
The following FAQ may answer some of the concern you may have on the new HERA mortgage requirements and how they will affect the timeline of your real estate transaction.
FAQ HERA
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
(0 comments)