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Default notices in Washoe County rose by 50 percent, the highest level in a year!

By
Home Inspector with Certified Structure Inspector IOS #1730, EA #30

According to an article in RGJ today there is a reason for this surge. Who is the biggest culprit you ask? Bank of America is liquidating home since the new law on OCT 1 will prevent them from using their own Trustee recon Trust. According to Attorney Greg Jensen "The banks have been screwing Nevada homeowners by selling their homes out from under them." It makes more sense to the banks to kick people out than to really make an effort to work with people and allow families to stay home. When I spoke to Mr. Jensen he stated that there is a thing called the LAW that is getting in the way of banks doing what they want. They lie and people don't realize it till it's to late. His advice is get help as soon as possible.

More can be read on RGJ http://www.rgj.com/article/20110927/BIZ02/109250323/Special-report-Spike-Washoe-County-default-notices-raises-eyebrows

Comments(2)

Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Robert,

It's not over by a long shot yet, is it?  I wish you the best!

Mike in Tucson

 

Sep 27, 2011 05:45 PM
Bryan Robertson
Los Altos, CA

The banks are out of control and this sort of thing helps nobody but them.  I hope this gets cleared up soon and BofA starts working in the best interest of the area.

 

Sep 27, 2011 05:53 PM