The federal government has been quite aggressive in the past few months in infusing money into the financial system in order to turn the tide on the still deteriorating housing industry. One of the key goals of this was to assist homeowners facing foreclosure find a way out of their mortgage paym
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12/28/2008
At last there is a list where Nevada occupies one of the higher spots and this time it actually is good news. The year has otherwise been very dramatic for the state, especially for the Las Vegas metropolitan area that holds a large chunk of its population. Real estate values are under constant a
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12/22/2008
Nevada sits atop another mortgage- and real estate-related list, a placement that no one really wants. The Silver State, together with Arizona, California and Florida, enjoyed unprecedented real estate price appreciation during the recent boom cycle and now the same states are topping the nationa
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12/21/2008
The outlook for home builders in Southern Nevada remains rather bleak. It has been a tough real estate market throughout the year for the entire industry and especially so for new homes. This year, 2008, will be a year to remember in the business. Mortgage money has become outright inexpensive la
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12/19/2008
The letters IRS usually make the neck hair of people to stand up, often followed by a bad word or two. Now, however, at least a few citizens can find something positive to say about the much-reviled agency. The ones who might do that have a federal tax lien currently clouding their homes. Normall
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12/17/2008
Whatever Washington has thrown at the ailing housing market so far hasn't had much of an impact. The latest plan was called TARP, the Troubled Asset Recovery Program, that has done very little to stabilize the messy situation. It has cost untold billions to no avail. The key still appears to be t
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12/13/2008
Homeowners across Southern Nevada know that their properties have lost quite a bit of value during this incredible mortgage and housing meltdown. It's a somber feeling to first watch the equity in a home shrink down to nothing and then to make matters worse in many cases the spiral has continued
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12/11/2008
The holiday season is upon us although this year it might be more subdued than in a long while due to the overall weakness in the national economy. The mortgage and housing markets have taken unprecedented punishment in most parts of the country that requires extraordinary efforts and just plain
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12/09/2008
Up to now Washington has come up with quite a few different remedies to lift the reeling real estate market out of the jaws of defeat. Most of them have focused on helping the battered mortgage industry and it surely looks like the right road to take. Yet, the results have been less than satisfac
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12/06/2008
The financial system has taken it to the chin repeatedly over the last few years thanks to multiple factors, one of which was the subprime home loan product. Many eager borrowers were able to secure funding for a home purchase using its flexible underwriting criteria although many really didn't h
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12/05/2008
