foreclosure in nevada: Nevada's Contribution To The Foreclosure Mess
- 11/24/10 08:39 AM
1. Unpaid principal on home loans was 21 billion of Freddie Mac's 1.87 trillion about 1 % 2. 3.5 billion in delinquent debt 4% of Freddie Mac's95.3 billion. 3. Nevada's inventory= 355 million of Freddie Mac's inventory or three percent. 4. 235 million in credit losses 6% of Freddie Mac's losses nationwide. 5. Just under 13% of the home loans that were in serious delinquency, more than twice the national average of 5%, Higher than Arizona and California. Par to Florida which was more than 12%. 6. The average unpaid balance was $173,080 which was highwer than all states except California. Las … (0 comments)
foreclosure in nevada: Nevada Courts To Fine Tune Rules Of Foreclosure Mediation.
- 11/23/10 06:16 AM
On Dec 6, 2010 at 2:00, Nevada Supreme Court will meet to fine tune Foreclosure Mediation. In the state of Nevada there is a law that states if the homeowner can request a mediation with the bank before it forecloses on a homeowner. There have been problems with this mediation and they are trying to solve the problems associated with it. Among the problems have been with lenders providing the necessary paperwork to foreclose, and who is authorized to negotiate rthe mediation. But rules slated for change are expanding control over mediation, and better defining rules that merit disqualifications, and better … (1 comments)
1. Unpaid principal on home loans was 21 billion of Freddie Mac's 1.87 trillion about 1 %
;)
;)
;)
