Broker Beach Blog

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Real Estate Agent - Keller Williams Realty Group One Inc.
A blog about the Reno/Sparks real estate market, local news and information, technology, and whatever is on my mind.

ARCHIVED BLOG POSTS

2013 

On April 1st, 2013 FHA will be raising their mortgage insurance premium (MIP) by .1% and requiring it to be paid for the full term of the loan. View the press release here. An FHA loan created before April 1st will only require mortgage insurance until the loan is 78% of the original balance (aro...
01/30/2013
The Nevada Association of Realtors published the award winning 2013 Face of Foreclosure report for the State of Nevada. The report provides foreclosure stats, correlating maps to the data, mortgage delinquency information, and resident opinions on the state of foreclosures in Nevada. It's a prett...
01/29/2013
The running short sale joke is that no part of them are short. Freddie Mac came out yesterday and said that they can speed up FHLMC backed short sales by 50-75% (effective November 1, 2013). The full post is here... Fannie Mae Short Sale Time Frame Among the many reasons they believe their short ...
01/23/2013
The Reno/Sparks market stats, for December 2012, were released by the Reno/Sparks Association of Realtors.? You can view the full report by clicking on the picture to the right. If you're feeling lazy then the important stats are below. The median sales price rose again and rested at $187,000. Th...
01/22/2013
Well not real zombies... Michelle Conlin, of Reuters, published an article on zombie title. Found here... Special Report: The Latest Foreclosure Horror: The Zombie Title While Conlin only cites one instance it's actually pretty common... The bank files for foreclosure. On the sale date at the cou...
01/21/2013
  Detroit Homes for $1- DailyCaller.com Homes this cheap used to be the result of an HOA foreclosure that would rip you off because of the remaining first mortgage.   Demand Outpaces Inventory- RGJ.com Nothing new but stas are included from the Builder's Association forecast.   Foreclosure Rate ...
01/18/2013
A good read for sellers too. Well, I think I've seen the fastest list to accepted offer scenario?(previous record is 8 hours) that doesn't involve the agent having an inside deal with the buyer and seller prior to listing it. The home came on the market at 4:10 pm yesterday (over $200,000 list). ...
01/17/2013
Shadow inventory is the discussion being had in all real estate offices and mortgage data companies. If you've been trying to buy a house or sell one as a traditional sale you know the market conditions. A house goes on the market and is pending in 3 days. Many times for more than the listed pric...
01/15/2013
State Attorney General Catherin Cortez Masto has created the "Home Again" program for home owners who have missed payments or are under water and current with their payments. Home Again is using $11.7 million from the National Mortgage Settlement to offer assistance in contacting your lien holder...
01/15/2013
Thank you to Ticor Title for the updated foreclosure stats. You can view the stats by clicking the picture to the right. Not much difference from the previous months other than a rise in the Notice of Defaults (first foreclosure filing). This may mean that banks are finally attending to the delin...
01/04/2013
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Ricky Beach

Reno Broker/Salesperson/Realtor
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