ARCHIVED BLOG POSTS
2009
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 HERAShould you have any questions or need further information,please don't hesitate to contact me, (775) 220-1630Or visit m...
09/28/2009
2
Comments
FannieMae and FreddieMac adopted the Home Valuation Code of Conduct (HVCC) in 2008 in order to reinforce, protect, and enhance the overall integrity of an appraiser’s valuation process. This code of conduct became effective on May 1, 2009.See HVCC SummaryShould you have any questions or need furt...
09/28/2009
0
Comments
In 2008, the Housing and Economic Recover Act (HERA) was passed by Congress and became effective July 30, 2009. The Federal Reserve Board published the new regulations under the Truth in Lending Act.See Summary of HERA for a summary of these new regulationsShould you have any questions or need fu...
09/28/2009
3
Comments
The Department of Housing and Urban Development has put out a list of Tips that can help you avoid Foreclosure. However, before following these tips, you will want to determine if this is only going to be a temporary fix, and if keeping your home is worth the consequences that some of these tips ...
09/15/2009
The Making Home Affordable program allows eligible homeowners to refinance or modify their loans to a payment that is more affordable. It is broken into two parts; the Home Affordable Refinance, and the Home Affordable Modification. The following are common Questions and Answers on the Making Hom...
09/08/2009
0
Comments
Borrowers having difficulty paying their mortgage will be able to refinance into FHA-insured mortgages under the program.Under the HOPE for Homeowners, lenders will be required to “write down” the mortgage to a maximum of 90% of the homes appraised value.See HOPE for Homeowners for details and re...
09/08/2009
0
Comments
There are several options that may be available to homeowner who are in default, or about to be in default on their mortgage. These options include: Loan Modifications, Prepayment Plan, Making Home Affordable, Short Sale, Deed in Lieu of Foreclosure, and more.See Foreclosure Prevention Options fo...
09/08/2009
Effective January 1, 2011, sellers of residential properties will be required to provide buyers with an evaluation of energy consumption. SB 437 (2007 Session) added the following to the Nevada Revised Statutes (NRS) which outlines this new requirement:Energy Evaluation RequirementsShould you hav...
09/08/2009
0
Comments
In the state of Nevada, lenders may foreclose by using either a judicial or non-judicial foreclosure process.Here are the differences: Judicial vs. Non-Judicial ForeclosureShould you have any questions or need further information,please don't hesitate to contact me, (775) 220-1630Or visit my blog...
09/08/2009
