Nevada led the nation in mortgage delinquency in the second quarter of the year, according to a report released Monday. Increasing unemployment rates and falling home values, such as in this Henderson neighborhood, have put a pinch on Nevadans. Nevada’s beleaguered residential real estate market is expected to deteriorate through the end of the year, [...]
If you are struggling to make your mortgage payments you may be able to get your lender to modify the loan under new government guidelines. Here are the eligibility criteria for loan modification: Mortgage must have originated
Contrary to popular belief banks don’t want to foreclose on a property. They face a number of consequences which can be avoided by accepting a short sale. A foreclosure lowers their FDIC ratings, REOs are a financial burden, loan to deposit ratios
More Foreclosure To Hit Depressed Market Housing analyst Larry Murphy of Las Vegas based SalesTraq said he’s talking to people in the industry who believe Las Vegas has yet to see the crest of the foreclosure wave. Hundreds
So far, under the Obama plan less than 32,000 home owners out of the 700,000 that went through the three month trail period have actually achieved a loan modification. All these people had to be late on payments in order to apply for the program s
