SellingNorthernNV

Keeping you informed on all things real estate

Department of Defense – Homeowners’ Assistance Program

admin | January 17, 2010

The Homeowners’ Assistance Program (HAP) provides some monetary relief to eligible service members (including Coast Guard) and federal employees (including non-appropriated fund) Homeowners who suffer a financial loss on the sale of their primary residence as a result of a decline in their real estate market as a result of a base closure or realignment announcement.

Equal Opportunity in Housing: Common Sense?

admin | December 30, 2009

In the age we live, you would expect the in the idea of providing equal opportunity in Real Estate to all people regardless of race, color, religion, sex, handicap, familial status, national origin, etc. would be common sense. However, on more then one occasion I have been asked by potential clients to limit the sale of their home only to certain people based on these very same attributes.

I’ve decided to put together the following summary of a few of the various laws that are directed at this very subject as well as the responsibilities that go along with them. The source of this information was obtained via a publication by the National Association of Realtors.

Foreclosure Prevention Options

admin | August 21, 2009

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.

Duty to execute documents to release earnest deposit

admin | July 20, 2009

In today’s market of short sale and REO transaction, there is a common problem I’ve been encountering when these transactions go south. It can sometimes be difficult to get the other party (typically the seller) to sign cancelation instructions which are needed in order to have the buyer’s earnest deposit (or any other money) refunded.

Reno/Sparks April 2009 Sales Report

admin | June 1, 2009

April marks the fourth month in a row of increasing sales in the Reno/Sparks area. The majority of this activity remains in the price range of $150,000 and under. However sales are still up in every price range with the exception of homes between $201k and $250k which have remained level