Monthly Archives: March 2010

Is California’s housing market double-dipping?

Posted on March 31, 2010 by Guy Johnson

A reader forwarded a link to a blog post titled Our Worst Fears Are Coming True: California Housing Is Double-Dipping Right Now and asked me to share with the blog for your comments. This article raises some interesting points and … Continue reading →

Posted in Market Trends | Tagged | 13 Comments

FHA condo financing requirements

Posted on March 31, 2010 by Guy Johnson

Just received the following info emailed to me from a mortgage loan officer from Bank of America. The information pertains to the guidelines that condominium complexes must meet before BofA will loan on them via FHA financing. So if you’re … Continue reading →

Posted in Lending | Tagged , , | 4 Comments

A Baroque Tale

Posted on March 29, 2010 by Mike McGonagle

I present for your consideration you the strange saga of 4100 Gray Fox Court, a vacant lot in the rarefied confines of ArrowCreek.  It was purchased for $448,081 in October 2005 with a $375,360 1st loan from IndyMac, who subsequently sold the … Continue reading →

Posted in General | 22 Comments

NVAR launches website to help Nevadans with foreclosure issues

Posted on March 29, 2010 by Guy Johnson

The Nevada Association of REALTORS®, in conjunction with the local associations, has launched a website to assist Nevadans who are facing foreclosure issues.  www.ForeclosureHelpForNevadans.org provides helpful information and resources for those who have questions regarding foreclosure.

Posted in Foreclosures, News | Tagged , | 6 Comments

Making Home Affordable event coming to Reno

Posted on March 24, 2010 by Guy Johnson

We’ve all heard of the Obama Administration’s Making Home Affordable Program.  But what is it exactly, and who is eligible? If you have similar questions or would like to discuss options to avoid foreclosure, then you may want to attend … Continue reading →

Posted in Foreclosures, News | Tagged | 7 Comments

Foreclosure timeline

Posted on March 23, 2010 by Guy Johnson

Our friends at First Centennial Title have produced the chart below depicting the timeline of a typical foreclosure. click on the chart to enlarge   Related post: Short sale flowchart

Posted in Foreclosures | Tagged , | 16 Comments

Page Ventures / NRES Update

Posted on March 22, 2010 by Mike McGonagle

Page Ventures has now closed out all but 2 of their TD buys.  649 Alpine View in IV is getting to where it will be a break even deal.  3065 Markridge has resulted in Page Ventures and their attorney receiving … Continue reading →

Posted in General | 4 Comments

Bifurcated Market

Posted on March 22, 2010 by Guy Johnson

Many comments have been posted in the thread following the Market Condition Report – February 2010 concerning how the Reno Sparks housing market actually consists of two markets, or strata.  The general consensus among the commenters seems to be that … Continue reading →

Posted in Agent Insights, Market Trends | Tagged | 54 Comments