Author Archives: Mike McGonagle

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About Mike McGonagle

An architect, business owner, and compulsive public records hacker, Mike reads the tea leaves of the local real estate market from a unique perspective.. A former Chicagoan, Mike earned his MArch from Harvard University. Mike can be reached at mike@macassociates.com or 775-345-7435. His continued musings can be found on the REreno.com blog.

Endings

>– Default Activity – Here are the December and year end figures: NODs soared almost 100%. Sort of. 28 NODs were recorded, up from 15 in November and 14 in October when AB 284 took effect. 4606 NODs were filed … Continue reading

Posted in General | 5 Comments

Quickies

Update – Dr. Housing Bubble has a great article on the large number of investment sales in LV. A third of the buyers are from California, mimicking the Great Bubble. There is a comment string about Reno housing that is … Continue reading

Posted in General | 16 Comments

King’s Inn Sells

Well, sort of. After at least 8 aborted trips to the courthouse steps, North River Development LLC aka the King’s Inn, was taken back by the lender today at a Trustee’s Sale. The original amount of the loan was $3,500,000 … Continue reading

Posted in General | 10 Comments

RU Fannie/Freddie?

So HARP 2.0 has launched, but your loan must be owned by Fannie Mae or Freddie Mac to qualify or even get considered. If you want to avoid a 2 hour phone queue with Citi/Chase/ BofA/ Wells just to ask … Continue reading

Posted in Foreclosures, General, Lending | Tagged , , | 5 Comments

Eleven Eleven Eleven

– 8 on Center hasn’t been on the radar in a while – the project you loved to hate. From the day they started sales, there were already a couple “sold” units. One of them was 894 S Center, which … Continue reading

Posted in General | 7 Comments

4 November 2011

– Finance Your Trustee’s Sale – That’s the business model of Klaraos Ventures LLC out of Incline Village. So far only targeting the Central Valley in CA, but would it work here? – Belvedere – Very interesting Quiet Title suit … Continue reading

Posted in General | 11 Comments

Midweek

– Belvedere – A unit was just listed “Back on Market” today. 7 units went NOS today, all serviced by Reconstruct, all part of the backlog of pre-foreclosure properties in the pipeline but on hold due to the lien problems. … Continue reading

Posted in General | 20 Comments

A Sunday Drive

What a beautiful afternoon in Reno. So I broke out the flivver, took care of some business, then toured around a bit. You want pictures? We got pictures! And a few other tidbits along the way. Forgive some of the … Continue reading

Posted in General | 1 Comment