Even Big Dogs feel the hurt.  4045 Old Highway US 395  just got served with the largest Notice of Sale that I have ever seen on a single family (ish) residence in this area.  25 acres with options for more, 16,000 SF house, maybe another unit on the grounds, looks like a riding arena from […]

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Remember when Craig’s List was a useful tool in your real estate search?  You could actually find sellers looking for buyers, a nice little FSBO marketplace.
Then the Realtors discovered CL and started wallpapering it with all their MLS "listings".  The number of daily posts increased at least 10 fold and became unmanageable to sift through, […]

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4125 Hackamore is my next door neighbor.  It has always always been known for it’s IHOP blue roof, and it’s Frank Lloyd Wright pretender pretensions.  My recollection is that it originally listed at $575+, and sold a year or so later at $465.  It is currently listed at $374,900.   If you followed the discussion on […]

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Since it looks like a long, wet weekend, and since I didn’t even get a chuckle out of you readers with "squirrel underpants", here are a couple of dull and boring items for your enjoyment.
CC&Rs - We all know what happens when you sign off on your loan documents without reading them and thoroughly understanding […]

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Another month, and more records on the Washoe County foreclosure front.  291 Trustee’s Deeds, up from 288 in August and 280 in July.  398 Notices of Sale, up slightly from 396 in August, but still down from the anomalous 481 in July.  Gross Notices of Default topped out at 587, up from 559 in August […]

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Do you think you can buy a house that sold new in March 2006 for $627,166 for $236,000?  It happened today on 8648 18th Hole Trail in our favorite golf and lifestyle community. 
Very few people have the fortitude, luck, or deep pockets to brave the Trustee’s Sales on the courthouse steps.  But there a few investors […]

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The new listing at 8695 Tom Kite looked like just another Somersett owner getting serious about today’s real estate market.  The home was purchased in October 2005 for $842,306, has probably seen another $100,000 in landscape work, and is listed at $700,000.  Interestingly, the owner put 40% down and there is only a $500,000 first loan […]

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Meet Black Dog.  She is a purebred, or nearly so, German Shepherd that was abandoned a month ago in my neighborhood.  She is still here, living off the land and whatever the concerned residents leave out for her.  For the first few days, she would sit by the road and watch every car go by, […]

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I figured August would be an interesting month on the NOD/NOS/TD front.  July was within .5% of record NODs,  a record by a longshot  for both NOS s and TDs.  But then we got "The Bailout".  Would it affect the numbers in a meaningful way, or would it be business as usual?
NODs reached a record level […]

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Of all the projects downtown, the Belvedere (Sundowner) is the one I could never wrap my arms around.  What was it supposed to be when it grew up?   Too expensive for UNR student housing.  Too far away from the "inner city" development for the locals or investors.  Really strange unit plans.  High prices.  I get […]

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