Category Archives: Legal

A crib sheet for mortgage terms/keywords

[I received a handy list of mortgage terms from Lisa Fleck - a loan consultant who posts on this blog occasionally. I thought I'd pass it along... -Guy ] Annual percentage rate (APR): The APR includes the base interest rate, … Continue reading

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Fannie Mae in town Friday and Saturday

In the past two days I have received the information below from local title companies, local lenders, and NVAR (Nevada Association of REALTORS).  Fannie Mae is really getting the word out on its next visit to Reno. If you are … Continue reading

Posted in Foreclosures, Legal, Lending | Tagged | 1 Comment

Energy Consumption Evaluation Form goes into effect Jan 1st

Effective January 1, 2011, in accordance with Nevada Revised Statute ("NRS") 113.115, a seller of residential real property in Nevada must now prepare an energy consumption evaluation for the property before closing the transaction; unless it is waived by the … Continue reading

Posted in Legal, News | Tagged | 18 Comments

Short Sale FAIL

After eight unsuccessful months trying to sell our Somersett McMansion for $525,000, we raised the price to $572,000. No, we’re not crazy. The bank is. For those who may not know me, I started this blog in late 2005. I … Continue reading

Posted in Foreclosures, General, Legal, Lending, Market Trends, Somersett, Strategy | Tagged , , , , , , , , , , | 86 Comments

More title and escrow tips from Ticor Title

Throughout the year I compile and post title, escrow, short sale, foreclosure and closing tips presented by our friends at Ticor Title.  Though these tips are directed to real estate professionals I believe consumers also benefit from this information.  Here … Continue reading

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Rental vacancies rise to 11%

This morning’s RGJ contained a report on the Reno-Sparks rental market.  Apartment vacancies rose to nearly 11% for the 2nd quarter.  Consequently average apartment rents fell to $844 in Reno-Sparks; compared to an $863 average for the first quarter. See … Continue reading

Posted in Foreclosures, Legal, Market Trends | Tagged , | 43 Comments

Facing foreclosure?

The Nevada Department of Business and Industry has developed a great tool for homeowners who may be underwater in their home.  It’s called the Nevada Foreclosure Information Workbook, and it’s intended to educate homeowners on the foreclosure process.  It is … Continue reading

Posted in Foreclosures, Legal | Tagged | 1 Comment

Deleting Foreclosure Rage – Why?

Regarding the removal of the "Foreclosure Rage" post: Reno Realty Blog is currently in the process determining the extent of the blog’s liability when it comes to contributions and comments made on the blog.  While we truly value the contributions … Continue reading

Posted in Legal | Tagged , , | 30 Comments