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

Posted on December 31, 2011 by Mike McGonagle

>– 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

Posted on December 20, 2011 by Mike McGonagle

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

Posted on December 15, 2011 by Mike McGonagle

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?

Posted on December 1, 2011 by Mike McGonagle

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

Posted on November 11, 2011 by Mike McGonagle

– 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

Posted on November 4, 2011 by Mike McGonagle

– 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

Posted on October 26, 2011 by Mike McGonagle

– 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

Posted on October 16, 2011 by Mike McGonagle

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