Tag Archives: Foreclosure

Reno Foreclosure Filings

Posted on January 18, 2012 by

The number of foreclosure filings has dropped slightly compared to two years ago. Washoe County recorded 7,981 foreclosure-related filings in 2011. Jason Hidalgo of the RGJ attributes much of the decrease to AB 284 which requires the foreclosure documents to … Continue reading →

Posted in Economy, Foreclosure, Government, Nevada, Real Estate, Reno, Sparks | Tagged , , , , | Leave a comment

HUD Evicts 101 Year Old Woman & Reconsiders

Posted on October 6, 2011 by

HUD evicted a Detroit woman but then realized it was a “mistake.” The mistake was that the woman was 101 years old and the news caused a large enough uproar that HUD was embarrassed and reconsidered the eviction. “We were … Continue reading →

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Washoe County Foreclosures Lower for June

Posted on July 15, 2011 by

Washoe County foreclosure filings for June were down 10 percent from May and nearly 22 percent from June 2010, according to foreclosure tracker. RealtyTrac  1,035 foreclosure related filings were recorded for the month. This makes 54 months in a row … Continue reading →

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Guilty Pleas in California Bid Rigging Scam

Posted on July 4, 2011 by

Don't get caught conspiring with anyone to not bid against each other at foreclosure auctions.  It could prove to be very costly, indeed. Eight Bay Area real estate investors have agreed to plead guilty for their parts in two conspiracies … Continue reading →

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Fraudulent Senate Candidate Fighting Foreclosure

Posted on June 19, 2011 by

Fraudulent U.S. Senate candidate Jon Scott Ashjian sued two lenders and a law firm, charging they’ve been wrongfully trying to foreclose on his Las Vegas home. An attorney for Ashjian and his wife Bonnie Ashjian filed suit this month against … Continue reading →

Posted in Foreclosure, Fraud, Nevada, Politics, Real Estate | Tagged , , , | Leave a comment

Two Courts Rule Differently on MERS

Posted on June 16, 2011 by

No matter which side you are on, MERS remains a controversial issue.  Many expect the problem to ultimately be decided in the courts. A New York appellate court ruled last week that a Reston-based company that electronically tracks and transfers … Continue reading →

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How Deep is the Housing Depression

Posted on June 15, 2011 by

For a gloomy analysis of the housing market this IBD editorial will not make you happy.  The collapse of residential real estate prices just officially exceeded the scale of the Great Depression’s housing crisis. Using mortgages as a welfare program … Continue reading →

Posted in Economy, Home Prices, Real Estate | Tagged , , , , | Leave a comment

Deputies Seize Bank property for Homeowner

Posted on June 5, 2011 by

We’ve all seen enough stories about banks foreclosing on poor, hapless homeowners.  We have also seen a lot of stories about how badly Bank of America treats it’s customers. Here is a story that should gladden your heart. Bank of … Continue reading →

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Would a Foreclosure Really Affect My Credit Score?

Posted on May 28, 2011 by

Yes, Virginia.  A foreclosure would significantly affect your FICO credit score, as would missing a payment or maxing out your credit cards.This post at The Mortgage Reports shows graphically how your FICO scores can be affected. Max-Out A Credit Card … Continue reading →

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Suit Filed Against Seven Major U.S. Banks Alleging Fraud Against Homeowners

Posted on April 28, 2011 by

Philip Kramer, an attorney from Calabasas, California filed suit against seven US banks alleging they defrauded homeowners. Kramer has filed lawsuits against Bank of America, JP Morgan Chase, Washington Mutual, One West-Indy Mac, GMAC, Wells Fargo/Wachovia and Citibank which he … Continue reading →

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