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Monthly Archives: March 2010
The Obama Administration announced they want to spend $14 billion for jobless homeowners to free them up from their monthly mortgage payments for up to six months, to help them rework their existing mortgages and provide some additional money, to … Continue reading
Zillow reported last month, in their Q4 Real Estate Market Reports that five of the 143 markets they covered were in the midst of a “double dip.” They mean that home values showed sustained monthly increases sometime during the year, … Continue reading
Misc News & Links SIGTARP Rips Into Treasury’s Foreclosure Prevention Effort Neil Barofsky, Special Inspector General of the Troubled Asset Relief Program (SIGTARP) calls the Obama administration’s Homes Affordable Mortgage Program (HAMP), designed to curb foreclosures a failure. Obama readies … Continue reading
Reno real estate prices have definitely moved higher, at least for properties priced under, perhaps $200,000. The reasons are myriad including bargain hunters, and the $8000 tax credit from the Feds. I’m not quite so sure about those properties in … Continue reading
The Reno/Sparks February unemployment rate was reported at 13.4% by the Nevada Department of Employment, Training and Rehabilitation. Statewide rate was set at 13.2% with The Las Vegas area at 13.8%. It would appear that any recovery would be a … Continue reading
USA Today has a story on homeowners walking away from their underwater home. More.
Two men were arrested by police in Utah on charges they illegally hooked up skimmer devices to gasoline pumps to gather personal identification information from customers. Many gas pumps were targeted in Reno, but the incidents seemed to stop following … Continue reading