Monthly Archives: March 2010

Is Foreclosure Protection Fair to the Rest of Us?

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

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Zillow:More Markets Head Into Double Dip

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

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RE Related News & Links

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

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Reno Real Estate Prices: Have We Hit a Bottom?

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

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Washoe County Jobless Rate 13.4%

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

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More on Walking Away From your Mortgage

USA Today has a story on homeowners walking away from their underwater home. More.

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More on Gasoline Pump Identity Thefts

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

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Bank of America to Reduce the Principal for Underwater Homes

Bank of America will start forgiving principal for homeowners owing more than 120% of their home’s value. Read more: http://www.rgj.com/article/20100324/BIZ/100324012

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February Reno Home Sales Statistics

The Reno/Sparks Association of Realtors reported a 14% rise in existing home sales for February compared to 2009. Read more: http://www.rgj.com/article/20100323/BIZ/3230325/1071

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I Won The Lottery!

I won! I won! I won the lottery! I don’t know which lottery, but I won anyhow.  At least that’s what this email says. Since REReno has an official policy that I cannot accept prizes such as this, so I … Continue reading

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