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New Fixer-Upper Loan: The 203(k)

For those of you that are looking for a home and would like to fix it up, but don’t have the money to do it, there is a great new loan that would enable you to do that.  The FHA is offering the 203(k) loan, a great opportunity for the homes that need some TLC.
“Right now, […]

First-Time Home Buyer Tax Credit Information

With the new Home Buyer Tax Credit available, it seems that many who may want to take advantage of it have quite a few questions.  Please find the article below from the Federal Tax Credit website answering many of the frequently asked questions like who is eligible, how to apply for the credit and if you will  receive the […]

Second Home Market Snapshot

 Please find the below statistics regarding the second-home market from Realtor Magazine. Despite the current market, there has been a demand for second homes.
“Survey shows that second-home buyers tend to be more confident about today’s housing market.
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Sales […]

Builders Starting to Build Again…

The Northern Nevada Business Weekly, NNBW featured an article by John Seelmeyer regarding the Carson City market stirring up the building market lately.  Recently, the Capital Village subdivision has commenced building an additional couple homes to have on standing inventory after not being in production for about a year now.  Additionally, they comment that they […]

Buyer’s Fever reaches Pandemic levels in Reno some areas rated a 6; the highest…

The craziness continues as Buyer’s Fever spreads across the Reno Sparks area faster than the swine flu at a Mexican kissing booth.  Some areas and price points under 200 Reno bank owned/foreclosure homes are at the highest pandemic rating of 6. 

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The Credit Crunch

Recently, the RGJ, Reno Gazette Journal published an article details the ins and outs of obtaining a good credit score, the importance of the credit score and fixing a bad credit score.  Please find all of the details in the below article by Jason Hildago:
” If the foundation of modern-day America could be boiled down […]

High-end Mortgages Get Easier

It seems as if  a promising future is on the horizon for buyers and the current owners of high-end properties.   At the latter part of last year, the jumbo loans were no longer available from banks.  A jumbo loan is a mortgage that the government will not buy or guarantee (over $417,000, depending on the […]

What is a Short Sale?

Many people may wonder what a short sale exactly is.  Select Foreclosure Source Magazine answers this question:

What are Mortgage-Backed Securities?

Mortgage-backed securities began back in the 1980’s allowing companies to purchase several mortgages at one time, rather than as individual transactions. Today, people are unable to adequately make their mortgage payments and the companies who had invested in the mortgage are not receiving a steady payment flow, making the investment far less solvent.  The article below from the […]

California’s Tax Methods Makes Obama Look Tame

 There has been a shift of wealth in America over the past couple decades.  The gaps between the poor, the middle class and the wealthy are growing larger and taxes are the current solutions on the table now.  Jeff Quinn of the Tahoe Bonanza Newspaper suggests the following three:  The first is the McCauley-Rooker Wealth […]