What is a Foreclosure?
Posted on June 2nd, 2009 by ronbell
Select Foreclosure Source Magazine answers a question that many may still wonder: What exactly is a foreclosure?
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Filed under: FORECLOSURES
Don’t Make Foreclosure, Short-Sale or Mortagage Decisions Lightly
Posted on May 1st, 2009 by ronbell
Here is an article from Wayne Capurro from the Reno Gazette Journal, RGJ, discussing whether not it is a good idea to modify your mortgage. It details what will happen to the home and other decisions that should be made before deciding to go through with a foreclosure:
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Filed under: FORECLOSURE HELP, FORECLOSURES
Attorney has a question for me about Reno home foreclosure…
Posted on April 24th, 2009 by ronbell
I am copying this off of an e mail I received and the response of mine herewith from a well known tax attorney who for some reason trusts what I say? Go figure, the names and addresses etc. have been omitted:
1. What is his realistic time frame before foreclosure. He cannot make
up the payments.
2. What steps should […]
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Filed under: FORECLOSURE HELP, FORECLOSURES, SHORT SALES
Washoe Senior Law Project Foreclosure Video
Posted on April 10th, 2009 by ronbell
”The Washoe County Senior Law Project is offering a 30-minute video on public TV and online, which provides advice on home to avoid home foreclosure. The video is based on a recent workshop that included presenations by four experts form the Nevada Attorney General’s office, Consumer Credit Affiliates, the Nevada Mortgage Lending Division and Well’s […]
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Filed under: FORECLOSURES
The Difference Between a Bank Owned Sale vs. a Normal Sale
Posted on March 28th, 2009 by ronbell
Here is a great outline by Ticor Title outlining the difference between a bank owned transaction and a normal transaction. You can see the differences for the Buyer and Seller, HOA, Contract, Closing, etc. during the escrow process.
The Difference Between a Bank Owned Sale vs. a Normal Sale
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Filed under: FORECLOSURES
Tax Implications of Forgiven Debt On a Foreclosure?
Posted on March 26th, 2009 by ronbell
I would like to share this information from the Internal Revenue Service regarding tax implications of forgiven debt/bank owned homes on a foreclosure. This article defines what the cancellation of debt is, the tax consequences of having a home go through foreclosure/bank owned and whether cancellation of debt is tax deductible. I think that anyone going […]
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OK, I’M STAYING OUT OF THIS ONE BUT CHECK IT OUT…
Posted on March 20th, 2009 by ronbell
The article that was so wonderfully written by Madeline Zook in the Reno News and Review (this paper rocks) that is the prior blog mentioned a designation for short sale specialist’s. Like many of these Realtor designations; you have to read into them a little.
Many times some (designations) simply mean that we spent a couple of hours […]
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Foreclosure Secrets Revealed
Posted on March 19th, 2009 by ronbell
Here is a great article by Madeline Zook with the RN&R (Reno News & Review) revealing the “dirty secrets” of the foreclosure crisis in Northern Nevada. Madeline Zook is the owner-broker of Sierra Nevada Real Estate, a firm that specializes in rentals and investments. Please keep in mind that all situations vary and things are changing […]
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Absortion rate on Reno Bank Owned Homes improves…
Posted on March 17th, 2009 by ronbell
One of the things I watch as an investor (in this market) is how many Reno bank owned homes/foreclosured homes are selling and or pending verses existing Reno bank owned homes/foreclosed homes. Lately, the number sold and pending has been increasing relative to existing Reno bank owned home inventory. Enclosed is a chart
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Filed under: 2009 Statistics, FORECLOSURES
Now is the time to buy — The short sale process
Posted on February 20th, 2009 by enterprise
Enclosed is a nice powerpoint that we converted to pdf done by Remy Chonez at Platinum Home Mortgage. He originally did this for our Reno Real Estate Investors Group/Club in Reno Nevada Nv. www.renorealestateinvestorsclub.com
Remy can help out first (1st) time Reno Homebuyers, Reno foreclosure homes, Reno bank owned homes, Reno real estate owned (R.E.O.) homes Reno […]
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Filed under: CURRENT STRATEGIES, FORECLOSURES
