Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from September 14th, 2011 in which Managing Partner, Tisha Black Chernine, Esq., hosts special guest Nevada Majority Leader Assemblyman Marcus Conklin. Ms. Chernine and Mr. Conklin discuss the various Bills that have come out of the 76th Legislative Session including AB 273 and AB 284, the amount of […]
Black & LoBello on the Radio
Click here to listen to the Legal Hour on KDWN AM720 from September 7th, 2011 in which Managing Partner, Tisha Black Chernine, Esq., discusses the lawsuit between Fannie Mae and Freddie Mac and 17 major banks and the arguments on either side, the Nevada Homestead Act, refinancing home loans and modification options, consumer rights under the Debt Collections […]
FTC Cutting Back on MARS Rules Enforcement on Short Sale Agents
The Federal Trade Commission recently released a statement reporting that Real Estate agents “in good standing” will no longer have to abide by some MARS Disclosure requirements in assisting clients with short sales (the rules still apply to other transactions). The FTC will forebear enforcement only to real estate brokers (and agents under their direction […]
SB 414 Restricts Banks
Senate Bill No. 414 was introduced to address some of the consequences of the downturn in the current real estate market. Section 2 of the Bill was intended to prevent a bank from calling a commercial mortgage loan due if the borrower is not in default. That section was quickly eliminated by amendment from the […]
AB 273 Limits Bank Collections
The purchase of a house is the largest purchase most people will ever make. When hard times hit and a homeowner loses their house, the debt the homeowner still owes to the bank is the largest debt a person will ever have. After suffering a pay cut or the loss of a job and with […]
New Nevada Real Estate Laws Update
Black & LoBello has received numerous inquiries regarding the new real estate laws discussed in our previous blog post. We thank you for your patronage of our blog and for your interest in these exciting new protections for homeowners. Several inquiries have asked for clarification regarding the manner in which the new laws regarding holders […]
New Nevada Laws Relating to Homeowners
Nevada Assembly Bill 273 makes major improvements to Nevada law to protect homeowners by limiting the amount of money a bank can collect after a homeowner loses their home. The law also reduces the time a bank has to file a lawsuit against some homeowners. These protections will greatly improve a homeowner’s opportunity to start […]
Foreclosure Market Still A Problem For Nevada
The foreclosure market continues to comprise the majority of all real estate sales in Nevada. In March, foreclosure resales rose to 57.3% of the entire Las Vegas resale market. 57.3% represents an increase from February of 2011 where foreclosure resales were 56.7%, still a higher increase from 55.5% from a year earlier. Short sales are […]
Reducing Any Potential Deficiency Judgment
One of the main questions our clients have when they receive an approval on a short sale is, “Does it provide a deficiency release?” While this is a fantastic question in that it proves Las Vegans are becoming more aware of their rights and liabilities, the answer we must then give, unfortunately, is not always […]
Renting in Las Vegas: What You NEED to Know
The time when people once waited on a lottery to buy a home is long gone for Las Vegas. While this may be construed as stating the obvious, one thing that our mortgage crisis has spurred and is not often discussed is that we are now a city of renters. Many do not want to […]