Fannie Mae’s new First Look program
As foreclosures increase, the nation’s largest mortgage financier has added 61,929 new REO properties to its inventory in the second quarter. In an effort to step up the unloading of these properties, FANNIE has created its First Look program. See, HomePath.com . The program is aimed at assisting owner-occupied purchasers and public entities with purchasing […]
1/3 of Americans Believe it is OK to Walk Away from Home
A survey by the Pew Research Center found that more than a third – 36 percent – of Americans believe the practice of “walking away” from their mortgage payments and their home is acceptable, at least under certain circumstances. Of the homeowners surveyed, 48 percent say the value of their home declined during the recession. […]
Map and Directions to the Town Hall Meeting THIS Weekend
Don’t miss this weekend’s FREE Town Hall meeting hosted by Prudential Americana features experts from various fields related to the Real Estate market to answer YOUR questions. This meeting will be on September 25, 2010 at 10:00 AM located at Green Valley Ranch, Conference Room La Sirena IV. Please submit any questions you would like to have answered […]
Update on the U.S. Real Estate Market
At the end of August, Lender Processing Services (LPS) reported that mortgages on 4,947,000 properties nationwide were at least 30 days past due but NOT in foreclosure. Of those, 2,374,000 were 90 or more days delinquent. The good news is that the delinquency rate of loans that are 30 days or more past due have […]
Real Estate Town Hall Meeting Official Flyer
Mark your calendars. This FREE Town Hall meeting hosted by Prudential Americana features experts from various fields related to the Real Estate market to answer YOUR questions. This meeting will be on September 25, 2010 at 10:00 AM located at Green Valley Ranch, Conference Room La Sirena IV. Please submit any questions you would like to have answered […]
Tisha Black quoted in the LV Sun
Walking away from a mortgage comes with risks Walking away from a mortgage you can afford won’t be the end of the story By Buck Wargo (contact) Friday, Sept. 3, 2010 | 2 a.m. The news is bad enough that three homeowners out of four in the Las Vegas Valley owe more on their houses than they’re worth. […]
Black & LoBello featured in RJ’s Business Section
BATTLING THROUGH BANKRUPTCY: Chapter 7 not final chapter Filing turns out to be ‘a relief’ for widow Life as Renne Fortier knew it changed in January 2009. Her husband, Mark, was diagnosed with CNS lymphoma, a brain tumor, while he was working in Hawaii. By March, he was gone and she was a 38-year-old widow […]
Fannie Mae to Monitor Loan Servicers
Fannie Mae announced this week that it will begin monitoring all delinquent loans in its portfolios and backed-securities to guarantee that servicers comply with foreclosure time frames. Fannie Mae currently monitors the progress of the foreclosure process by reviewing delinquent loans at the first of the month. If Fannie Mae believes there is a delay […]
Nearly 4 Million Homeowners 60+ Days Late on Mortgages
The phrase “Delinquent Mortgage,” once a foreign concept for many Americans, has now become part of our everyday vernacular. When nearly 4 million homeowners are currently 60 or more days behind on their mortgages, it is actually no surprise that citizens nationwide are buzzing about the housing crisis. That crisis is worse here in Las Vegas […]
Real Estate Issues Addressed @ Town Hall Meeting
Don’t miss the upcoming Town Hall meeting in which Tisha Black, Esq., will address YOUR legal questions about the current Real Estate market. This meeting will be on September 25, 2010 at 10:00 AM located at Green Valley Ranch. Please submit any questions you would like to have answered at this very important meeting through […]