What can I expect if I start missing my mortgage payments?

Q: What can I expect if I start missing my mortgage payments? A: The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. … Continue reading

Unmanageable Debt

Unmanageable debt is a sign of the times! Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. But upheaval on Wall Street, … Continue reading

Nevada Association of Realtors to produce State Foreclosure Crisis Report

Via: LAS VEGAS REVIEW-JOURNAL April 5, 2012 The Nevada Association of Realtors has received an $86,000 grant from the National Association of Realtors to produce its next “Face of Foreclosure” report on the state’s foreclosure crisis. The report has been … Continue reading

Las Vegas New Homes Sales/Prices Gloomy

Via LAS VEGAS REVIEW-JOURNAL Posted: Feb. 21, 2012 | 2:01 a.m. Rising optimism among national home builders has yet to spread to Las Vegas, where new-home sales totaled just 216 in January, down from 237 in the same month a … Continue reading

Bank of America experiments with Deed in Lease

Via LAS REVIEW-JOURNAL Posted: Mar. 23, 2012 Bank of America has mailed invitations to nearly 1,000 customers at risk of foreclosure in Nevada, Arizona and New York to participate in a mortgage-to-lease pilot program, a spokeswoman for the bank said … Continue reading

What benefits are there for me with the Robo-signing Settlement?

The Robo-signing Settlement is the second largest settlement in history and it can save you from foreclosure. The news has been abuzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. … Continue reading

How does a Short Sale Work? (Video)

VIDEO Tania Michaels is a CDPE Las Vegas short sale specialist.

Robo Signing Settlement

If you know someone who’s property was foreclosed between Jan. 1, 2008 and Dec. 31, 2011, they may have been subjected to fraudulent practices. Folks are sending in letters (like the one below) to their state Attorney General with their … Continue reading

Historic Robo-Signing Settlement is Not Without Controversy

On February 9thth, the United States Justice Department released the details of a $25 billion dollar settlement they reached with 5 major banks. The settlement occurred because the banks were accused of widespread use of “Robo-signing.” Robo-signing is a practice … Continue reading

Can you do a short sale or modification on an investment property?

Question:  I want to short sale my rental property but I’ve heard the bank won’t approve a short sale on an investment property.  Is that true? Answer: You can do a short sale on an investment property.  Owner occupied property … Continue reading