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5 result(s) displayed (1 - 5):

July 19, 2011

Las Vegas Real Estate Market

For years the Last Vegas real estate market offered some of the most desired properties in the country. Everyone was ready to gamble in Sin City in hope of striking it rich. Today, Clark County Nevada has nearly turned into a ghost town with thousands of foreclosure properties sitting vacant.

There are signs the Las Vegas real estate market is heading toward recovery. In June, the Las Vegas Review-Journal reported foreclosure filings declined by 12.9 percent in May. Additionally, banks canceled 1,931 sales which was a 36.7 percent decrease from April. The report wasn't clear on whether canceled sales were the result of loan modifications, short sales, or deed in lieu of foreclosure.

Real Estate Investing article on "Las Vegas Real Estate Market "

May 21, 2011

Mortgage Standards Reform

A mortgage standards reform proposal was recently released by the Federal Reserve as the government attempts to curb abuses that have contributed to the mortgage crisis. The rule would further tighten lending criteria to ensure borrowers are capable of repaying their housing debt. It would also require buyers to provide a minimum 20-percent down payment when buying real estate.

The mortgage standards reform redefines a qualified mortgage and includes an 8-point checklist which holds mortgage providers accountable for investment decisions. The new rule takes effect later this year and will be governed by the Consumer Financial Protection Bureau.

Real Estate Investing article on "Mortgage Standards Reform "

May 02, 2011

Improper Foreclosure

Improper foreclosure is something you'll be hearing about a lot. The media is abuzz over bank regulators launching a plan to provide monetary compensation to homeowners whose homes were illegally seized.

Improper foreclosure occurs when banks do not have proper mortgage assignment documents. In recent weeks, much has been publicized about mortgage lenders hiring robo-signers to forge signatures on loan documents; allowing banks to foreclose via fraudulent means.

Real Estate Investing article on "Improper Foreclosure"

April 26, 2011

ForeclosureGate

ForeclosureGate is the latest term being used to describe the mortgage fiasco. In recent weeks, numerous reports have surfaced claiming banks are responsible for the chaos and that things will only get worse for American homeowners.

ForeclosureGate seems an appropriate term considering the level of cover-up, lies and deceit which are being brought to light. An investigation into the mortgage debacle began in October 2010 after Attorney Generals from all 50 states demanded answers.

Last week, the Office of the Comptroller of the Currency, along with the Federal Reserve completed their investigation. The report claims over $535 billion in real estate mortgages may require foreclosure review due to fraudulent loan documents.

Real Estate Investing article on "ForeclosureGate"

April 20, 2011

Improper Foreclosure

Improper foreclosure has become the latest buzzword within the real estate industry. It has come to the forefront based on an investigation by the Federal Reserve after Attorney Generals offices from all 50 states formed a committee to review bank foreclosure practices.

The Feds investigation of improper foreclosure has resulted in a mandate that will require at least 17 major mortgage lenders to provide monetary compensation to homeowners illegally forced from their home.

On April 13, 2011, Federal Reserve Chairman, Ben Bernanke released a report stating "banks policies, procedures, and internal controls related to foreclosures" were under scrutiny. The Fed also claims they are ordering banks to conduct audits to assess the number of homeowners who may have been able to avoid foreclosure during 2009 and 2010.

Real Estate Investing article on "Improper Foreclosure "