Higher rates of depression linked to mortgage woes-study

2011-10-20T14:30:18Z

(Reuters) - Adults who have fallen behind on mortgage payments exhibited higher rates of depression and are skipping meals and medications because they cannot pay the bills, a study published on Thursday found.

More than 20 percent of adults over age 50 who were delinquent on a mortgage developed elevated depression symptoms compared to 3 percent of non-delinquent peers, the study published in the

THE ELEPHANT IN THE ROOM

2011-10-20T02:33:12Z

No one in the Republican field is talking about the housing crisis

When the Republican presidential field debated economic policy in New Hampshire last week, the word "foreclosure" was uttered once. One time.

And that lone mention by former Utah Gov. Jon Huntsman accompanied no prescription for the crisis that has reache...

Another low ranking

2011-07-06T02:30:36Z

Nevada's business environment takes a punch in new CNBC survey

When glamorous resorts opened on the Strip and housing subdivisions sprouted from the desert, the national and international media swarmed into town in droves, eager to write the latest cover story on the magnificence of Las Vegas. There was more t...

Distressed home sales fall in Q1: RealtyTrac

2011-05-25T21:30:06Z

NEW YORK (Reuters) - Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year, a RealtyTrac report said on Thursday.

Sales of homes owned by banks or in some stage of foreclosure totaled 158,434, ...

Foreclosures fall in April amid paperwork issues

2011-05-11T21:30:09Z

WASHINGTON (Reuters) - The number of Americans who lost their homes to the bank fell in April as faulty paperwork continued to slow foreclosure activity, which fell to a more than three-year low, a closely watched survey said on Thursday.

Banks seized about 69,532 homes in April, down 8.6 percent from March and a drop of more than a third from a year earlier, real estate data firm

U.S. home foreclosures rise in January

2011-02-09T21:30:06Z

NEW YORK (Reuters) - U.S. home foreclosures jumped 12 percent last month, but the sharp divide between states suggests the industry remains backlogged by investigations into the foreclosure process.

According to a report from real estate data firm RealtyTrac, l...

US foreclosures hit record 2.9 mn in 2010: analyst

2011-01-13T04:30:31Z

Banks moved to repossess a record 2.87 million US homes in 2010 as the two-year-old mortgage crisis continued to weigh heavily on the economy, foreclosure specialist RealtyTrac said.

Foreclosures hit 2.23 percent of all housing units in the country, or one out of 45, an increase from 2.21 percent in 2009, RealtyTrac said in its 2010 report.

But the pace of f...

2010 home foreclosures top 1 million for first time

2011-01-12T21:30:05Z

WASHINGTON (Reuters) - Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said on Thursday.

Banks foreclosed on 69,847 properties in December, bringing the year's total to 1.05 million, topping the prior record of 918,000 homes seized in 2...

Report: Tough times far from over for states

2010-12-07T21:30:11Z

Report: Tough budget times are far from over for many states, may last another 3 years

Lawmakers have reduced spending for parks, health care for low-income children and some state-funded medical transplants. Still, the tough times are far from over.

A report by the National Conference of State Legislatures to be released Wednesday s...

October foreclosures fall as processing stalls

2010-11-12T10:00:59Z

WASHINGTON (Reuters) - The number of U.S. homes taken over by banks fell 9 percent in October as foreclosure processing was stalled by questionable paperwork, real estate data company RealtyTrac said on Thursday.

Banks foreclosed on 93,236 properties in October, sharply lower than September's record high ...

AP analysis: Economic stress dips to 16-month low

2010-11-09T03:30:54Z

Economic pain dips to a 16-month low as more regions strengthen, AP stress map shows

The nation's economic stress fell in September to a 16-month low, thanks to more hiring in New England, fewer foreclosures in the mid-Atlantic and declining bankruptcy filings in the Southeast, according to The Associated Press<...

How to Find Las Vegas Homes for Sale

2010-11-30T13:12:24Z

...

US cities the most affected by foreclosures

2010-11-29T15:29:50Z

...

Foreclosure timelines in Nevada

2010-11-29T15:36:33Z

...

Foreclosure and Free Rent

2010-11-29T14:28:59Z

...

Fighting over the foreclosure paperwork

2010-10-26T02:30:35Z

Nevadans in default

Many times a lender's representative shows up at a home foreclosure mediation hearing with the wrong documents, a homeowners' lawyer says. Not true, a banking executive counters: The percentage of foreclosures based on flawed paperwork is virtually nil.

The wide gulf between these observations shows how hard it will be for the Nevada attorney general's office to determine whether ...

For many, gamble lost in once-booming Las Vegas

2010-10-21T22:30:16Z

The rest of her neighbors have seen their homes repossessed by lenders, and she's already behind two months on her mortgage after her husband lost his job with a local construction company.

"I think we may need to move back to Denver," said Howard, 42, who uprooted to Las Vegas in 2005 because jobs were plentiful here then. "This city is not in good shape. Not at all."

Howard lives in the epicenter of America's pr...

Integrity in question

2010-10-21T02:59:58Z

Lenders need to address allegations of flawed foreclosure paperwork

When the housing market heated up in the middle of the past decade, mortgage lenders had no problem finding the time and staffing to issue risky loans to seemingly anyone who walked through their doors. The nation paid a terrible price for this reckless lending with the collapse of the housing market, as Southern Nevadans know all too well. Many homeowners clearly got in over their heads financial...

U.S. September home foreclosures top 100,000 for 1st time

2010-10-13T21:30:29Z

WASHINGTON (Reuters) - The number of U.S. homes taken over by banks topped 100,000 for the first time in September, though foreclosures are expected to slow in coming months as lenders work through questionable paperwork, real estate data company RealtyTrac said on Thursday.

Banks foreclosed on 102,134 pr...

Clean Foreclosure Properties: Why It’s a Lucrative Business Opportunity for Junk Haulers

2010-11-02T18:17:01Z

...

Bank of America halts foreclosures in 50 states

2010-10-11T23:37:40Z

...

A foreclosure mess

2010-10-06T02:16:52Z

Mortgage servicers accused of not verifying foreclosure documents

Anyone who has purchased a home knows full well all of the myriad mortgage documents that must be signed and notarized before getting your loan documents approved, enabling you to get the keys to the house. And, if there is a document missing, no matter how seemingly inconsequential, a bank or title company will stop the loan process dead in its tracks until it is satisfied. That is perfectly unders...

Properties in Foreclosure Typically Sell for 26% Less Than Non-Distressed Homes

2010-10-04T20:40:03Z

...

Nearly one in four second-quarter home sales a foreclosure

2010-09-30T03:15:10Z

NEW YORK (Reuters) - Nearly one in every four U.S. homes sold in the second quarter was a deeply discounted foreclosed house, putting the market on pace to work through distressed properties in about three years, RealtyTrac said.

Banks stepped up foreclosures through the summer and will take over a record...

About 1 in 4 Q2 home sales a foreclosure: report

2010-09-29T21:30:07Z

Banks stepped up foreclosures through the summer and will take over a record...

THE SUN'S MOST READ STORIES*

2010-09-21T15:51:15Z

1. Wynn severs ties with two more nightlife executives. Larry Murphy and Dave Pappas are among five to leave the company in less than three weeks.

2. Car smashes into pizzeria in Summerlin area. Metro Police said the driver accidentally hit the gas pedal instead of the brake and ran into Eastside Pizza, 1000 S. Rampart Blvd.

3. Former fire captain pleads guilty to child sex crime. Mart...

Banks take over record number of homes in August

2010-09-16T01:45:05Z

NEW YORK (Reuters) - A record number of homeowners lost houses to their banks in August as lenders worked through the backlog of distressed mortgages, real estate data company RealtyTrac said on Thursday.

New default notices decreased at the same time, suggesting that lenders managed the flow of troubled loans and for...

Summary Box: Underwater mortgages in US fell in 2Q

2010-08-26T15:30:21Z

Summary Box: Foreclosures thin number of US homes with mortgages higher than property is worth

SLIGHT DECLINE: Real estate data provider CoreLogic says the number of U.S. homes with mortgages that exceed what the properties are worth fell slightly between the second quarter and the first three months of this year. It's the second co...

How do I Stop Foreclosure in Las Vegas?

2010-11-02T14:35:05Z

...

Lending a hand

2010-08-19T02:15:30Z

Obama administration provides more relief for jobless homeowners

When President Barack Obama visited Green Valley High School in February, he announced a new $1.5 billion fund to help jobless homeowners nationwide avoid foreclosure. The announcement was most welcome in Southern Nevada, w...

Nevada's Law on Foreclosure

2010-11-02T14:29:12Z

...

Bank repossessions drive up July foreclosures

2010-08-12T07:45:07Z

NEW YORK (Reuters) - More Americans fell into foreclosure in July as a sour job market kept them from making payments, and banks took over homes at a near record pace.

Banks repossessed the second highest monthly number of homes ever last month, working through distressed loans already on their books rather than sharply stepping up new default notices, real estate data company At a glance, state foreclosure rates from January through June

Here is a list of foreclosure rates, by state, from January through June. The ratio shows, for example, that one out of every 17 households in Nevada received a foreclosure notice during this period.

Rate

State

Ratio of foreclosures to
Total properties

rank

households in state

with fili...

Will April 2010 be remembered as the month the foreclosure tide receded? ? ForeclosureConnections

2010-10-06T00:27:29Z

There is a light at the end of the foreclosure tunnel
New foreclosure activity is down 9%
The backlog's clearing as less new business hits the in-trays

America's foreclosure analysts are in agreement that the rate of foreclosures is leveling out across the country, but will not be declining soon.
One leading online analyst has reported that foreclosures were 9% down in April compared to March across the States, adding that this was the clearest ...

The Mortgage Problem?Where Did It Go?

2010-10-14T08:04:02Z

Seems like this time last year all we heard about from our neighbors and the evening news was the problems associated with the U.S. housing market and how would we ever be able to cope. Well, the mortgage/housing talk seems to have died down but the situation still exists and the question of how we might cope with this problem is still very real.

Sure, foreclosures seemed to have relaxed a bit but there's probably a very good reason for that ? stalling tactics by homeowners. When the...

US home foreclosures drop first time in four years

2010-06-16T11:17:24Z

US home foreclosures have dropped for the first time in four years as the economy recovered from a brutal recession triggered by a mortgage meltdown, a real estate data company said Thursday.

Foreclosure filings -- default notices, auctions and bank repossessions -- were reported on 333,837 properties in April, a nine percent decrease from the previous month and a two percent decrease from last year, RealtyTrac said.

...

April foreclosures ebb, suggesting high plateau

2010-06-16T11:17:22Z

NEW YORK (Reuters) - Foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.

No meaningful improvement is likely this year, however, with mortgage modifications and high unemployment only delaying the ...

Foreclosures Keep Inching Up

2010-10-25T14:26:15Z

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Is a Double-Dip Recession Written Between the Lines of Housing Reports?

2010-10-25T12:28:23Z

...

Foreclosure rates up by smallest amount in 4 years

2010-06-16T11:09:14Z

Foreclosures rise 6 percent in February, smallest yearly increase in 4 years

The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.

RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from a year ago, the smallest annual increase in four years. On the...

Nevada Housing: More Reasons for Pessimism

2010-10-25T07:54:48Z

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Job Loss Is The Primary Reason Behind Foreclosures

2010-10-05T20:10:17Z

The US economy is on a tailspin. Unemployment is at its peak of around 10 per cent. As people lose jobs, even those with sound credit history are faltering on mortgage payments. Hence,

Programs in Nevada for Foreclosure Victims

2010-10-25T04:47:19Z
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Record year for foreclosures as unemployment rises

2010-06-16T11:26:08Z

A record 2.8 million home receive foreclosure notice in 2009; December rate spikes
A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.
The number of households that received a foreclosure-related notice rose 21 percent from 2008, RealtyTrac Inc. repo...

Even the kitchen sink

2010-06-15T09:09:44Z

People facing foreclosure legally stripping their soon-to-be former homes
The foreclosure crisis in Nevada has led to a rash of what lenders and real estate agents call vandalism. People are taking everything — tiles, electrical fixtures, bathtubs, wiring and, yes, even kitchen sinks — down to the drywall.
That may sound like a crime, but it isnÕt in Nevada if the soon-to-be former owner is the...

Getting banks to act

2010-06-15T09:10:32Z

Financial institutions slow to provide homeowners help with mortgages
Mortgage companies and investment banks made huge profits as the economy, fueled by the housing boom, soared to new heights. When the market went sour, in part because of banksÕ lax lending standards, Congress gave many of the biggest companies billions of dollars because they were Òtoo big to fail.Ó
Despite the bailout money and the prodding of the federal government, lenders have been r...

Borrowers with modified loans falling into trouble

2010-06-15T09:11:50Z

Report says homeowners whose loan payments are cut by 20 percent or more still falling behind
One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year.
When borrowers get into financial trouble, lenders have several ways to help. They can offer grace periods, longer repayment schedules, lower interest rates or reduced balances.
But ne...

Foreclosure filings fall 8 percent in November

2010-06-15T09:13:20Z

Foreclosure filings back off in Nov. for 4th straight month as borrowers evaluated for help
The number of homeowners on the brink of foreclosure fell in November, the fourth straight monthly decline, as mortgage companies evaluated whether borrowers were eligible for help.
Nearly 307,000 households, or one in every 417 homes, received a foreclosure-related notice in November, down 8 percent from a month earlier, US facing weak recovery, further threats from joblessness, foreclosures, AP stress map shows
Now that the Great Recession appears over, the economy looks to be entering a Rocky Recovery, in which much of the nation will continue to struggle well into 2010.
The Associated Press' monthly analysis of economic stress in more than 3,100 U....

Relief for homeowners

2010-06-15T09:14:08Z

Obama team makes smart revisions to mortgage modification program
An announcement Monday by the Obama administration that it would do more to help struggling homeowners obtain affordable mortgages could not have come at a better time for Southern Nevadans who are finding it increasingly difficult to stay in their homes.
Steve Green, reporting for

Foreclosures hitting more people with good credit

2010-06-15T09:17:05Z

Foreclosure crisis weighs on economy as more people with good credit risk losing homes
The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery.
The latest evidence was a report Thursday that a rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure. That's a shift from l...

A report worth reading

2010-06-15T09:17:32Z

Think tank identifies reasons it will be tough to shake off economic problems
It came as little surprise Wednesday when a respected Washington public policy think tank included Nevada in a report on the 10 states facing the deepest financial peril. Everyone knows Nevada is strapped with high unemployment and home foreclosure rates, coupled with sharply increa...

Foreclosures dip 3 pct. in October from September

2010-06-15T09:18:09Z

Foreclosures back off in October for 3rd straight month, but unemployment could derail trend
The number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure prevention programs helped more borrowers.
But foreclosure filings are still up 19 percent from a year ago, RealtyTrac Inc. said Thursday, and rising job losses continue to thre...

Cytec shares fall; Goldman cites industry troubles

2010-06-15T09:18:12Z

Cytec falls; Goldman recommends selling on 'bleak' industry outlook; uncertain Europe economy
California's ongoing fiscal crisis has attracted national attention, but a study warns that nine other states are barreling toward similar economic disaster.
A report released Wednesday by the Pew...

How Long Does Foreclosure Take?

2010-09-08T22:05:30Z

In Foreclosure

Power of Sale Foreclosure vs. Judicial Foreclosure, how fast can the bank foreclose?

First of all, most lenders will not begin foreclosure proceedings until a borrower is 3-6 months behind on their payments. Although missing a single payment is a default under the terms of most loan documents, lenders have neither the time nor the desire to foreclose on borrowers who have missed one payment. The process will be initiated when it becomes clear that the de...

Jobless Recovery: Few Winners, Many Losers

2010-10-22T07:30:14Z
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Housing Is Moving Towards Disaster

2010-10-22T07:30:01Z
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By the Numbers: Foreclosure filings rose in 3rd quarter

2010-10-26T23:19:54Z
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US ECON: Q3 Foreclosure Rate Up 5% to Record High

2010-10-22T07:47:32Z
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Foreclosure filings dip from July to August

2010-06-15T09:28:41Z

Foreclosure filings drop slightly from July to August, but still up 18 percent from last year
The number of U.S. households threatened with losing their homes held steady last month, a sign that lenders' efforts to help distressed borrowers may be having a gradual impact.
But one month does not make a trend.
More than 358,000 foreclosure-related filings were recorded in August, meaning one in 35...

US home foreclosures show dip in August

2010-06-15T09:28:35Z

US home foreclosures fell slightly in August from record highs, according to a survey Thursday showing ongoing pressures in the ailing housing sector.
Home mortgages in the foreclosure process totaled 358,471 in August, less than 1.0 percent lower than the record in July, the research firm RealtyTrac's survey showed.
Foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were up 18 per...

Mortgage delinquencies hit record high in Q2

2010-06-15T09:31:09Z

Delinquencies and foreclosures set record in 2nd quarter, as more homeowners lose their jobs
With the recession throwing thousands of people out of work daily, more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure.
The record-high numbers released Thursday by the Mortgage Bankers Association are being driven...

By the Numbers: U.S. foreclosure rate hits new high, says RealtyTrac

2010-10-26T20:47:56Z
...

U.S. home foreclosures set another record in July

2010-06-15T09:32:26Z

NEW YORK (Reuters) - U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.
Foreclosure activity jumped 7 percent in July from June and 32 percent from a year earlier as one in every 355 households with a loan got a foreclosure filing, Nevadan says goal is to identify lenders that are helpful — or not
BY THE NUMBERS
1.4 million
Total requests for loan modifications since March
400,000
Total offers extended for loan
modifications
230,000
Total trial loan modifications
under way
ÒIt is important that we know
which servicers
are doing their part to help Nevada
and which s...

Unemployment spreads distress in U.S. home loans

2010-06-15T09:34:29Z

NEW YORK (Reuters) - Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread,

RealtyTrac: Q2 Foreclosure Activity Highest on Record

2010-10-22T07:18:09Z
...

With little data, panel plans talk on foreclosures and minorities

2010-06-15T09:41:36Z

Panelists at tonightÕs town-hall meeting on how the foreclosure crisis affects minorities in the valley are handicapped by a lack of research on the topic.
According to its hosts, public radio stations KNPR 88.9-FM and KCEP 88.1-FM, the event is meant to address Òhow ethnic minorities have disproportionately been affectedÓ by foreclosures in the region.
But panelists and others said they couldnÕt point to any research that details that effect. They said the region needs more...

What's Receding in The Recession?

2010-10-08T15:27:45Z

Nationwide almost 804,000 homes received foreclosure-related notices from January to March 2009. That?s up from about 650,000 for the same period last year. According to a report by Realty Trac Inc covering the first quarter of 2009, the 26 cities with the highest foreclosure rates are in 4 states ? California, Florida, Arizona and Nevada. Although Las Vegas, Nevada; Merced, California; and the Cape Coral-Fort Meyers area in Florida topped the foreclosure list, Boise City, Idaho was 27th and ...

WhoÕs holding your note?

2010-06-15T09:42:51Z

Homeowners facing foreclosure may have a new friend on their side, if theyÕre willing to pay for it — a judge.
A new state law, signed by Gov. Jim Gibbons and which takes effect in July, allows homeowner-occupants facing foreclosure to demand a sit-down mediation with lenders, overseen by a retired judge or an attorney.
ItÕll cost homeowners up to $200, but it might help them save their homes.
At the least...

U.S. foreclosures jump to record high

2010-06-15T09:46:25Z

NEW YORK (Reuters) - U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said on Wednesday.
One in every 374 households with mortgages got a foreclosure filing in April, the highe...

RealtyTrac: April foreclosures rise 32 percent

2010-06-15T09:46:26Z

April foreclosures rise 32 percent, with more bank reposessions likely to come
The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the...

US foreclosures hit record high for second month

2010-06-15T09:46:25Z

US home foreclosures reached a record pace in April for the second consecutive month, underscoring the deepening crisis in the housing market, private data showed Wednesday.
Foreclosure filings, which includes home-loan default notices, auction sale notices and bank repossessions, were reported on 342,038 US homes in April, said RealtyTrac, an online firm special...

U.S. foreclosure filings sets record in April, seen jumping

2010-06-15T09:46:32Z

NEW YORK (Reuters) - U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said on Wednesday.
One in every 374 households with mortgages got a foreclosure filing in April, the highe...

Worst foreclosure rates found in 4 states

2010-06-16T10:27:25Z

Report finds Calif, Fla., Ariz. Nevada have 26 cities with worst foreclosure rates
The 26 U.S. cities with the worst foreclosure problems are concentrated in four states — California, Florida, Arizona and Nevada,...

Fighting the foreclosers

2010-06-16T10:38:38Z

Ian Hirsch has built a growing business by helping borrowers in distress hang on to their homes
Ian Hirsch is just getting warmed up. He turns on the speakerphone and a Cheshire cat grin crosses his face at a point when most people would slam down the phone in disgust.
He is unleashing a mix of hectoring and schmoozing, slowly but definitely bending back a huge, faceless company’s resistance to making it easier for a 71-year-old widow to live out h...

Local banks gird for 2nd foreclosure wave

2010-06-16T10:38:39Z

Southern Nevada’s housing collapse likely to give way to commercial nose-dive
Banks across the country have been battered by plummeting real estate values and skyrocketing foreclosures, and Southern Nevada-based banks have had it worse than most.
With commercial real estate loans looming as foreclosure candidates, industry experts warn Southern Nevada-based banks are about to be hit with the second of a ...

How to Defend Foreclosure in Nevada?

2010-10-06T09:34:18Z

Defending Wrongful Foreclosure Actions in Nevada

[Attorney Malik Ahmad is a Nevada Licensed attorney and anything here is not a substitute for qualified legal advice. This article is just an attempt to educate people and their issues.]

Foreclosures in Nevada are on the rise, and our law office is contacted everyday by people from all walks of life inquiring about how to stop foreclosure and other foreclosure related questions. It is a complex ...

February's Top 10 Foreclosure States

2010-10-21T09:54:05Z
...

Cons working foreclosure scams rarely go to jail

2010-06-16T10:45:30Z

Con artists move into wreckage of foreclosure crisis, but unlikely to face jail when caught
They call themselves loan modification consultants, negotiators or specialists. Some are legitimate, but many are simple con artists looking for desperate marks facing foreclosure amid the wreckage of the nation's housing market.
It's a good business, too, since in most states, there's not much of a chance they'll ever end up before a judge facing any time in jail.

A success story

2010-06-16T10:26:41Z

Nevada legislators should do what it takes to save vital consumer health office
Common sense dictates that if a state program must be cut to save money, the best choice would be something that isn’t serving the public well. Don’t eliminate a program that has been a success.
Then again, we’re talking about Gov. Jim Gibbons. Displayi...

Median home prices fell nationwide in 4Q

2010-06-16T10:28:19Z

Median home prices fell in 88 percent of US metropolitan areas in fourth quarter of 2008
Home prices fell in nearly nine out of every 10 U.S. cities in the fourth quarter of last year as low-cost foreclosures flooded the market and the housing market's decline spread nationwide.
The National Association of Real...

Foreclosure In Nevada: Myths & Mysteries

2010-10-06T09:35:29Z

Foreclosure in Nevada?

How, Whys, and Defense?

By

Malik W. Ahmad Attorney at Law

[Malik Ahmad is a licensed attorney and admitted to practice to the Supreme Court of Nevada. Malik Ahmad is a solo practitioner and has his own law office in Las Vegas Nevada. Malik Ahmad is admitted to practice in all the courts in State of Nevada. His areas of practice includes bankruptcy, civil and business litigation as well a...

US foreclosures spike 81 pct in 2008: RealtyTrac

2010-06-16T10:36:32Z

US home foreclosures, the epicenter of the global financial crisis, spiked 81 percent in 2008 despite efforts to slow the "tsunami," a data tracking firm said Thursday.
National foreclosure filings -- default notices, auction sale notices and bank repossessions -- totaled 3.16 million and were reported on 2.33 million properties last year, said RealtyTrac, an New foreclosure filings fall to lowest level since June
The number of American homeowners dragged into the housing crisis fell last month to the lowest level since June as new state laws lengthened the foreclosure process, RealtyTrac reported Thursday.
"We're going to have a pretty significant spike in January," said Rick Sharga, RealtyTrac's v...

Foreclosure rates up 25 percent year-over-year

2010-06-16T10:26:28Z

Nation's foreclosure rate in October increases 25 percent year-over-year, with Nevada on top
The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed.
More than 279,500 U.S. homes received at least one foreclosure-related notice in October, an increase of 5 pe...

Buying a Foreclosed Home Isn't Easy in Today's Market

2010-10-23T18:48:36Z
...

US home foreclosures fall 12 pct in September

2010-06-16T10:48:34Z

US home foreclosure activity fell 12 percent in September from August, after two consecutive months of increases in a severe housing slump, a private research group said Thursday.
But on a 12-month basis, foreclosure filings, including default, auction sale notices and bank repossessions, spiked 21 percent higher, the California-based research group RealtyTrac said.<...

Federal money might help fill valley’s empty houses

2010-06-15T09:56:43Z

Cities, Clark County could buy, resell foreclosed homes in blighted neighborhoods
Nevada housing officials are plotting this week how to spend $72 million in federal funding to resuscitate neighborhoods blighted by foreclosures.
The money might seem but a morsel of help in comparison with the $700 billion bailout package to rescue the financial industry that ...

RealtyTrac: 25% Of 2008 Home Sales Will Be Foreclosures [Housing Tracker]

2010-10-21T09:06:13Z
...

New help coming for some in dire straits

2010-06-15T09:59:49Z

North Las Vegas to offer workshop aimed at residents
Some of the fliers circulating in North Las Vegas this week invite residents to the city’s annual hot-air balloon festival, BalloonaPalooza.
Other fliers address an issue that’s more of a downer.
The handouts invite residents to a seven-hour workshop dealing with the foreclosure crisis.
Delinquencies, foreclosures rise to more than 9 percent of US home loans in second quarter
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
The Mortgage Bankers As...

Shoe Tree

2011-01-04T15:32:11Z
FILE - In this Aug. 27, 1998 file photo, shoes hang from the landmark "shoe tree," located on U.S. 50 in Nevada, about 125 miles east of Reno. Authorities say vandals have cut down the 70-foot cottonwood near Middlegate late Thursday Dec. 30, 2010 or early Friday. Fresh sawdust was found on the snow. (AP Photo/Senate Majority Leader Harry Reid of Nev. is seen in his office on Capitol Hill in Washington. Eager to show who's now in charge, the House's new Republican majority plans to vote to repeal Pr...

Tax Cuts

2010-12-16T20:31:53Z
Senate Majority Leader Harry Reid of Nev., center, walks to a news conference on Capitol Hill in Washington Thursday, Dec. 16, 2010. (AP Photo/Alex Brandon)
Copyright 2010 AP News

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Congress Democrats

2010-12-08T15:03:14Z
Senate Majority Leader Sen. Harry Reid of Nev. talks on the phone as he walks to their Senate Democratic caucus on Capitol Hill in Washington Wednesday, Dec. 8, 2010. (AP Photo/Alex Brandon)
Copyright 2010 AP News

Nevada Louisiana Tech Football

2010-12-04T17:32:12Z
Nevada players celebrates after beating Louisiana Tech 35-17 in an NCAA college football game in Ruston, La., Saturday, Dec. 4, 2010. Nevada won a share of the Western Athletic Confer...

News on Nevada

Special report: The watchdogs that didn't bark

Helping homeowners

Higher rates of depression linked to mortgage woes-study

THE ELEPHANT IN THE ROOM

Another low ranking

Distressed home sales fall in Q1: RealtyTrac

Foreclosures fall in April amid paperwork issues

U.S. home foreclosures rise in January

US foreclosures hit record 2.9 mn in 2010: analyst

2010 home foreclosures top 1 million for first time

Report: Tough times far from over for states

October foreclosures fall as processing stalls

AP analysis: Economic stress dips to 16-month low

How to Find Las Vegas Homes for Sale

US cities the most affected by foreclosures

Foreclosure timelines in Nevada

Foreclosure and Free Rent

Fighting over the foreclosure paperwork

For many, gamble lost in once-booming Las Vegas

Integrity in question

U.S. September home foreclosures top 100,000 for 1st time

Clean Foreclosure Properties: Why It’s a Lucrative Business Opportunity for Junk Haulers

Bank of America halts foreclosures in 50 states

A foreclosure mess

Properties in Foreclosure Typically Sell for 26% Less Than Non-Distressed Homes

Nearly one in four second-quarter home sales a foreclosure

About 1 in 4 Q2 home sales a foreclosure: report

THE SUN'S MOST READ STORIES*

Banks take over record number of homes in August

Summary Box: Underwater mortgages in US fell in 2Q

How do I Stop Foreclosure in Las Vegas?

Lending a hand

Nevada's Law on Foreclosure

Bank repossessions drive up July foreclosures

Will April 2010 be remembered as the month the foreclosure tide receded? ? ForeclosureConnections

The Mortgage Problem?Where Did It Go?

US home foreclosures drop first time in four years

April foreclosures ebb, suggesting high plateau

Foreclosures Keep Inching Up

Is a Double-Dip Recession Written Between the Lines of Housing Reports?

Foreclosure rates up by smallest amount in 4 years

Nevada Housing: More Reasons for Pessimism

Job Loss Is The Primary Reason Behind Foreclosures

Programs in Nevada for Foreclosure Victims

Record year for foreclosures as unemployment rises

Even the kitchen sink

Getting banks to act

Borrowers with modified loans falling into trouble

Foreclosure filings fall 8 percent in November

Relief for homeowners

Foreclosures hitting more people with good credit

A report worth reading

Foreclosures dip 3 pct. in October from September

Cytec shares fall; Goldman cites industry troubles

How Long Does Foreclosure Take?

Jobless Recovery: Few Winners, Many Losers

Housing Is Moving Towards Disaster

By the Numbers: Foreclosure filings rose in 3rd quarter

US ECON: Q3 Foreclosure Rate Up 5% to Record High

Foreclosure filings dip from July to August

US home foreclosures show dip in August

Mortgage delinquencies hit record high in Q2

By the Numbers: U.S. foreclosure rate hits new high, says RealtyTrac

U.S. home foreclosures set another record in July

Unemployment spreads distress in U.S. home loans

RealtyTrac: Q2 Foreclosure Activity Highest on Record

With little data, panel plans talk on foreclosures and minorities

What's Receding in The Recession?

WhoÕs holding your note?

U.S. foreclosures jump to record high

RealtyTrac: April foreclosures rise 32 percent

US foreclosures hit record high for second month

U.S. foreclosure filings sets record in April, seen jumping

Worst foreclosure rates found in 4 states

Fighting the foreclosers

Local banks gird for 2nd foreclosure wave

How to Defend Foreclosure in Nevada?

February's Top 10 Foreclosure States

Cons working foreclosure scams rarely go to jail