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Reno / Sparks Real Estate Market Snapshot
Last Updated on Friday, 11 May 2012 11:44 Written by Robert Friday, 11 May 2012 11:37
The Reno / Sparks real estate market is red hot right now! That's right – you read this correctly. Not in terms of value appreciation (although there are a few pockets that are seeing some increase in value) but in terms of Buyer activity and interest. Lack of inventory, affordable pricing, appealing interest rates and seasonal interest spike are all contributing factors. Multiple offers on any well priced property in decent condition is the norm right now.AB284 Drastically Reduces Lenders Ability to Foreclose
Written by Robert
A bill recently passed by the Nevada Legislature, known as AB284, was designed to combat foreclosure abuses such as "robo-signing". The effect of this bill is already being seen in Washoe County. Notice of Defaults and Notice of Sale recordings are drastically down for the Months of October and November. Primarily due to the fact that the Lender must now file an affidavit concurrent with the Notice of Default in which the person signing for the bank must have "personal knowledge" of the property...merely having documentary evidence on the property is not enough.
Read more: AB284 Drastically Reduces Lenders Ability to Foreclose
