Category: Nevada

Nevada housing market

Former Police Officers in Group of 26 Pleading Guilty in Fraud Scheme

By Mike Colpitts Four retired Las Vegas police officers and two real estate agents are among a group of 26 people who have pled guilty to federal charges related to a major fraud scheme involving a dozen Nevada condominium complexes. Federal prosecutors say the conspiracy was bank rolled with more than $8 million funneled through… Continue reading Former Police Officers in Group of 26 Pleading Guilty in Fraud Scheme

States Rip Off Foreclosure Victims

By Mike Colpitts Almost $1-billion targeted to victims of banking foreclosure fraud is being ripped off from foreclosure victims to be used to pay for other programs for states facing serious financial deficits. The nation’s largest five banks agreed to pay a $25 billion settlement as part of their agreement to settle allegations of illegal… Continue reading States Rip Off Foreclosure Victims

Company Beating Thieves to Homes

By Ryan Jackson An innovative company is beating thieves by preventing vacant homes from being ripped-off with sophisticated technology plus gaining a foothold in the security business as it uses the advanced technologies its developed to secure homes. VPS entered the Las Vegas housing market to sell its services since the region is regarded as… Continue reading Company Beating Thieves to Homes

More Than Half of Homeowners Can’t Move

More than half of all homeowners with a mortgage are unable to move or make a change in their housing situation as a direct result of being underwater on a mortgage, according to a new Housing Predictor survey. Some 54% of those surveyed online said they were halted from making a move. The other 46%… Continue reading More Than Half of Homeowners Can’t Move

Appreciation Forecast Tops 100+ U.S. Cities

For the first time in six years, more than 100 U.S. cities are forecast to experience housing appreciation by the end of the year. After strong evidence of growing economic recovery developed in North Carolina and Utah housing markets, the number of U.S. cities projected to inflate in home values hit 105. Driven by near… Continue reading Appreciation Forecast Tops 100+ U.S. Cities

Homeowners Cash Pay Offs Gain Momentum

By Ryan Jackson In a move to improve bank balance sheets and increase their profits, banks are offering cash incentives to homeowners in default on their mortgages to entice them to make short sales on their homes. The effort is gaining momentum with an onslaught of banks and private mortgage companies as bankers offer as… Continue reading Homeowners Cash Pay Offs Gain Momentum

Housing Peaks at 60% Deflation

By Ryan Jackson Nevada has led the U.S. in foreclosures for more than five years straight and it has also suffered the highest loss in average housing deflation, according to an audit conducted by Housing Predictor. With Las Vegas at the center of action, Sin City has sustained 62 months as the nation’s foreclosure capital… Continue reading Housing Peaks at 60% Deflation

Mediation Can Save Homeowners from Foreclosure

By Kevin Chiu Millions of homeowners at risk of foreclosure can be saved from losing their homes through mediation, according to a new report issued by the non-profit National Consumer Law Center. The report reviewed existing foreclosure programs in 19 states to come up with recommendations for states to adopt. Programs the organization feels are… Continue reading Mediation Can Save Homeowners from Foreclosure