CARSON CITY — A key Nevada Senate panel voted unanimously Friday for a bill that would help homeowners win court judgments for personal property damaged or sold during improper foreclosure proceedings.
Housing
Business has been good for Harley Marks and Greg Ozuna, two former car salesmen who started American Home Services in Las Vegas a few months ago to clean out foreclosed homes.
Las Vegas home sales more than doubled in February from the same month a year ago, although median home prices continue to sink as foreclosures dominate the market, the Greater Las Vegas Association of Realtors reported Tuesday.
Millions of Americans burdened with negative home equity are losing faith in the talk they hear coming from Washington, D.C., about loan modification. They just don’t see it happening.
Henderson Constable Earl Mitchell pounds on the front door of a foreclosed home that three years ago sold for more than a half million dollars.
WASHINGTON — The House last week passed a housing aid bill that would allow bankruptcy judges to adjust the mortgages of financially stressed homeowners.
Construction has stopped on a portion of the Cosmopolitan’s west tower while some floors go through a redesign, sources familiar with the project said.
CARSON CITY — Proponents of a renters’ rights measure said Friday that landlords in Nevada can move too quickly against slow-paying tenants, and lawmakers should change that by allowing more time for renters to catch up on what they owe.
The number of residential mortgage loans in Nevada that are either delinquent or in foreclosure reached 18 percent in the fourth quarter of last year, second only to Florida’s 20 percent rate, the Mortgage Bankers Association reported Thursday.
A chorus of almost 6,000 property owners have chanted the same mantra all month: Lower our taxes.
Home prices will decline another 5 percent to 10 percent in Las Vegas this year, but sales volume will turn around in 2010 and structural demand for 23,500 new homes will be reached by 2011, a real estate analyst said Wednesday.
Las Vegas will lead the nation’s housing market recovery, probably starting in the second half of the year, the chief economist for the National Association of Realtors said Monday.
CARSON CITY — A conservative watchdog organization contended Monday that Assembly Speaker Barbara Buckley’s bill to reduce foreclosures will lead to lenders charging higher interest rates, pricing more people out of homes.
There was a time a few years ago when you could throw a dart at a ZIP code map of the Las Vegas Valley and be guaranteed to hit an area where home values are going up.
NEW YORK — Banks got bailed out. So did automakers. So why not struggling homeowners?
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