Michelle's Blog

It seems as if there are no good choices anymore when it comes to the housing crisis in general and Las Vegas foreclosures specifically. Here in Southern Nevada where the problem has consistently been the worst in the country for years, a new state law just took effect that is sure to slow the fo...

National real estate web portal Trulia has just released their bi-annual survey that takes the temperature of the American public on the subject of home ownership as a component of overall life goals. The results show just how resilient and hopeful for the future the American consumer is in the f...

Whenever a highly difficult or contentious process moves into the courtroom you can be sure that a bad situation is about to get even more complicated. Don't look now, but both here in Nevada and nationwide, that appears to be exactly where we are headed. The attorney general of Nevada has comple...

The Michelle Sterling Las Vegas Real Estate Team happened to have a meeting scheduled last Monday afternoon, which was the first trading day in the U.S. financial markets after the S&P downgrade. The DJIA had closed down over 500 points just an hour before and the mood around the conference table...

What seems to get lost in most media coverage concerning the foreclosure "robo-signer" scandal is the central fact that the circumstances surrounding the issue apply to 23 states specifically. The process by which lenders are permitted to properly and legitimately foreclose on homes is governed b...

The balance of power in the ongoing foreclosure scandal has clearly shifted to the collaborative 50-state investigation being lead by Iowa's top law enforcement official Tom Miller. The state attorneys general are now in the drivers seat and the the money center banks have clearly taken notice. R...

In my last post I talked about the message coming out of the White House concerning the foreclosure freeze and how the administration was making the case for caution in terms of a draconian nationwide halt beyond the 23 judicial states. We are now seeing more evidence of this intention to shift ...

It was another eventful week for the foreclosure market nationwide as the action bounced back and forth between the State Attorneys General and Washington D.C. Before we get into the gritty details, it is worth noting that REOs clocked-in at a new record high in September (and the third quarter)...

Nevada is a non judicial foreclosure state, so any short cuts or short comings (or worse) that make up this increasingly sordid scandal for Bank of America, JP Morgan Chase and the like, are highly unlikely to cause a freeze in our own processing pipeline. Just to be clear, non-judicial foreclosu...

  Even though Nevada where The Michelle Sterling Las Vegas Real Estate Team is based, is not one of the 23 "judicial states" where foreclosures have been halted due to "robo signers", this rapidly developing storm seems to have the potential to effect the foreclosure market nationwide in ways th...