Broker Beach Blog

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Real Estate Agent - Keller Williams Realty Group One Inc.
A blog about the Reno/Sparks real estate market, local news and information, technology, and whatever is on my mind.
  Detroit Homes for $1- Homes this cheap used to be the result of an HOA foreclosure that would rip you off because of the remaining first mortgage.   Demand Outpaces Inventory- Nothing new but stas are included from the Builder's Association forecast.   Foreclosure Rate ...
A good read for sellers too. Well, I think I've seen the fastest list to accepted offer scenario?(previous record is 8 hours) that doesn't involve the agent having an inside deal with the buyer and seller prior to listing it. The home came on the market at 4:10 pm yesterday (over $200,000 list). ...
Shadow inventory is the discussion being had in all real estate offices and mortgage data companies. If you've been trying to buy a house or sell one as a traditional sale you know the market conditions. A house goes on the market and is pending in 3 days. Many times for more than the listed pric...
State Attorney General Catherin Cortez Masto has created the "Home Again" program for home owners who have missed payments or are under water and current with their payments. Home Again is using $11.7 million from the National Mortgage Settlement to offer assistance in contacting your lien holder...
Thank you to Ticor Title for the updated foreclosure stats. You can view the stats by clicking the picture to the right. Not much difference from the previous months other than a rise in the Notice of Defaults (first foreclosure filing). This may mean that banks are finally attending to the delin...
The Mortgage Relief Debt Act was renewed through December 31, 2013. Orginally, enacted by President Bush in 2007 the Act let owner occupied home owner's write off the debt in a short sale or principal reduction. You can read more through the following links... For more ...
The Reno/Sparks Association of Realtors sent out their November 2012 market stats this week. A full set of stats can be viewed here, November 2012 Real Estate Market Stats. The important points are listed below along with a video of explanations. For more information on buying or selling in Reno...
Pretty good article in the RGJ today about new negotiations over AB 284. The article can be found here, RGJ Article. While the talks are still preliminary, AG Masto says the bill won't be changed but there may be clarification on "personal knowledge". If you're new to Nevada Real Estate, AB 284 i...
33% Of People Said They Would Get A Mortgage From Wal-Mart- I might if they're willing to keep it instead of selling to Fannie or Freddie. More Short Sales Coming On The Market- Be patient... Most of them will close. Just not quickly.   Strategic Default May Rise In The Near ...
Looks like FHA loans are on their way out. A couple weeks ago I did a post on the new increase in mortgage insurance for FHA due to a $16.3 billion dollar deficit. Read here. The premise was HUD (FHA) is looking to and most likely will increase MIP (mortgage insurance premium) $15-20$ per month f...

Ricky Beach

Reno Broker/Salesperson/Realtor
local_phone(775) 823-8787
smartphone(775) 393-9601
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