GreenNV's Page

The operating company of the Cal Neva Resort, Spa & Casino, NAMCAL LLC, just received a NOD on their $25,000,000 deed of trust from November 2007. There have been a lot of mechanic’s liens filed by contractors and consultants for the last year or so.

So what are you plugged in locals hearing about this? Is this a real estate issue or gaming property in distress?

This just went up at Reno Realty Bog. I'm interested in your responses,input, and comments here at ChaseNation:



I’m not quite ready to say that the "sub-prime crisis" is over, but the majority of these loans were 2/28s and most have been flushed out of the system. The early resetting sub-prime loans recast at death interest rates due LIBOR abnomally high rates, which have since subsided. Late sub-primes (and early 5/25 Prime and Alt A) loans are resetting at rates pretty near their… Continue

...on keeping ChaseNation from being so sucky:



- Don't just post a blog to post a blog. Have something meaningful to say.



-- Respond. RRB has had more comments posted the last few days than CN has seen since its inception. Where are you guys and gals?



- Be open for discussion. That's what this site is about, right? You won't always be right, but so what?



- Stop screening and deleting comments on your posts. If you don't want input, good or bad, then… Continue

The March sales numbers from the Center for Regional Studies finally got released today, and some very interesting (and disturbing, if you are a seller) trends are emerging. 55% of all resale SFR’s and condos recorded by the Assessor’s office were REO’s county wide. In both January and February, 35% of recorded sales were REO’s.



Using Guy Johnson's "Special Conditions of Sales" figures, REO’s representing roughly only 10% of the MLS listings are accounting for 55% of actual resales.… Continue

I'm curious what those of you in the biz are doing. Are you confident enough of the bottom that you are jumping in and buying? Still on the fence? Are you listing your home(s) to balance your portfolio or cash out / cut your losses?

Just trying to figure out what the professionals are up to.