ChaseNation

Voice of Reno-Tahoe Real Estate

September 2009 Blog Posts (13)

Good Funds Law

It is best that we advise clients to wire funds to title. We need our escrow officers to calculate and distribute the settlement statements within 24 hours of receiving documents. This should ensure the buyers have enough time to get their wire ordered. In most cases, the wire will reach the destination with 24 hours of the request.



Effective October 1, 2009, the State of Nevada has enacted a “Good Funds” law. The law states that for escrow to close the buyer’s closing funds must… Continue

Added by Kari Johnson on September 30, 2009 at 6:15pm — No Comments

FAQ on the Housing and Economic Recovery Act (HERA)

The following FAQ may answer some of the concern you may have on the new HERA mortgage requirements and how they will affect the timeline of your real estate transaction.

FAQ HERA

Should you have any questions or need further information,

please don't hesitate to contact me, (775) 220-1630

Or visit my blog at…

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Added by Josh Talayka on September 30, 2009 at 3:30pm — No Comments

The Home Valuation Code of Conduct (HVCC)

FannieMae and FreddieMac adopted the Home Valuation Code of Conduct (HVCC) in 2008 in order to reinforce, protect, and enhance the overall integrity of an appraiser’s valuation process. This code of conduct became effective on May 1, 2009.

See HVCC Summary

Should you have any questions or need further information,

please don't hesitate to contact me, (775) 220-1630

Or visit my…

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Added by Josh Talayka on September 29, 2009 at 3:00pm — No Comments

Summary of the new lending regulations HERA

In 2008, the Housing and Economic Recover Act (HERA) was passed by Congress and became effective July 30, 2009. The Federal Reserve Board published the new regulations under the Truth in Lending Act.

See Summary of HERA for a summary of these new regulations

Should you have any questions or need further information,

please don't hesitate to contact me, (775) 220-1630

Or visit…

Continue

Added by Josh Talayka on September 28, 2009 at 2:25pm — No Comments

Doug Rosner Talks On The Radio

Here what Doug Rosner a Broker with Chase International South Tahoe Realty, has to say about Short Sales by tuning into KTHO radio, 590 AM. Jim Wire, an agent with Chase International South Tahoe Realty will be conducting the interview and he will give an update on the South Lake Tahoe real estate market statistics.



Doug has been successful with completing a few short sales and as you may know the rules are changing all the time. So get the latest scoop directly from the agents in… Continue

Added by Jim Wire on September 23, 2009 at 9:53pm — No Comments

House Prices Won’t Return to Peak Until 2020: Moody’s Analyst

At least another decade will pass before housing prices return to peak 2006 levels, according to an analyst at Moody’s Economy.com.



Analyst Celia Chen wrote that housing prices will decline for another year, and that the Standard & Poor’s/Case-Shiller housing price index will fall 40% from the 2006 peak with housing bottoming out in Q210 before rebounding.



“The correction will be not only deep but also lengthy,” Chen wrote. “The national price level will not regain its… Continue

Added by Jason Brothers on September 22, 2009 at 8:30am — 1 Comment

The nine week webinar series includes:

Sept 24 - The Big Picture: Understanding the New Paradigm

Oct. 1 - Personal Transformation: Inner Work First

Oct. 8 - Managing Stressful Situations: Opening Pathways to Success

Oct. 15 - Technology: Your Pacemaker to Heart-Centered Real Estate

Oct. 22 - Core Values: From Vision to Implementation

Oct. 29 - Quantum Solutions: Practical Tools to Enhance your Business

Nov. 5 - Manifesting your Greatest Desires: Creating… Continue

Added by Shari Chase on September 16, 2009 at 4:30pm — No Comments

Join us for a 9 Week Webinar with Peter Tongue

Starting September 24, learn how living and working in a heart-centered space will change the way you do business and live your life. Our unique nine-part webinar series is designed to create abundance, eliminate restrictive beliefs and open your world to unlimited possibilities in your real estate career and personal life. Discover a new vision for collaborative business, technology and marketing.

Sign up now at:… Continue

Added by Shari Chase on September 15, 2009 at 4:30pm — No Comments

Tips for Avoiding Foreclosure

The Department of Housing and Urban Development has put out a list of Tips that can help you avoid Foreclosure. However, before following these tips, you will want to determine if this is only going to be a temporary fix, and if keeping your home is worth the consequences that some of these tips may have on you in the future.

See Tips for Avoiding Foreclosure

Should you have any questions or need…

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Added by Josh Talayka on September 15, 2009 at 3:47pm — No Comments

The Real Estate Market is Coming Back. The Real Estate Market is Coming Back.

The real estate market is coming back, the real estate market is coming back. It only makes sense. We have been in the midst of this recession for a fair number of years. The democrats have gone to a great deal of trouble to gain power, and are poised to lose the power if they are not successful in next year’s elections.



The number one problem in our country right now is the economy. Consumer confidence is at a low. The government is doing nothing to bring our economy around. It is… Continue

Added by Bob Hedley on September 12, 2009 at 3:30pm — No Comments

Bank of America: The Untruth about Short Sales

On August 18, 2009, Kimberly Dawson (Bank of America Home Loans Vice President-Group Operations Manager Short Sales) participated in an audio conference hosted by Campbell Communications. During the conference, Dawson gave an overview of Bank of America’s Short Sale Timeline. This overview suggests that a typical short sale with Bank of America shouldn’t take any more then 90-days to obtain a final decision on a file.

I have been working on short sale transactions for over 3 years. In…

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Added by Josh Talayka on September 3, 2009 at 9:00am — No Comments

Judicial vs. Non-Judicial Foreclosure

In the state of Nevada, lenders may foreclose by using either a judicial or non-judicial foreclosure process.

Here are the differences: Judicial vs. Non-Judicial Foreclosure

Should you have any questions or need further information,

please don't hesitate to contact me, (775) 220-1630

Or visit my blog at…

Continue

Added by Josh Talayka on September 2, 2009 at 9:00am — No Comments

Energy Consumption Evaluation requirements

Effective January 1, 2011, sellers of residential properties will be required to provide buyers with an evaluation of energy consumption. SB 437 (2007 Session) added the following to the Nevada Revised Statutes (NRS) which outlines this new requirement:

Energy Evaluation Requirements

Should you have any questions or need further information,

please don't hesitate to contact me,…

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Added by Josh Talayka on September 1, 2009 at 9:00am — No Comments

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