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foreclosure

2 indicted in Vegas foreclosure robo-signing case

LAS VEGAS (AP) - Two title officers have been indicted on more than 600 charges alleging they directed a "robo-signing" scheme that led to the filing of tens of thousands of fraudulent foreclosure ...

Foreclosure crisis hurts us all

I have a friend here in Carson City who will soon be losing her home. She's not the first, and probably not the last.

She bought her house back near the height of the boom. It's a fairly small, modest home, but fits her needs almost perfectly. At the time, her income from her sales job easily covered her mortgage and expenses. Times were good.

Occupy Carson City Protest on Bank Transfer Day

Event Date: 
November 5, 2011 - 1:00pm

Carson City, NV - Occupy Carson City, an extension of the Occupy Wall St. movement, will hold their weekly peaceful assembly on Saturday from 1:00-3:00 p.m. at the Legislature Sidewalks at 401 S. Carson Street in Downtown Carson City. Everyone is welcome to participate, and the group has been in close communication with law enforcement to avoid any problems.

Housing woes blamed on politicians

MESA, Ariz. - Like just about everyone in the Phoenix area, Jen Pollock has lost several neighbors to foreclosure and short sales. And, like hundreds of thousands of others in Arizona, Pollock and...

Obama to Talk Home Refinancing in Las Vegas Following Romney’s Controversial Foreclosure Remarks

LAS VEGAS – President Obama will today announce he is expanding a federal aid program to allow more homeowners to refinance their mortgages at today’s low interest rates, said White House officials this morning.

Options in foreclosure

Many clients indicate that they are upside-down on their property, and they are certainly not alone. I'd like to share some information to help homeowners understand their options when dealing with...

Nevada AG announces new foreclosure fraud bill to take effect Oct. 1

Nevada Attorney General Catherine Cortez Masto and Nevada Assembly Majority Leader Marcus Conklin announced that the new ‘Foreclosure Fraud Reform’ law will take effect on October 1, 2011.

Commentary by Sue Morrow: Foreclosures do more than empty houses

Washoe District Court Judge Patrick Flanaghan recently ruled that Nevada's foreclosure mediation program, which allows distressed borrowers to request a face-to-face mediation with lenders, is not ...

Amodei, Marshall Duel Over Facts, Foreign Policy, Medicare and Taxes

State Treasurer Kate Marshall and former state senator Mark Amodei sparred over Medicare reform, campaign ads and even the uprising in Libya in an hour-long debate airing on the statewide news program Face to Face on Monday and Tuesday.

BLM to analyze water pipeline cost after public opposition to project

SPARKS — The Bureau of Land Management (BLM) now plans to consider not only the environmental impact but also the economic viability of Southern Nevada Water Authority’s (SNWA) multi-billion dollar plan to pump water from central Nevada into Las Vegas.

Outlook partly sunny for Nevada retailers, says trade association

With back-to-school buying stagnant but an uptick in sales expected this holiday season, the Retail Association of Nevada (RAN) is forecasting a mixed outlook for the state’s retailers.

Foreclosure seminar on Monday at Carson City Library

Nevada Legal Services has launched two months worth of free foreclosure seminars teaching homeowners about mediation and loss mitigation.
The class in Carson City will be on Monday, July 11, beginning at 2 p.m., at the Carson City Library, 900 North Roop Street.
The class will also be held in Dayton on July 26, 1:30 p.m., at the library, 321 Old Dayton Valley Road.

Legislators hope new laws slow foreclosures

As overgrown yellow lawns and unlit windows dot vast suburban neighborhoods in Nevada, legislators hope new laws they passed this session will make a dent in a foreclosure crisis that is still hitt...

Two Cents (and some video clips) from Nevada 2.0

Ramping down Nevada’s dependence on the gambling industry (and associated consumer spending) through developing new job-creating industries was the main topic at last Friday’s Nevada 2.0 economic forum at UNLV.
Lt. Gov. Brian Krolicki used the word “retooling” as he spoke of the need for diversity in his opening remarks, adding that he did not believe the vision of  an economically robust Nevada was “Pollyanna-ish.”

State worker launches budget deficit plan, issues challenge to economists

Carl Kuhl, a state Parole and Probation employee of six years, has created a plan that he claims will eliminate Nevada's budget deficit within two years.

In a news release issued on Tuesday, Kuhl said his plan not only will reduce the budget deficit but also help repair Nevada's economy at the same time. It is a pretty big claim, he admits, coming from an Accounting Assistant I, an entry level position.

Nevada Needs Better Educated Workforce, Professor Says

Once upon a time, a high school diploma could unlock a middle-class income. That idea held true in Nevada for longer than it did throughout the United States, but it’s true no longer, said a UNLV professor who studies the economy.
Citing figures that Las Vegas is the least-educated city in the region, Robert Lang, UNLV Director for Brookings Mountain West, said that Nevada needs higher education-attainment levels to attract businesses to this state.
Otherwise Nevada could have a difficult time diversifying its economy and rebounding from the recession.

Nevada Leads Nation In Size Of Its Budget Gap, National Group Reports

By Sean Whaley / Nevada News Bureau
CARSON CITY – When it comes to the budget problems looming for many states over the next two years, a report released this week by the National Conference of State Legislatures makes one point very clear: Nevada is No. 1, and not in a good way.

Heller Supports Extension of Unemployment Benefits

U.S. Congressman Dean Heller, R-Carson City, today came out in support of the Emergency Unemployment Compensation Continuation Act (H.R. 6419) which would extend unemployment benefits for an additional three months.

Veteran GOP Leader Raggio Out In State Senate Leadership Shakeup

By Sean Whaley / Nevada News Bureau
CARSON CITY – Veteran Republican state Sen. Bill Raggio, R-Reno, won’t be minority leader in the upcoming 2011 session, withdrawing his name from consideration for the leadership post today after getting GOP criticism for backing Sen. Harry Reid in the Tuesday general election.

Food Or Other Rewards To Encourage Voter Turnout OK In Nevada If No Intent To Influence Voters

By Sean Whaley / Nevada News Bureau
CARSON CITY – While concerns have emerged elsewhere this campaign season about encouraging people to vote by offering free food, a state election official says Nevada law is not excessively restrictive on the practice.

Nevada AG Joins 49-State Mortgage Foreclosure Group

By Nevada News Bureau
CARSON CITY – Attorney General Catherine Cortez Masto is joining a 49-state bipartisan mortgage foreclosure working group as part of a coordinated national effort by states to review the practice of so-called “robo-signingâ€� within the mortgage servicing industry.

State Attorney General Defends Record, Denies Playing Politics Under Fire from Opponents

CARSON CITY – Catherine Cortez Masto points to a number of accomplishments in her first term as attorney general, from reducing methamphetamine production in Nevada to cracking down on mortgage fraud, all while having to live with major budget cuts and fewer staff.

Full-Time RVer Finds Voter Residency Rules Will Keep Him From Casting Nevada Ballot

By Sean Whaley / Nevada News Bureau
CARSON CITY – Long-time Nevada resident Art Cooke says he is now officially a disenfranchised voter.
After voting in every primary and general election in Carson City for a decade, Cooke sold his Bodie Drive home and became a full-time recreational vehicle resident upon retirement five years ago. Cooke and his wife Rita spend time out-of-state every year, wintering in Yuma, Ariz. and visiting other states in their luxury recreational vehicle.

OurTown: Ian MIndling, candidate for Carson City Assessor

Candidate for Carson City Assessor, Ian Mindling, talks about how he would manage the job.

http://www.youtube.com/watch?v=27T9YlWJEz4

Nugget Project tidbits

There is an interesting discussion going on over at the Nevada Appeal site concerning the Nugget Project.

The story begins two week ago when Guy Farmer wrote a rather harsh column that slammed the Nugget Project. In response, last week there was a guest column by Michael Douglass criticizing Farmer's take on the subject.

Local REALTOR, Heidi McFadden, Earns Certified Distressed Property Expert Designation

Local REALTOR, Heidi McFadden, Earns Short Sale Designation to Help Homeowners in Danger of Foreclosure

Carson City, NV – 8/25/2010 – Heidi McFadden of Realty Executives Nevada’s Choice in Carson City has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by McFadden will help benefit Carson City area residents and communities.

Nevada Jobless Rate Actually Above 20 Percent Based On U.S. Bureau Of Labor Statistics Data

By Sean Whaley / Nevada News Bureau
CARSON CITY – Nevada’s worst in the nation 14.3 percent unemployment rate for July does not even begin to tell the real story of the state’s dismal job situation, a state agency reported today.

Rory Reid Calls for Reform and Consolidation to Balance State Budget

Sean Whaley / Nevada News Bureau
CARSON CITY – Democrat gubernatorial candidate Rory Reid told the Nevada News Bureau yesterday there are other options for moving the state out of its current budget crisis besides increasing taxes and cutting programs.

Nugget Project update: a look at the Meridian report

Last week we reported that the governor's office sent a letter to Nugget Project consultant Mark Lewis taking issue with certain parts of the feasibility study for moving three state agencies into the Carson City Center/Nugget Project.

The one big item missing in that story was the Meridian Business Advisors feasibility study itself, which we now have a copy of.

State of Nevada, Local Governments, Race to Spend Funds By Deadline

CARSON CITY – Nevada officials are racing the clock to get their full share of federal foreclosure relief dollars.
Some states and local governments elsewhere around the country are at risk of losing millions in foreclosure relief funds. But officials with the state of Nevada and local government entities who are managing the programs say they are on track to obligate their full allotments by September deadlines.
Even so, several Nevada officials said the funds are only a drop in the bucket to address Nevada’s foreclosure crisis.

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