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Author: nnvhomebuyers

Is Now the Right Time to Sell? How to Read the Market as a Homeowner

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With the November 2024 presidential election over, we will see both immediate and potential long-term implications for the housing market. According to HousingWire, Mortgage rates have remained elevated, with 30-year fixed rates at 6.99% and 15-year rates close behind at 6.98%. These rates are a significant factor for both buyers and sellers, as high financing … Continued

What is a short sale and how does it benefit you in Reno NV?

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What is a short sale and how does it benefit you here in Reno? If you’re thinking that question about yourself… great question! In this article we’ll dive into that question so you as a Reno NV home owner can tell what your options are during foreclosure or just if your home mortgage is underwater. … Continued

Foreclosure notice of default in NV– what is it?

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If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has … Continued

What is a Pre-Foreclosure in Reno?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Reno anyway? Many homeowners across America and Reno are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

How to Avoid Foreclosure in Reno

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While the housing market is rebounding, many people in Reno] are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do … Continued

Short Sale vs Foreclosure – What’s the Difference in Reno?

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Whether you’re a buyer or a borrower/seller, a short sale, and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Reno, NV? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you stop … Continued

How to Stay in My Home After Foreclosure in Reno

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A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

Understanding the Foreclosure Process in NV

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Understanding the foreclosure process in NV is an important part of navigating your own home foreclosure. Before we dive in… Understanding the Foreclosure Process in NV What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun. … Continued

Can I Sell My House in Foreclosure in Reno?

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Do you have a Reno NV house that’s in foreclosure right now? Many people going through the NV foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can … Continued