Real Estate

June 24, 2010

Equitable Subordination in Nevada

Nevada is a first-in-time recording state, which means that the lien recorded on real property first has priority over subsequently recorded liens.  Huntington v. Mila, Inc. […]
June 21, 2010

Government Arrests Mortgage Lenders

As part of Operation Stolen Dreams, the government’s push against mortgage fraud, federal authorities investigated 1,215 criminal defendants allegedly responsible for more than $2.3 billion in […]
May 26, 2010

New HAMP Guidelines Take Effect June 1, 2010

The federal government provided new Home Affordable Modification Program (HAMP) outreach and communication guidelines for foreclosure actions while evaluating the borrower.  These guidelines provide additional protection […]
May 19, 2010

FHA’s new principal reduction program

A new program issued by the Federal Housing Administration (FHA) requires lenders to reduce the principal by at least 10% for qualified borrowers.  Borrowers can qualify […]
May 10, 2010

60 Minutes Special: Walking Away

The incidence of negative equity in properties is unmatched in history. 65% of residences in Nevada are drowning and the water continues to rise.  See the […]