Companies May Not Discriminate Based On Citizenship Status

While there has been a lot of attention directed toward the issue of the hiring of illegal immigrants, recruiters and employment referral companies must also be careful to follow the laws regarding the hiring of citizens and  legal immigrants.  Whether they consider themselves to be large corporations or small businesses,  employers should be wary of […]

Countrywide and Saxon Settle Wrongful Foreclosures Against Military Homeowners

Countrywide and Saxon, two home mortgage lenders, settled with the Department of Justice with regards to alleged violations of the Servicemembers Civil Relief Act (SCRA) for wrongfully foreclosing upon active duty servicemembers. The two lenders agreed to pay more than $22 million in monetary relief for the victims of their misconduct. The two lenders were accused […]

Government Programs and Principal Reductions

Treasury officials confirmed that the Administration was examining principal reduction as a tool in the modification arsenal. Shortly thereafter, Bank of America unveiled a principal reduction program for borrowers whose LTV ratios are more than 120% (which is a large percentage of Nevadans as approximately 62% of our market is thought to be underwater).  Hopes […]

Double-Dip in Home Prices Nationwide

Today Case Shiller housing data confirmed that there is a double-dip in home prices nationwide. The National Index hit all new lows and is down 5.1% from last year. In March 2011, Las Vegas was amongst 12 cities (Atlanta, Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami, Minneapolis, New York, Phoenix, Portland, Ore., and Tampa) that […]

Nevada Still Highest Foreclosure Rate in Nation

RealtyTrac reported Nevada posted the nation’s highest foreclosure rate for the 52nd straight month with 1 in 97 housing units receiving a foreclosure notice in April. The 4,606 home repossessions were the highest number since RealtyTrac began tracking foreclosures in 2005 prior to the real estate collapse.  April REOs outpaced March by 23% and April […]