Home Value Trends In Nevada

home valuesFor months now everyone has heard about the crashing of the real estate market or slumping home value prices, thanks to the media and industry experts blasting doom and gloom predictions about the real estate market all over the place. Properties listed with a home value over $400,000 are going slowly, usually sitting on the market for a year or more. Whether you are looking to buy a house, sell your house, refinance or research affordable neighborhoods, you have the power to find accurate home values.

The state’s median household income has stayed near the national median income at about $44,000 in 2005. Real house prices display a pronounced hockey-stick pattern over the past 140 years. You should always consult a local real estate agent for a comprehensive market analysis to determine your home’s value.

Lenders require an appraisal before they’ll approve a mortgage, but as a property owner, you …

Foreclosure Timelines In Nevada

foreclosureForeclosures are at an all time high, real estate markets are slowing down, interest rates are going up, and homeowners are starting to panic about not being able to make their mortgage payments. Foreclosure homeowners are distressed. You prioritized your spending and saved enough money for a small down payment. If you don’t file an answer to the lawsuit, you’ll automatically lose the case and the court will issue the lender a default judgment permitting it to proceed with a foreclosure sale.foreclosure

Recovery from the devastating affects of foreclosure is the second step for homeowners. Foreclosure is a situation in which a homeowner is unable to make mortgage payments as required, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract.

A judicial foreclosure involves going through a court and allows the homeowner to contest the foreclosure. At this …