Nevada’s Homeowner’s Bill of Rights
Hey, everyone. You may have heard about the Homeowner’s Bill of Rights that will be effective starting October 1st. While the name sounds appealing to homeowners, it actually makes it easier for lenders to foreclose on properties.
Homeowners need to be aware of the recent changes in our market. Since February, the number of default notices has increased each month; in January there were less than 200, in August there were more than 2,000!
The Federal Reserve will soon stop providing money for short sales. What does this mean? Lenders will be more inclined to foreclose on your property than allow you to short sell it.
If you or anyone you know is having difficulty or just having questions about the Homeowner’s Bill of Rights, please call me at 888.558.0421. I can help and I know of some great attorneys who can help as well.
Thank you for watching!