Pat Yoest's (pyoestc21) Blog

1.  Unpaid principal on home loans was 21 billion of Freddie Mac's 1.87 trillion about 1 % 2.  3.5 billion in delinquent debt 4% of Freddie Mac's95.3 billion. 3.  Nevada's inventory= 355 million of Freddie Mac's inventory or three percent. 4. 235 million in credit losses 6% of Freddie Mac's losse...

Vicki Henry , operations specialist for Hud spoke at a local North Las Vegas meeting on the foreclosure crisis in Nevada.  The answer is not loan mods, which postpone the inevitable. She feels that we need a Darwinian approach to the crisis.  By that she meant that we should let the market recove...

Warm climate, favorable tax structure { no state tax}, great entertainment all make Las Vegas a favorable place to retire par to cities in Florida.  However with Las Vegas you don';t get the humidity, and you' re very close to the ocean when you want to be near the water.  To boot, falling home p...

At a recent meeting about foreclosures by North Las Vegas, John Kelleher, chief deputy for the attorney general, discussed mortgage fraud in Las Vegas. His office has been working with the different agencies to investigate mortgage fraud .  It seems mortgage fraud is at epidemic levels in Las Veg...

On Dec 6, 2010 at 2:00, Nevada Supreme Court will meet to fine tune Foreclosure Mediation.  In the state of Nevada there is a law that states if the homeowner can request a mediation with the bank before it forecloses on a homeowner.  There have been problems with this mediation and they are tryi...

Core Logic reports 2.1 million in Shadow inventory, up from 1.9 million.  Add 2.1 million to the already 4.2 million inventory already on the market in August and the supply was at 23 months or double the supply that Nar estimated in September.  Six to seven months is the normal supply and demand...

Nevada allows deficiency judgements.  Just what is a deficiency judgement.?  It is a lien against you for the difference between what a house is sold for and what is owed.  If you let your home go to foreclosure it will , in the state of Nevada be sold at a Trustee Sale for whatever it may bring,...

-Due to current economic conditions such as unemployment , and drop in home prices, short sales are increasing.  The fact that banks would rather do short sales than foreclose is also contributing to the number of shortsales.  However, increasing number of short sales bring increasing numbers of ...

Located in zipcode 89123 is this sprawling community of Crystal Springs.  The community of 2704 homes was built in stages from 1980's to 2005.  The community was built by Pardee, a very popular local builder. The community offers many amenities such as three community pools, tennis courts, basket...

Hi,   My name is Pat Yoest, and I am a Realtor.  I have been a Realtor since 1973.  I service the Las Vegas area.  I specialize in short sales, Reos and real estate investments. I am a Century 21 Agent who loves referrals.   If you are a Realtor who has referrals to send , please take a look at m...