Michael & Belinda Jackson's (renonevadarealestate) Blog

How low do prices have to go? I just searched our local MLS and here is what I found. 300 bank owned homes, priced under $150k with an average price per sqft of $67.14... WOW, You can't rent a home for what your payments will be!! Then think about our current interest rates right at 4%, What are ...

I'm now a HUGE fan of the new Equator System Bank of America is using now for most short sales. They made our Easter weekend by e-mailing a full approval letter for 1 of our short sale listings today. 1 loan with Bank of America and a full deficiency release for the seller. Here are the facts of ...

O.K. So we all know the short sale process is really fun to start with, but what are 2nd lenders thinking?? We represent many sellers in the short sale process and we all know several will have 2nd mortgages. We are working a file now that has a 2nd and the wonderful bank wants 20% of the balance...

O.K. Maybe, but... After waking up this morning and seeing snow capped mountains all around us from the valley floor, sun out (over 300 days of sun a year here) and just breath taking views everywhere, I have to wonder if it gets much better? I was born & raised in Southern California and moved t...

Is it just us or is every deal out there filled with issue after issue for buyers? In the last 60 days, every deal we are involved in with buyers are filled with issue after issue. Everything from addresses not matching on the listing vs. the deed, appraisers calling for a light switch plate cove...

So nothing in this business ever surprises us anymore but I have to say this one floored us. We were representing a buyer on a short sale. We started the process back in May, waited months, got the approval letter and our close date was last week. About 3 weeks ago we did a property inspection an...

We are working with a buyer on a bank owned property and the buyer informed me a few days ago that he is locked in at 4.5% on a VA loan. O.K, Let me hear that again, 4.5%, fixed for 30 years , no down. I have been saying for months that we will NOT see these kind of rates again for many many year...

If you are considering a short sale and need answers, You MUST get the most accurate, up to date information you can, to make an informed decision. Our short sale web site is the most informative web site regarding short sales you will ever see. Visit it today to get all your questions answered. ...

I just have to ask this question to every potential buyer out there. How low do rates have to go for you? Last week and this week FHA was right around 4.5%, WOW do you know how low that is?? Do you know how low your payment would be?? In the Reno area, if you are a renter in most parts of town, y...

WOW- Is all I can say. Here's the full story. Our buyer decided to go with a large national lender for her loan instead of a local lender I had suggested. Well 50+ days later and a missed contract close date my buyer called and said we need to have a plan B in case my lender can't get it done. I ...