Housing Affairs Letter


(LAWSUIT SHIELD) Homeowner Lawsuit Shield Mulled

Nevada lawmakers are considering a measure that would allow homeowners to walk away from their houses after a foreclosure or short sale without getting sued to repay the balance owed. The bill, SB 346,

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(PROPERTY TAKING) Eminent Domain On Nevada Ballot

Nevada voters will decide Nov. 2 to determine whether a Constitutional amendment to the eminent domain law protecting private property takings should be repealed

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(RAPID RESPONSE) Foreclosure Swat Team In Las Vegas

HUD dispatches an eight-person team to Las Vegas to deal with that area's housing crisis after a face-off between HUD Secy. Shaun Donovan and Senate Majority Leader Harry Reid. Sources

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(SETTLEMENT) Nevada Has Cheapest Closing Costs

A study by Bankrate.com shows Nevada with the lowest average closing costs at $2,276 while Texas took top honors as the most expensive as $3,855. The calculations are based on a 30-year fixed-

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Foreclosure Solution Attempt

Assembly Speaker Barbara Buckley sponsors a bill to head off almost 13,000 foreclosures in a state beset with record numbers of families losing their homes by default. Long involved with housing

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Probe Of North Vegas PHA

HUD investigators are trying to determine where the North Las Vegas Housing Authority spent $2 million of its federal subsidies. So far, probers have found that $800,000 has been misused.

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Economists: Bottom Almost Here ... Again

Las Vegas: A trio of the nation's top economists believe the end of the housing backslide is near, though they have no delusions about a return to boom-like conditions this or next year.Chief Economists David Crowe of National Association of Home Builders; David Berson of the PMI Group; and Frank No...

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TARP Hearing Lacks Specifics

Panelists, lawmakers and the media essentially experienced deja vu together Tuesday as House Financial Services members debated the much maligned TARP and what to do with $350 billion that remains with little new to speak of.

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Voters To Decide Eminent Domain

Voters will be asked to settle a question on eminent domain law through question No. 2 on the Nov. 4 ballot. The proposal -- restricting use of eminent domain by local and state governments

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Foreclosure Prevention On Wheels

    Nevada: Senate Majority Leader Harry Reid (D-NV) prompts creation of five Foreclosure Mobile Resource Centers to help constituents in trouble with their mortgages avert foreclosure.   The mobile centers are set up in Douglas, Washoe, Elko, Clark and Nye counties. The foc...

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