A cottage industry of private administrators, real estate agents, house-flippers and others cashed in on homes across Southern Nevada after the owners died.
Housing
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Governor Steve Sisolak announced Thursday that the eviction moratorium enacted at the start of the coronavirus crisis will be discontinued in phases over the summer.
The state had 1,942 owner-vacated foreclosures — or “zombie” foreclosures — in the second quarter, according to Wednesday numbers from California housing research firm RealtyTrac.
WASHINGTON — A bipartisan group of senators including Dean Heller of Nevada on Tuesday proposed an overhaul to the housing finance system that would gradually eliminate Fannie Mae and Freddie Mac, the two government-sponsored mortgage guarantee giants, and shift more mortgage and credit risk to the private sector.
It took husband and wife Rob and A.J. Tuttle half an hour to walk around the unfinished penthouse for sale at the top of Panorama Tower II.
Las Vegas’ housing market, among the worst in the nation, will get a boost from a new homeowner assistance program. Officials from Wells Fargo bank and the city of Las Vegas announced about $9 million will be available for people seeking to buy houses.
A man who was indicted in connection with Operation Stolen Dreams, a nationwide initiative aimed at combating mortgage fraud, was sentenced Wednesday to 27 months in prison.
A bill before the Nevada Legislature would make it a felony to intentionally damage or remove any part of a home that the occupant knew was in foreclosure. A homeowner or renter who breaks the law could face one to four years in prison and up to $5,000 in fines.
Falling property values have generated almost a daily dose of depressing reports, but many people are finding one bright spot amid the gloom: lower taxes.
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