This rural Southern Nevada outpost doesn’t seem like an ideal spot for new real estate projects. But for Las Vegas broker and investor Mason Harvey, Indian Springs is ripe for construction.
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Nevada’s Foreclosure Mediation Program instituted at the height of the recession to help people stay in their homes will no longer accept mediation enrollments after Dec. 31.
Cottonwood Lake Homes, a suburban-style subdivision in Searchlight, has street names like Aqua View and Shady Cove, and even some palm trees. But the failed project, a relic of the housing bubble, has far more empty land than developed.
Millions of dollars meant to help distressed Nevada homeowners stay in their homes at the height of the recession were squandered by a Nevada contractor on excessive rent, holiday parties, employee gift cards and other luxuries.
The Nevada Supreme Court on Thursday ruled in a long-awaited dispute over homeowner association dues in super-priority lien cases, finding that Nevada law does not allow for the collection of costs and fees in addition to nine months of back-owed assessments.
The Nevada attorney general’s office needs to strengthen its monitoring of settlement funds designed to help victims of the foreclosure crisis in Nevada, a legislative audit has found.