Nevada’s congressional delegation demanded answers Thursday after the Las Vegas Valley did not receive a penny of nearly $2 billion in federal stimulus money aimed at helping areas most affected by the nation’s housing crisis.
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MIAMI — A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.
Bank of America expects to release about 6,000 foreclosed properties into the Nevada housing market in 2010, or about 500 a month, an executive with the bank said Wednesday.
Mortgage brokers, the independent businesses that promise to help home buyers find the best mortgage loan, are becoming an endangered species, local industry leaders say.
CARSON CITY — Gov. Jim Gibbons on Monday extended a 4-year-old program that assists first-time home buyers in Nevada’s smaller communities.
Beginning Feb. 1, seniors needing assistance to pay property tax or rent can apply for help through the Clark County assessor’s office.
The Las Vegas housing market ended 2009 with a trend of declining inventory and increasing sales, December statistics from the Greater Las Vegas Association of Realtors showed.
A record-setting 6,000 property owners in Clark County challenged their assessed values in 2009, contending they were too high. The number of appeals could rise this year as property values continue to tumble.