4 Websites You Can Trust for Bankruptcy and Foreclosure Information in Nevada

There are a lot of scams in the world of bankruptcy, foreclosure, short sales, loan modifications and foreclosure mediation. Especially in Nevada, and perhaps even moreso in Las Vegas. You can search on Google for help. But how do you know which information sources you can trust? Look no further because here are… 4 Websites You Can Trust for Bankruptcy …

Nevada Foreclosure Mediation Program and Good Faith Requirement

Does the “good faith” requirement for mortgage lenders under the new Nevada Foreclosure Mediation Program have teeth? If you’ve been following this blog, then you know that under Nevada Foreclosure Mediation Program put into place this year, a Nevada homeowner who received a foreclosure notice on July 1, 2009 or later can apply within 30 days for a foreclosure mediation …

More Nevada homeowners requesting “Foreclosure Mediation”

Since it was first implemented by the Nevada Legislature earlier this year, Nevada’s Foreclosure Mediation Program has become a big deal for Las Vegas and other Nevada homeowners who have received a foreclosure notice. There have been over 2,200 mediation requests, and according to an article in the Las Vegas Business Press, there have been up to 100 mediation requests …

Nevada foreclosure rate tops again as unemployment continues to rise

Thanks to the Las Vegas housing bust, Nevada once again has topped RealityTrac’s quarterly report for having the the highest rate of foreclosures in the U.S. at 1 out of every 23 homes. The Nevada foreclosure situation is of course not being helped by a 13% unemployment rate in the state along with declining population overall, according to a recent …

Nevada’s foreclosure mediation program: Connecting the disconnected

There was a nice piece recently on News 4 KRNV about the Nevada Foreclosure Mediation Program and how 25 more mediators were sworn in.  (Watch the video and read the article here.) The gist of the story was that demand for loan modification via foreclosure mediation sessions is growing, with an average of 78 new requests per day coming in, …

Las Vegas Foreclosure mediation update: Non-Nevada Foreclosure Mediation Programs Struggling

So far, Nevada’s Foreclosure Mediation Program appears to be the only one with teeth in it. Recently, the non-profit National Consumer Law Center released a report saying that none of the foreclosure mediation programs they reviewed (a list which does not include Nevada) are providing significant benefits to homeowners.  (See Reuters article on the report – “US home foreclosure mediation …

Nevada Foreclosure Mediation Program Has Received Over 450 Requests for Mediation So Far

Despite a somewhat misleading August 10 article in the Las Vegas Sun (“Foreclosure Crisis:  So far, few have applied for mediation“), the Nevada Foreclosure Mediation Program is now reporting that over 450 requests for mediation have been received as of August 13, according to the program’s website. The Nevada Foreclosure Mediation Program enables homeowners who receive foreclosure notices (aka ” …

Another reason why Nevada’s mandatory foreclosure mediation law is necessary

In previous posts, we’ve talked about the benefits to Las Vegas residents of Nevada’s foreclosure mediation program (NRS 107.080) here, here and here.  The gist of it being the new law allows homeowners who received a foreclosure notice after June 30, 2009, to request a mandatory mediation session with their mortgage lender. Here’s one more reason the law was the …

Step-by-step guilde to Las Vegas foreclosure mediation

How will foreclosure mediation work for you if you work with Haines & Krieger?  And what will the process look like? First, if you receive a foreclosure notice, you’ll contact us for a free foreclosure mediation consulation.  We’ll explain the whole process to you in person and answer any questions.  Don’t wait too long. The law requires that you request foreclosure …

Nevada foreclosure mediation gives homeowners a new option

Big news for Las Vegas homeowners facing foreclosure:  You may now have the option of requiring your mortgage lender to participate in foreclosure mediation with you if you have received a foreclosure notice for the home in which you live. The Nevada legislature has made it official with the passage of Assembly Bill (AB) 149.  And the Nevada Supreme Court has put …