The Nevada Association of RealtorsŽ published the third installment of the “Face of Foreclosure” reports. Previously published in July of 2009 and 2011 the reports cover many aspects of the foreclosure process including;
Reasons for default/foreclosure
Public opinion on foreclosure/strategic default
Foreclosure stats by area and income range
The 2012 report is interesting and worth a read. Serious and non-serious points from respondents include:
45/45 split on morality of strategic default
53% have defaulted due to job loss
36% owned their home for 5 years or less. This is after the predatory lending and ARM loan timelines.
79% said owning a home is still part of the American dream
91% of cellphone users don’t own a land-line. Yet, service providers still try to get us to bundle it.
Click on the picture to view all the information and compare the changes throughout the years.
Last week I had the pleasure of being a participant on “State Your Case” of 99.1 Fox News Radio. Eddie Floyd, of Nevada Matters Radio, and Cindy of the Kidder Law Group hosted the show and really eased my nerves with their professional guidance.
The show covered thoughts on AB 284, shadow inventory and why the banks are holding properties, atypical appreciation since January 2012 (20%), and the good and bad of government intervention on private markets.
A big thanks to Eddie and Cindy for having me on and hopefuly more airtime in the future.
Also, if you’re thinking of doing a short sale call the Kidder Law Group first. There are other options that may be a better bet for you.
To listen to the recording click on the picture below.