Will AB 284 Be Amended And Where Are The Foreclosures?

Pretty good article in the RGJ today about new negotiations over AB 284. The article can be found here, RGJ Article.

While the talks are still preliminary, AG Masto says the bill won’t be changed but there may be clarification on “personal knowledge”. If you’re new to Nevada Real Estate, AB 284 is a bill that halted 98% of the foreclosures Nevada. Causing our recovery to extend at least 15 months (at this point).

The article doesn’t have a ton of specifics but it’s nice to hear the state is at least listening to the people that have to deal with this mess everyday.

Also, Bill Uffelman of the Nevada Banker’s Association said foreclosures will start up again “sooner rather than later”. My guess is we’ll see them being dripped onto the market beginning in Spring of 2013 but I appreciate Bill’s vague timeline.

For more information on buying or selling a home in Reno or Sparks contact Broker Ricky Beach at (775) 750-1437 or Ricky@Resnv.com