As your Reno area representative for Fidelity National Home Warranty, Northern Nevada’s “Premier”Home Warranty Company, I find that it’s helpful for everyone who either has a home warranty or is considering buying a home warranty to clearly understand the Terms of Coverage and the Limits of Liability of their plan. You can find this information [...]
Post Tagged with: "Reno Real Estate News"
Mortgage Forgiveness Debt Relief Will Expire this year
The mortgage debt relief act of 2007 says that a homeowner has the right to have forgiven debt cancelled for tax purposes. Meaning the amount that your bank writes off during the short sale process cannot be taxed as income. Normally on forgiven debt the bank is required to issue a 1099-c, “cancellation of debt” [...]
Owning Investment Properties Can Be Affordable
Did you know that you can cover your Reno and Northern Nevada income properties, investment properties or rental properties with a Fidelity National Home Warranty? And, if you have five or more properties you may qualify for a discount! A Fidelity National Home Warranty (FNHW) can save you money on repairs and/or replacement of a [...]
“Price Is What You Pay, Value Is What You Get” ~~Warren Buffet
I get many questions about the different plans Fidelity National Home Warranty (FNHW) offers in the Reno area. Buyers and sellers want to know the benefits of a home warranty and there are many. What is a home warranty? A home warranty is a one-year service contract that covers the repair and/or replacement of a [...]
Rates will stay down through 2014
The Federal Reserve met yesterday and decided to keep the federal funds rate at .25% through the end of 2014. A testament to the current state of the economy and its short term potential growth. This is the rate in which banks lend money to each other but is also a key tool in the [...]
Life Of An Escrow
It all begins with the offer and acceptance skillfully negotiated by the real estate agents representing Buyer and Seller. The Buyer(s) Tenders a written offer to purchase (or accepts the Seller’s counter-offer) accompanied by a good faith deposit amount. Approves and signs the escrow instructions and other related instruments required to complete the transaction. Approve [...]
Caring For Your Reno Home
Since we, in the Reno area live in 4 different seasons, I thought it would be helpful to give you some home maintenance tips Preventative maintenance is the best way to keep your Reno area home in good shape. Did you know that regular maintenance of the systems and appliances will increase their efficiency and [...]
Interest Rates drop Under 4%
Data released by Freddie Mac shows the new rate for a 30 year fixed rate mortgage edged down to 3.98%, the second lowest reading in history and adjustable rate mortgages are at a new low. The Freddie Mac survey shows 15 year mortgages at 3.30% and a 5 year adjustable rate mortgage coming in at [...]
New law to protect homeowners goes into effect
The new law also know as AB 284 passed the assembly in May and went into effect October 1, 2011. Basically what this law does is protect home owners from “Robo Signing”, inaccurate and fraudulently executed documents filed by lender, trustees and servicers. It also increases criminal penalties where “Robo Signing” has occurred and also creates [...]
Loan Modification, “Yea Right”
Imagine millions of trains on a head on collison course with each other, this represents the magnitude of homeowners facing foreclosure over the the last 5 years. The government had to get some of these trains off of the track, they did it under a program called HAMP (Home affordable modification program). Also known as the [...]
