HERA Amends the Truth in Lending Act

New changes to the loan process that could affect borrowers. New changes in regards to the timing of the Truth in Lending (TIL) statement are effective beginning July 30, 2009 on all new mortgage applications.  A TIL is designed to help borrowers as well as addresses the timing of when fees can be charges. The …

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Las Vegas Housing Stats – June 2009 Update

Short Sale Closings are on the Rise Available short sale listings continue to decline with just under 5300 currenly on the market. However short sale closing made up nearly nine percent (9%) of all June closings - up from seven percent (7%) of the closings in May.   Meanwhile, REO listings have dropped under 2800 available listings in the …

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