Posts tagged ‘February’

Use caution with deed services

2 February, 2011 | Shauna Morris | No Comment

Courtesy of the Office of the Attorney General:
The Office of the Attorney General is alerting consumers concerning Title Compliance, a company using a Las Vegas post office box that is sending notices to Nevada homeowners regarding property deeds. Title Compliance states it will acquire a copy of the homeowner’s deed for a payment of $157.00. It also states that, due to the large number of transactions, this would be the only notice of their service.

Nevada homeowners should be aware that property deeds and supporting documents can be obtained from the local county recorder’s office where these documents were originally filed for much less than the service being advertised.

“Consumers must be aware that official documents can be obtained from federal, state or local sources for little or no cost by applying directly to the agency involved,” said Attorney General Catherine Cortez Masto. “Many companies offer to supply documents and papers for a fee, taking advantage of unsuspecting or uninformed consumers.”

Before sending money to a company offering services dealing with goverment agencies, consumers should always contact the government agency named first. Consumers will often find the services can be obtained directly from that agency with little or no cost. In addition, the Better Business Bureau maintains a website, www.bbb.org, that provides information concerning companies doing business around the United States. Be cautious when dealing with a company not listed with the Better Business Bureau. In addition, entering the company’s name in Google, Bing or Yahoo search will often reveal information that the company is operating in a fraudulent or dishonest manner. When dealing with a non-local company, it is wise to do your internet search homework first.

While no determination has been made regarding the legitimacy of Title Compliance, any advertisement that urges quick action raises red flags. Questions regarding this matter can be addressed to the Nevada Attorney General’s Bureau of Consumer Protection at 775-684-1169.

*This type of fraudulent business practice may also be applied to companies advertising guaranteed results with loan modification. Please be very cautious with this type of service as well. The David Morris Group is available to help if you are interested in seeing the deed on your home. We can help obtain a copy for you, at no cost, through our local title companies. Please call us any time at 775-828-3292.

Reno/Sparks February mid-month update

18 February, 2010 | David Morris | No Comment

Please take a look at our mid month update for the Reno/Sparks market as of February 16th, 2010

You’ll see the following categories:
f/s = Homes that are for sale today.
Pend = Pending sales today but not closed.
% of pending sales today that are short sales.
Sold = Sold homes in the last 180 days.

All sales values are averages.

$000,000-$250,000

f/s 821 units $165,943 avg. 94 days on market
Pend 1,315 units $155,614 avg. 140 days on market
% short sales 72%
Sold 2,072 units $155,346 avg. 116 days on market

$250,000-$500,000

f/s 386 units $348,099 avg. 132 days on market
Pend 291 units $330,279 avg. 170 days on market
% short sales 62%
Sold 544 units $326,288 avg. 147 days on market

$500,000-$750,000

f/s 164 units $612,121 avg. 188 days on market
Pend 45 units $609,890 avg. 250 days on market
% short sales 64%
Sold 89 units $599,365 avg. 183 days on market

$750,000-$1mill

f/s 74 units $894,265 avg. 202 days on market
Pend 15 units $843,377 avg. 333 days on market
% short sales 80%
Sold 20 units $879,743 avg. 164 days on market

$1mill-$2mill

f/s 103 units $1,518,516 avg. 315 days on market
Pend 9 units $1,350,000 avg. 601 days on market
% short sales 67%
Sold 17 units $1,246,000 avg. 200 days on market

$2mill +

f/s 26 units $2,872,688 avg. 289 days on market
Pend 0 $0 0
Sold 1 unit $2,250,000 575 days on market