Marta Jones Carmody Blog

Pricing Update

Hanging in there
Posted by John McClelland on March 31, 2010 in No Category
Yesterday the S&P/Case-Shiller numbers where released. In the seasonally adjusted tiered indices, each index registered a month-to-month increase with the exception of the middle tier which consists of homes priced between $126,631 and $196,595. This was mildly surprising given that we get a lot of requests for homes in these ranges but do not have a large amount of for-sale inventory. We have more listing inventory in the high range. The breakdown for the listing inventory (offered for sale and not und... read more
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Bank of America Cuts Principal for Some Customers

Repost from Black & Lobello
Posted by Randi Kolesar on March 26, 2010 in No Category
Coldwell Banker Premier Realty has partnered with one of the most dynamic, aggressive law firms in Las Vegas to assure our clients are protected during the Short Sale process. Yesterday, it was announced that Bank of America will cut loan principal for some customers. Below is a blog entry written by Black & Lobello's own Tisha Black-Chernine, Esq. Reposted with permission. Bank of America Will Cut Loan Principal for Some Customers On March 25, 2010, in Mortgage, Real Estate, by blacklobellolaw... read more
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Knowing the market

Mapping the commercial real estate environment
Posted by John McClelland on March 16, 2010 in No Category
CIRE Magazine recently did a Q & A with Ron Opfer, Director of Special Asset Solutions at Coldwell Banker Premier Realty and a recipient of ESRI's CCIM grant. Opfer discusses our use of ESRI's arcmap software as well as our data collection efforts. We present this information graphically so that bank clients can fully understand the economic and property landscape surrounding the assets that they hold. Click here to read the article.  ... read more
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Our Favorite Blog

Great blog for information on Short Sales
Posted by Randi Kolesar on March 15, 2010 in No Category

For great information regarding Las Vegas Short Sales, please visit:
http://blacklobellolawblog.com/

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Mark-to-market

FASB may push for expanded use of mark-to-market
Posted by John McClelland on March 15, 2010 in No Category
Today there was an interesting article in the Wall Street Journal regarding possible strengthening in mark-to-market rules. Banks have often been opposed to these rules because they are forced to write down values in times when they believe markets to be irrational, when investors flee a market based on fear. Conversely, banks may be holding loans at artificially high-values. Investors are tired of this, knowing that banks are holding some loans in la la land and are not moving forward in moving these loans and ult... read more
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