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Greetings!  I want to quickly update everybody on some new Real Estate news that everybody needs to know:

1. The Attorney General of Nevada launched a “new” program called Home Again.  It makes it easier for distressed homeowners in Nevada facing foreclosure to determine what state or federal assistance may be available to them with a single “one-stop”, free resource – long over do! It is a single source for all distressed homeowners in Nevada to contact. It is specifically aimed to:

• Homeowners seeking loan      modification
• Borrowers current but      underwater
• Those who lost homes to      foreclosure
• Households working towards      homeownership

Friends, family, neighbors just need to call 1-855-457-4638

For more information, go to www.homeagainnevada.gov or to the Attorney General’s website.

Upon calling the toll free number (I waited for about 15 minutes on hold,) then spoke to a very knowledgeable person that explained the process. Upon reaching someone at the Home Again program, they will give you some information on the phone and then you will be transferred to a HUD approved counselor to make an appointment.

1. Short Sales remain a staple in our market and for the foreseeable future.  Congress has extended the certain provisions of the Mortgage Forgiveness Debt Relief Act, HR 3648, until December 31, 2013. This gives debt relief on your income taxes for just one more year!  This act benefits qualified homeowners who may have otherwise owed taxes on forgiven debt after going through a short sale.  If anybody is thinking about doing a short sale this is the time to act.  Who knows, with prices going up a short sale may not be necessary!  Call me – Kevin Bown!

If your friends, family and/or neighbors are facing possible foreclosure, have them give me a call 775.813.2387. There are alternatives. There is help out there with the HAFA, HEMP, and other Federal programs.  The state’s Hardest Hit Fund Program (they still have funds available!) is another great resource.  My advice is free.  Your referrals are appreciated! 

It is a great a time to buy and to sell!