Joshua Talayka

A recent analysis of U.S. Census data performed by the Pew Research Center has indicated that the gap in wealth between whites and various minority groups has increased to record levels as a result of our housing crash. This is primarily due to the fact that before the housing crash the accumulated wealth of minorities was primarily attributed to their home equity, while many white households wealth was built on a much more diversified portfolio which in addition to home equity may include stocks, bonds, etc.

According to their analysis, Pew Research found that between 2005 & 2009 the average net assets of the various groups had declined as follows:

Net Assets of African American households declined to an average of $5,677, which represents a 53% decline from 2005.

Hispanic households experienced an average of a 66% decline in net worth and had average net assets equal to $6,325 by 2009.

This is in comparison to the average white household who only experienced and average decline of 16% of their net worth, and in 2009 had average net assets equal to $113,149.

Related Posts:

5 Factors to Housing Recovery
Home Values Continue to Decline

Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

Source of Information: Realtor Magazine

When purchasing Real Estate with the use of a Power of Attorney, you will want to make sure that the Power of Attorney form is drafted and executed properly in order to ensure that it doesn’t cause the file to become red flagged during the escrow process. The following checklist was provided to me by First American Title Insurance Company.

See Power of Attorney Red Flags

Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

When you really break it down, there are 5 main factors that traditionally drive our market and will also be the same factors that will drive our recovery. The first 4 factors are easy to monitor and track: Housing Affordability, Job growth, Demographics and available credit. The 5th factor is more difficult to pin down (though not impossible), this is the “human” factor. Having an understanding of these 5 factors and their trends allow us to make reasonable predictions on how our market will develop in the near future.

For a further explanation of how these 5 factors will drive our recovery, please see my complete blog post on the subject: 5 Factors to Recovery

Related Posts:

National Association of Realtor’s 2011 Outlook
Is it Still a Good Time to Buy?

Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

An investor in today’s market can find themselves in a long term leaseback transaction which will be brining a positive annual cash flow of 7% or grater (8% or more in retail leaseback transactions).

View the complete Blog Post: Commercial Leaseback

Related Posts:

Commercial Investors Jumping Back into the Game
Commercial Real Estate sees Improvement
Turn your Vacant Space into a Charitable Write-off

Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

At the onset of our current economic recession, the majority of distressed homeowners having difficulty paying their mortgage came from the subprime sector where borrowers were facing adjustable interest rates. As the markets have continued to worsen and unemployment/wage reductions have increased, these defaults have expanded to include all types of mortgages, including FHA. However, one of the benefits of an FHA mortgage is that there are many workout options in place to assist borrowers.

The following are just a few of the workout options that the Department of Housing and Urban Development (federal agency that regulates and insures FHA mortgages – HUD) has in place:

Special Forbearance
Loan Modification
FHA’s Home Affordable Modification
Partial Claim
Pre-Foreclosure Sale Program
Deed-In-Lieu of Foreclosure

For details and eligibility guidelines on these programs, please read the complete post: FHA Workout Options

Related Posts:

Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

Legal disclaimer: I am not an attorney, tax professional, modification specialist or credit counselor. The information contained in this article/blog is intended to provide general information on the subject and not to provide any legal, tax, or credit advice. You should not act upon this or any information without first seeking independent tax and/or legal counsel..