More than 60% of Las Vegas home are underwater - meaning the homeowners owe more than the home is worth. A new study finds that the farther underwater a homeowner is, the more likely he is to walk away from the home.
The failure to pay regular dues to homeowners associations is leading to
foreclosures, and we hear how the process works and why HOA's decide to
foreclose. Guests include David Stone, president of Nevada Association Services, a collection agency that represents HOAs; Jason Ekus, secretary of the Casa Rosa Homeowners Association Board; and Wendy Linow, director of education for Terra West Property Management, which oversees 170 homeowner associations in southern Nevada.
Radio Broadcast of the June 11, 2009 Town Hall Meeting, Hope at Home: Facing the Mortgage Crisis in Southern Nevada, presented by Nevada Public Radio & KCEP.Hosts Dave Berns and Patricia Cunningham moderate a discussion on the impact of the foreclosure crisis in this region and how ethnic minorities have disproportionately been affected.
Krystal Hosmer, former homeowner
Cena Valladolid, Chief Operating Officer of Consumer Credit Counseling Services of Nevada and Utah
Spencer Judd, attorney, Albright Stoddard Warnick & Albright
What happens to people who have lost their homes? Can they still be sued for the unpaid debt? Can they still be forced into bankruptcy after foreclosure? How can they prevent being bankrupted? And what can they do to repair their credit. A former homeowner will explain how she lost her home and experts on credit and legal issues will offer their advice on how to deal with the problems that come after the bank has sold the home.
How many people have filed for personal bankruptcy during the past year? Who are they and why? We tackle those questions when we speak with Federal Bankruptcy Court Judge Bruce Markell; bankruptcy lawyer Tim Cory; and University of Illinois law professor and blogger Bob Lawless, who writes for creditslips.org.