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To: DebtBomb who wrote (244265)4/15/2010 1:09:49 PM
From: cougRespond to of 306849
 
And we are keeping up locally..

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Distressed sale notices in Washoe jump in March
By Jason Hidalgo • jhidalgo@rgj.com • April 15, 2010

Trustee sale notices for distressed properties in Washoe County saw a sharp increase
in March, signaling a potential influx of bank-owned foreclosures into the market this summer.
Notices of trustee sale totaled 652 last month -- more than double the 282 in February, according to the latest report by national foreclosure tracker
RealtyTrac.
The number also is up 75 percent from March 2009.
A notice of trustee sale follows a notice of default and indicates a property can be sold
at the courthouse steps. Properties that don't sell end up as bank-owned foreclosures.
In comparison, notices of default fell by 10 percent to 771. The number of actual bank-owned foreclosures totaled 196 in March, an increase of nearly 7 percent.
Although the number of notices of default do not exactly equate to the eventual number of trustee sale notices, there has been a disproportionately large number of default notices compared to notices of trustee sale in previous months.
The spike in trustee notices might simply be a reflection of banks catching up to their backlog of cases as previous notices of default finally turn into notices of trustee sale, said Bill Uffelman, president and CEO of the Nevada Bankers Association.
"When you file a notice of default, the earliest you can initiate action to file a notice of sale is typically 90 days," Uffelman said. "And if a homeowner requests mediation (through the state's foreclosure mediation program) then it can take even longer."
Realtors, meanwhile, cautioned banks and servicers from sharply discounting the properties they put in the market, particularly those within the popular $225,000 and lower range.
With supply for entry-level homes being limited for some time, the market should be able to absorb 100 extra homes at the lower half of the market per month, said Ken Amundson, president of the Reno/Sparks Association of Realtors.
"In the last year-and-a-half, we have consistently seen three to five bidders for every bank-owned property in the most popular price ranges," Amundson said. "They don't need to lowball these homes or put them in a fire sale. The current appetite for homes will support a fair market price for these properties."
No one but the banks know, however, just what percentage of the inventory to be introduced to the market are entry-level. Although demand at the lower end of the market is brisk, the same thing can't be said about mid-level to high-end properties.
But even the extra inventory at the upper half of the market must be addressed at some point, said Brian Kaiser, a housing and real estate analyst for the Center for Regional Studies at the University of Nevada, Reno.
"The market will not be truly able to recover so long as these properties are sitting out there, so maybe it's a good thing to see this spike in (notices of trustee sale)," Kaiser said. "Sure, it's bound to lower property values more, but that's pretty much a foregone conclusion at this point so we might as well get through it as quickly as possible."

rgj.com



To: DebtBomb who wrote (244265)4/15/2010 1:33:30 PM
From: cougRead Replies (1) | Respond to of 306849
 
And the "people", if you can call them that, more like MONSTERS..:(, are getting hungrier and more brutal.. Is this the trend, Faber, Celente, etal, have been warning us about, now developing?..

I SURE HOPE NOT.

"""Last year, two arrests were made in the Elko area, he said. While there were 43 confirmed poaching cases last year compared to 71 in 2008, wardens said earlier this year that poaching seems to be on an upswing."""

"""Nevada game wardens are looking for poachers who killed three deer west of Carson City on February 25, including one doe who was pregnant with twins. Two does were found killed, with nearly all of the meat taken, and a buck was also discovered nearby in Voltaire Canyon, Rob Buonamici, Nevada’s chief game warden said. Two near-term embryos were found discarded near the gut pile of the animals."""

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Two Nevada men arrested for alleged poaching of antelope in Washoe County

Two men have been charged with poaching a pronghorn antelope last year in Washoe County, accused of killing the animal outside the hunting area specified on their tags, authorities said.

The arrests last week of Sean David O’Halloran, 34, of Clark County, and David Anthony Ebarb, 32, of Elko County, demonstrates the state wildlife department’s crack down on hunters who allegedly shoot and kill animals in coveted areas where other hunters have waited up to a decade for the privilege. Hunters enter a lottery to be able to obtain the hunting tags.
Photo Gallery: Recent local crime mug shots
Last year 150,000 applications were received by the Nevada Department of Wildlife, that ultimately issued more than 22,000 tags for elk, mule deer, bighorn sheep, antelope and mountain goat.

But officials said some hunters obtain tags for less-desired areas and then illegally hunt on the more prized spots. While few poachers are caught, NDOW spokesman Edwin Lyngar said wardens are on the lookout.

Last year, two arrests were made in the Elko area, he said. While there were 43 confirmed poaching cases last year compared to 71 in 2008, wardens said earlier this year that poaching seems to be on an upswing.

“People who shoot these animals illegally are taking them away from the honest sportsmen who waited, often many years, to get a tag for that area,” said Lyngar, adding the department manages herd populations and that illegal shootings impacts the area’s biology.

“You can’t just go and shoot populations of animals,” he said.

Sometimes poachers leave dead animals to waste, which is a felony offense.

Nevada game wardens are looking for poachers who killed three deer west of Carson City on February 25, including one doe who was pregnant with twins. Two does were found killed, with nearly all of the meat taken, and a buck was also discovered nearby in Voltaire Canyon, Rob Buonamici, Nevada’s chief game warden said. Two near-term embryos were found discarded near the gut pile of the animals.

There was a rash of poaching in November outside city boundaries of the Reno-Sparks area. A mule deer buck was found dead Nov. 6 near Mustang. Its antlers were taken but nothing else. About a week later, a doe was found dead north of Reno. Prior to those incidents, two bucks and a male pronghorn were illegally shot and left to rot outside Reno.

Ebarb and O’Halloran were contacted at their camp in August by a state game warden who determined they allegedly had unlawfully killed and possessed a pronghorn antelope, Lyngar said. The animal was shot near Findman Spring, in north Washoe County, which was outside the area where their tags allowed them to hunt.

On April 9, Ebarb and O’Halloran were booked into the Washoe County Jail on a warrant charging them with unlawful killing and possession of the antelope. They were released on their own recognizance and could not be reached for comment Wednesday.

Operation Game Thief is offering a $1,000 reward for information leading to the conviction of anyone responsible for poaching. Anyone with information should contact OGT at (800) 992-3030. Callers will remain anonymous.

rgj.com