SellingNorthernNV

Quality Real Estate News and Market Data

Commercial Real Estate – General tips for drafting an effective Letter of Intent

Josh Talayka | August 24, 2012

A letter of intent is preliminary agreement (generally non-binding) which outlines important terms of a desired transaction between parties. There is no set format for a LOI, but the language should be clear and simple. Here are a few tips that will help you draft a much more successful LOI:

Nevada benefits from the AG and Bank of America Settlement

Josh Talayka | July 18, 2012

Early this year (2012), five of the largest mortgage servicers (Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally) entered into a $25 Billion settlement with the Attorney Generals from 49 states (Oklahoma is the only state that didn’t participate).
In addition to the $25 Billion National Settlement, Nevada’s AG was able to negotiate an additional $780 Million agreement with Bank of America.

Sparks, NV – Business License required for some Real Estate investors

Josh Talayka | July 9, 2012

Before you decide to purchase property or lease out your existing property within the City of Sparks, be aware that you may be required to obtain a City of Sparks Business License.