Money Watch Q&A: Deed in Lieu of Foreclosure - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Money Watch Q&A: Deed in Lieu of Foreclosure

Posted: Updated:

Many Nevada homeowners are still struggling to make their mortgage payments. If this includes you, did you know you may qualify for relocation assistance? Fannie Mae and Freddie Mac backed-banks are offering its customers upwards of $3,000 to move. Plus, this Deed in Lieu of Foreclosure program now eliminates the mountain of paperwork that used to accompany this process.

Marshall Carrasco of Marshall Realty joined us for our Money Watch Q&A segment to discuss these home seller incentives. He says, in some cases, homeowners who qualify for this program are eligible to stay in their home as renters. It is part of a pilot program going on right now. Carrasco says the most promising part of this program is that homeowners are released of any liability after handing their keys back to the bank. Carrasco says this program helps banks prevent losing even more money to homeowners who cannot pay their mortgages and it offers struggling homeowners a fresh start.

To learn more, Marshall Realty's contact information is as follows:

(775) 787-7400
9740 S. McCarran, Blvd #103
Reno, NV 89523
solutions@marshallrealty.net

Written by Kristen Remington

  • Today's Top StoriesMore>>

  • Dons Score Late to Down Wolf Pack

    Dons Score Late to Down Wolf Pack

    Wednesday, April 23 2014 2:57 AM EDT2014-04-23 06:57:16 GMT
    The University of San Francisco (19-20) scored three runs in the top of the ninth to defeat the University of Nevada (21-17) baseball team 4-1 in a nonconference matchup at Peccole Park on Tuesday night.More >>
    The University of San Francisco (19-20) scored three runs in the top of the ninth to defeat the University of Nevada (21-17) baseball team 4-1 in a nonconference matchup at Peccole Park on Tuesday night.More >>
  • Aces Win, Take Series in Fresno

    Aces Win, Take Series in Fresno

    Wednesday, April 23 2014 2:45 AM EDT2014-04-23 06:45:22 GMT
    The Reno Aces wrapped up their first series win of the season Tuesday with a 4-3 road victory.More >>
    The Reno Aces wrapped up their first series win of the season Tuesday with a 4-3 road victory.More >>
  • License Plate Sales Fund Tahoe Preservation Projects

    License Plate Sales Fund Tahoe Preservation Projects

    Tuesday, April 22 2014 10:23 PM EDT2014-04-23 02:23:59 GMT
    The Division of State Lands has announced the 2014 Lake Tahoe License Plate grant recipients. Grant funds are made available annually for projects that preserve and restore the natural environment of the Lake Tahoe Basin. Approximately $350,000 was generated last year from the purchase of Nevada Lake Tahoe license plates.More >>
    The Division of State Lands has announced the 2014 Lake Tahoe License Plate grant recipients. Grant funds are made available annually for projects that preserve and restore the natural environment of the Lake Tahoe Basin. Approximately $350,000 was generated last year from the purchase of Nevada Lake Tahoe license plates.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.