VAREP, NHD donate house to Reno Army veteran
U.S. Army Sergeant Leif Apag received the keys to his newly renovated home in Reno Friday morning. The home was donated mortgage-free by the Veterans Association of Real Estate Professionals (VAREP) in partnership with the Nevada Housing Division. Sergeant Apag enlisted in 2002 and did a tour in Iraq. His job was driving tractor-trailers of ammunition, equipment and other supplies to locations in Iraq. Apag was honorably discharged in 2008 and is now in school pursuing a nursing degree.
Northern Nevada VAREP Chapter President Bill Process, a current NVAR director, and VAREP member Mark Ashworth, the 2016 NVAR Vice President, were among the VAREP officials spearheading the effort to get Sergeant Apag’s new home renovated and completed over the past year. Both were on hand for Friday’s key ceremony with Ashworth serving as the event’s Master of Ceremonies. NVAR's staff and Executive Team even chipped in to fill the family's new fridge with groceries.
VAREP (Veterans Association of Real Estate Professionals) was established in 2011. It is a non-profit organization dedicated to increasing sustainable homeownership, financial-literacy education, VA loan awareness and economic opportunity for the active-military and veteran communities. Click here for more details on the event.
LeadershipNVAR off and running in 2017
LeadershipNVAR’s Class of 2017 kicked off its year of festivities with the first of its four traditional programs, Jan. 24-26 in Scottsdale, AZ. The 15-member class made the Marriott in Oldtown Scottsdale its home for three days of activities to promote leadership and growth.
Tom Blanchard, Lisa Cobb, Tamra Coulter, Stephanie Dibbs, Cheryl Henning, Jerome Johnson, Tim Kelly Kiernan, Angela Lage, Alex Malenkina, Rebecca McKenna-Inman, Kendra Murray, Merri Perry, Naomi Pettit, Whitney Richburg and Kaycee Summers make up the group, which is comprised of some of the state’s best and brightest real estate minds, hailing from Elko to Minden and Reno to Las Vegas. Read the entire story here.
Members encouraged to keep account information current
NVAR invites REALTORS from across the state to check and update their personal profiles in RAMCO, which members can log into at NVAR.org. Members can also contact their local associations to provide updated account information.
It is vital that members keep their profile information -- including their current email address -- up to date. Current contact information allows NVAR and NAR to reach members with important information regarding billing, Calls to Action and upcoming events. Additionally, without a current email address, members could miss out on valuable information from NVAR’s weekly newsletter and the Advocate, which focuses on statewide legislative news.
If you have further questions or concerns about keeping your member account updated, you can inquire by email at email@example.com.
Nevada, Florida, Illinois have most 'underwater' mortgages
Silver State still leads nation with highest percentage of homes 'underwater'
Of some 48 million mortgaged residential properties in the United States at the end of the fourth quarter of 2016, approximately 3.2 million (6.2%) are properties where the mortgage amount is greater than the value of the property. The percentage of underwater or negative equity properties at the end of the fourth quarter was lower than the total at the end of the fourth quarter of 2015 (4.3 million and 10.7%).
About 15% (approximately 7.7 million) of all mortgaged properties have positive equity of less than 20%, and 1.6% had less than 5% positive equity at the end of 2016. The percentage of homes with less than 20% positive equity is lower than at the end of 2015 when 18.9% of all properties had positive equity below 20%.
The aggregate value of properties with negative equity fell by $25.9 billion year over year in the fourth quarter to a nationwide total of $283 billion. The data was released last week by research firm CoreLogic. Read more here.