Carson City, NV – December 24, 2008 – (RealEstateRama) – Comments from Governor Gibbons to the banking industry:
“I appreciate the recent conversations we have had with you and your staff as we try to work together to resolve many of the problems with mortgage loans in Nevada.”
“I am also pleased that you are working to ensure that mortgage foreclosure activity is kept to a minimum, and that you are committed to taking all possible steps to halt foreclosure activity and evictions during the holiday period. Specifically, I appreciate your commitment to end foreclosure sales on all fully bank-owned mortgages through the end of January.”
“In addition, your program to pause the foreclosure process while working with homeowners will greatly aid those who are trying to stay in their homes. We all agree that keeping people in their homes while working with them to resolve their issues benefits everyone and is in the best interests of the community and the individual homeowners.”
“I want to again thank you for working with me and other state government agencies in Nevada to ensure that homeowners are aware of the many resources available to them to avoid foreclosure. As you know, the best solutions can only be implemented when homeowners and lenders communicate before the loan is in default.”
“Again, thank you for taking steps to help stem foreclosures in Nevada, and I look forward to continuing working with you to reduce home foreclosures and work toward economic recovery in Nevada.”
