Bill would shield homeowners from deficiency suits
A proposal in the state Legislature would allow Nevadans to walk away from their houses after a foreclosure or short sale without getting sued to repay the balance owed, even if they refinanced the property to buy cars, pay off credit cards, send kids to college or otherwise spend their home equity.
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Budget defeated, opportunities missed
The federal budget of 2011, tabled earlier this week, was designed as a low tax plan aimed at jobs and growth. It contained targeted spending measures toward those who needed it, while maintaining the necessary fiscal restraint required during tough economic times.
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