Las Vegas Sun

October 4, 2015

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Letter to the editor:

Force lenders to release homes

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My husband and I have been offered career opportunities in Nevada. We spent weeks looking for housing. We found nothing. Look on any real estate site and you’ll see thousands of homes for sale in Nevada.

When you try to see the homes, it seems like 99 percent are unavailable because of the lenders. Most are vacant, and they cause a blight in every neighborhood.

When a home is in foreclosure, no one is paying the real estate taxes — millions of dollars are owed to Nevada and could remain unpaid indefinitely.

Thousands of homes have sat in foreclosure for years and will continue to sit unless your Legislature acts to force lenders to release homes. The lenders now let a fraction on the market.

The Legislature can establish reasonable guidelines for the foreclosure process and force lenders to release homes so that they can generate tax revenue.

I realize this may cause prices to drop at first, but it would generate income for the state in unpaid taxes and also bring people like us to Nevada.

In the long run, it would raise prices and help neighborhoods — the vacant homes would be purchased and cleaned up, and the value of the entire area would increase.

State officials should open Nevada for business again.

“Home means Nevada” to us, as well.

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