Because you all seem to like charts so much (and also because charts are a bit easier to post using this new platform), I’d like to share a couple more I received recently. The first shows REO’s for the state of Nevada broken out by county. The second shows Pre-foreclosures for the state, again broken out by county. Both charts also display a neat color-coded map of the U.S., which places Nevada at the highest in the country for “per household” REOs and Pre-foreclosures. (Data is YTD – December 2007).
For those new to these terms:
Pre-Foreclosure – refers to the period between when a lender has filed a foreclosure suit against the borrower and when the property is finally foreclosed upon.
REO – “Real Estate Owned”. Property which is owned by the lender after an unsuccessful sale at a foreclosure auction. [see Wikipedia’s definition for more on this topic.]
click on the images above to enlarge