Monthly Archives: October 2009

October NOD NOS TD Activity

Posted on October 30, 2009 by Mike McGonagle

Thanks to the Nevada Day Holiday, the end of month update is early.  NODs fell to 765 from 930 last month, to their lowest level of the year.  NOSs plummeted to 469 from 659, their lowest level of the year … Continue reading →

Posted in General | 11 Comments

Montage Lawsuits

Posted on October 26, 2009 by Mike McGonagle

Back in April, Ticor Title, who holds the Montage escrow accounts, filed an "Interpleader"  lawsuit against Montage Marketing Corporation (Corus Bank).  Deposit holders wanted their money back, Montage didn’t want to give it back, so Ticor was stuck in the … Continue reading →

Posted in General | 82 Comments

Senate to extend, then phase out first-time homebuyer’s credit

Posted on October 26, 2009 by Guy Johnson

It looks likely that Senators debating the extension of the First-time Homebuyers Credit will compromise by extending, then phasing out, the credit over 2010.  The extension of the First-time Homebuyer’s Credit will most likely work like this: First-time homebuyers who … Continue reading →

Posted in News | Tagged | 16 Comments

Real estate auctions on the rise

Posted on October 25, 2009 by Guy Johnson

In case you missed it, today’s Reno Gazette-Journal had a piece by Jason Hidalgo on local real estate auctions; see Real estate auctions, on the rise, attract new audience. During his research for the story Jason interviewed this blog’s own … Continue reading →

Posted in Agent Insights | Tagged | 1 Comment

This Week @ the Courthouse

Posted on October 22, 2009 by Mike McGonagle

There were 93 Trustee’s Sales scheduled for the courthouse steps in the past 8 days (that’s as far back as I can accurately track the results).  46 (50%) went back to the bank.  41 (44%) were canceled.  4 (4%) were postponed, … Continue reading →

Posted in General | 40 Comments

New stats for Washoe County recordings

Posted on October 22, 2009 by Guy Johnson

I know many of you are going to love these new charts produced by our Friends at Ticor Title.  These new charts expand on the always popular Washoe County Notices of Default Filings chart by additionally presenting statistics for Notices … Continue reading →

Posted in Foreclosures, Market Trends | Tagged , , , , , | 12 Comments

Should a rental property be classified as a nuisance?

Posted on October 21, 2009 by Guy Johnson

This morning I received an email from the Reno/Sparks Association of REALTORS® alerting me that “Washoe County is proposing an ordinance to consolidate nuisance codes, and is seeking to add a section that defines vacation home and rental land uses … Continue reading →

Posted in News | Tagged , | 10 Comments

Ticor Title charts for September

Posted on October 18, 2009 by Guy Johnson

The latest Washoe County recording stats have just been released by our friends at Ticor Title.  September saw: Re-fis continue to fall; down 15% from August’s number New homes sales up nearly 13% over August’s new home sales Resales also … Continue reading →

Posted in Foreclosures, Market Trends | Tagged , , , , , | 134 Comments