- Foreclosure action for July 2010 remained pretty steady, which is probably a bad thing for us, all in all. NODs increased to 674 from 638 in June and 639 in May. NOSs were down to 573 from 600 in June and 582 in May. TDs ticked up to 298 from June’s 294, but down from 327 in May.
- 124 Trustee’s Sales were scheduled for this week. 62 were postponed, 34 were canceled, 23 went back to the lenders as REOs, and 5 were purchased by third parties. Inclinejj tracks similar stats for various markets he is interested in, and Reno Is WAY above his numbers for cancellations. Last week, there was a tag on the site for one property that I had never seen before – "Brought Current".
- One interesting postponed property was the Somersett Town Center, which was supposed to go to sale on the 30th. They got a 3 week reprieve, and are back on the courthouse steps August 21.
- NRES bought 11 TD properties, and sold 8, most notably 2525 W Lake Ridge Shores which was the site of the eviction standoff and fire a couple weeks ago. Greenstreet bought 3 and sold 2. Wood is Good bought 4 but didn’t sell any. ROI Strategies didn’t buy, but sold 2.
- The NOS of the week was for the Boulevard South project at Double R and South Meadows Parkway. Originally envisioned at a 1700 unit condo project in towers up to 40 stories high over a 5 story retail and parking base. One corner of the site was to be a Four Corners Marriott hotel, and another piece was supposed to become the Bordeaux, and high end retirement complex. Both to look dead, too.
- Great Time to Buy a Home - This gem from the President of the Nevada Association of Realtors was in the Homefinders insert to the RGJ Saturday. Is this a reprint from a 2005 article?
- Radioreference is a really cool web site that showed up in some comments on the RGJ this week. You can listen to police, fire, EMT, and air traffic control scanner traffic where available. I’m already addicted to the Reno feeds.
- 123Cam syndicates a bazillion web cam feeds from around the world. It is raining in Dubrovnik as we speak. It is a whole lot of fun.
- Siena – What a mess. Some of the investors have contacted me and provided some pretty shocking documents. But I need a mole from inside to speak about how the hotel vs. casino operations are doing, and ant other information you my know. My email link is at the bottom of the page, and I’m as confidential as you ask me to be. Always. I hate that Reno’s downtown is being held hostage in what comes down to a family feud, so spill your guts!
Just another month gone by for Reno real estate. Feel free to go off on tangents! It’s only a blog.