Below please find Washoe County, Nevada Notices of Default (NODs), Notices of Sale (NOSs), Trustees Deed Filings (TDs) and New SFR REO Listings statistics for August 2014 provided to us by our friends at Ticor Title of Nevada, Inc.[Click on the chart below to enlarge.]
Ticor Title’s commentary accompanying these foreclosure statistics…
Notices of Defaults (NOD) and Trustees Deeds went down slightly and Notices of Sales went up a little, but really no significant change since July. There are sporadic ups and downs due to SB321 (Homeowners Bill of Rights), Loan Modifications that have not worked out for the homeowner and there is no other alternative but to foreclose, banks are finding paperwork needed in order to foreclose, and years of foreclosure mediations are coming to a finish line. We will continue to see unpredictable numbers in the foreclosure recordings in our market.
related post: Washoe County foreclosure-related recordings – July 2014