Category Archives: Foreclosures

Are distressed sales still the driving force behind declining home prices in Reno and Sparks?

Posted on February 3, 2012 by Guy Johnson

The answer may surprise you. A recent study found that distressed properties are the driving force behind declining home values across the country. The analysis, conducted by CoreLogic, found that house prices fell 4.7 percent last year. However, if distressed … Continue reading →

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Is AB284 hurting more than helping?

Posted on January 30, 2012 by Guy Johnson

The Reno Gazette-Journal ran an interesting piece on the effects of AB284 on Washoe County’s shadow inventory. A few local real estate agents and others were interviewed for the piece, including this blog’s Mike McGonagle. See the RGJ’s Shadow Inventory … Continue reading →

Posted in Foreclosures | Tagged | 10 Comments

Nevada #1 in foreclosures for the 5th straight year

Posted on January 13, 2012 by Guy Johnson

Despite Nevada’s foreclosures dropping 31 percent in 2011 compared to 2010, the state’s 6-plus percent foreclosure rate was the highest in the country for the fifth consecutive year. Nevada’s 1 in 16 foreclosure filing rate is more than four times … Continue reading →

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Washoe County foreclosure-related recordings – December 2011

Posted on January 10, 2012 by Guy Johnson

Below are Washoe County’s Foreclosure Statistics for December 2011 provided by our friends at Ticor Title. The slight uptick in Notices of Sale can be explained by Ticor Title’s commentary below. Commentary:  The Notices of Defaults increased slightly, but the … Continue reading →

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Did house flippers cause the recession?

Posted on December 13, 2011 by Guy Johnson

A new report from the Federal Reserve Bank of New York shows that house flipping played a larger role in the housing bubble than originally thought and is largely to blame for the recession. See this msnbc.com story: Flippers’ housing … Continue reading →

Posted in Foreclosures, Lending, News | 38 Comments

Washoe County foreclosure-related recordings – November 2011

Posted on December 12, 2011 by Guy Johnson

Below are Washoe County November 2011 Foreclosure Statistics provided by our friends at Ticor Title. For the second month in a row the number of NODs filed is barely above the single digits. A big question on many minds is … Continue reading →

Posted in Foreclosures | Tagged | 2 Comments

Mortgage delinquencies forecasted to decline in 2012

Posted on December 8, 2011 by Guy Johnson

According to an annual forecast released yesterday by TransUnion, mortgage delinquencies are expected to decline by about 5 percent by the end of 2012. Specifically, mortgage delinquencies are expected to rise through Q1 2012 and then decline for the last … Continue reading →

Posted in Foreclosures, Lending | Tagged | 11 Comments

RU Fannie/Freddie?

Posted on December 1, 2011 by Mike McGonagle

So HARP 2.0 has launched, but your loan must be owned by Fannie Mae or Freddie Mac to qualify or even get considered. If you want to avoid a 2 hour phone queue with Citi/Chase/ BofA/ Wells just to ask … Continue reading →

Posted in Foreclosures, General, Lending | Tagged , , | 5 Comments