Washoe County foreclosure-related recordings – February 2013

Below please find the Washoe County Notices of Default, Notices of Sale, Trustees Deed Filings and New SFR REO Listings statistics for February 2013 from our friends at Ticor Title of Nevada, Inc. All metrics were down for February, with trustees deed filings and new SFR REO listings falling to their lowest levels since we’ve been tracking them.

Click on the chart below to enlarge…
Ticor Washoe County Foreclosure February 2011-2013 Trend Line

Commentary accompanying the statistics…

Notice of Default (NOD), Notice of Sales (NOS), Trustees Deeds, & REO Listings, declined in February. As mentioned in prior comments, inventory in Nevada is down considerably and the real estate community is concerned about the lack of inventory available in the 1st and 2nd Quarter. According to some numbers provided, new listings on MLS have increased, but not enough for buyer demand. The biggest concern within the real estate industry is the increase in sales prices and a BUBBLE occurring once again. It is hoped that Homeowners who want to sell take advantage of the market conditions and Banks who are holding assets will release a healthy amount of inventory, at an affordable price, to assist in our backlog of buyers waiting.

Related post: Washoe County foreclosure-related recordings – January 2013

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