Below are Washoe County Notices of Default (NODs), Notices of Sale (NOSs), Trustees Deed Filings (TDs) and New SFR REO Listings statistics for August 2013 provided to us by our friends at Ticor Title of Nevada, Inc. [Click on the chart below to enlarge.]
Notice of Defaults (NOD) increased significantly from 74 recordings to 151. Notices of Sales are also up from 154 in July to 211 in August. Trustees Deeds decreased from 119 to 80 recordings. The increase of Notices of Defaults and Notices of Sales could be because of the new foreclosure requirements that the banks will need to comply with when SB321 becomes effective October 1, 2013. According to a few Bank officials I spoke to, the banks are evaluating the changes and working on their policies and procedures for the changes of AB300 but more importantly to prepare for SB321.
related post: Washoe County foreclosure-related recordings – July 2013