Washoe County foreclosure-related recordings – November 2013

Below please find Washoe County Notices of Default (NODs), Notices of Sale (NOSs), Trustees Deed Filings (TDs) and New SFR REO Listings statistics for November 2013 provided to us by our friends at Ticor Title of Nevada, Inc. [Click on the chart below to enlarge.]

Ticor Title’s commentary accompanying the statistics…

Notices of Defaults (NOD) went from 34 to 41 and are relatively flat. Notices of Sales slightly increased from 97 to 100. Trustees Deeds decreased significantly from 104 to 74. There is a decrease in the foreclosure activity, primarily due to new laws set forth by our State. SB321, “The Homeowner’s Bill of Rights,” is affecting how the banks are foreclosing, requiring them to reach out and provide Foreclosure Prevention Alternatives to homeowners that are late with their mortgage payments and possibly facing foreclosure.

related post: Washoe County foreclosure-related recordings – October 2013