Washoe County foreclosure-related recordings – February 2014

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 February 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…

In February, Notices of Defaults (NOD) went up slightly to from 35 to 59 and Notices of Sales decreased from 190 to 128. Trustees Deeds increased slightly from 71 to 88. We are definitely experiencing fluctuation in the foreclosure market due to new laws set forth by our State and the shadow inventory that has been clogging up from AB284/300 and SB321. 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 – January 2014