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 March 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 March, Notices of Defaults (NOD) were equal and Notices of Sales decreased slightly. Trustees Deeds increased from 88 to 113. We are definitely continuing to experience 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 – February 2014
