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 July 2014 provided to us by our friends at Ticor Title of Nevada, Inc.[Click on the chart below to enlarge.]
Notices of Defaults (NOD) increased significantly, from 85 in June to 125 in July. Notices of Sales decreased slightly from 94 in June to 90 in July. Trustees Deeds increased from 34 in June to 45 in July. Why the sporadic ups and downs in the foreclosure market? Some of this is caused by SB321 (Homeowners Bill of Rights), Loan Modifications that have not worked out for the homeowner and there is no other alternative but to foreclose, banks are finding paperwork needed in order to foreclose, and years of foreclosure mediations are coming to a finish line. We will continue to see unpredictable numbers in the foreclosure recordings in our market.
related post: Washoe County foreclosure-related recordings – June 2014