Ticor Title’s Washoe County Foreclosure Statistics for July 2016

The foreclosure statistics below are provided by Ticor Title Company.

[Click on the chart below to enlarge]

Commentary accompanying the report:

As you can see we have a flattening and almost decline in Foreclosure Activity. Why? Combination of many things. Property values are increasing and many homeowners are seeing equity in their homes compared to previous years. SB321 (Homeowners Bill of Rights) is still in affect creating homeowners to do foreclosure mediation and foreclosure alternatives which is causing delays on the Notices of Default. Short sales are still declining month over month according to NNRMLS stats on SFR stick built properties

Related post: Washoe County insured recordings statistics – March 2016