Thanks to Ticor Title and Erin Schiller for the foreclosure statistics from January 2014.
You can read the full report and commentary by clicking the picture to the right. Below is a brief snippet.
- Notice of Defaults (start of foreclosure) were up 3 compared to last month. No major change as SB321 is still keeping foreclosures down.
- Notice of Sales (house sent to courthouse auction) were up 58 to 190 which is somewhat of a jump but many of these are being postponed due to short sales and loan mods.
- Trustee Deeds (the house sold at the courthouse) were two up from December but still lower than what we’ve seen in the previous months.
- New REO listings jumped up to 47 but most of these are overpriced and are already starting to reduce price.
For more information on buying or selling in Reno and Sparks contact Ricky at (775) 393-9601 or Ricky@RickyBeach.com