Ticor Title Company sent out the updated foreclosure stats for March 2013.
The full stats can be viewed by clicking the picture to the right.
- Notice of Defaults hit their highest point since September 2011 (start of AB 284)
- Notice of Sales (final recording before foreclosure) at their highest since February 2012
- Trustee’s Deeds were at their highest since July 2012 (small change)
- New REO listing have hit their lowest point (24) since Ticor began collecting the data
The increase of NODs and NOSs is a good sign for buyers though it’s going to take at least 9 months to get NODs into Trustee Deeds. Sellers may only have a limited time to name their price when selling their homes.
For more information on buying and selling in Reno or Sparks contact Broker Ricky Beach at (775) 750-1437 or Ricky@Resnv.com