Washoe County Foreclosure Statistics For March 2013

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