Nevada saw a decline in foreclosure-related activity in October. It was down by more than 26 percent from September. Activity in Nevada was lower by more than 4 percent compared to the same month last year.
Overall foreclosure-related activity — notices of default, notices of trustee sale and bank-owned foreclosures — fell in October on both a monthly and yearly basis for Washoe County, according to a report released today by RealtyTrac.Total activity was down by more than 23 percent compared to September, fueled by a sizeable decline in notices of trustee sales. Notices of default also decreased. However, actual bank-owned foreclosures stayed relatively flat.
Nevada’s foreclosure rate of one housing unit in 80, nearly five times the national average, is still considered to be quite high.