Foreclosures Drop in October


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.

Advertisements

About rereno

Real estate investor
This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s