Foreclosures Fall in the Reno-Sparks Area

The number of foreclosures fell, according to this report from channel 2, KTVN.  They attribute the improvement to the banks actually getting their act together.

Experts say banks are doing a better job of selling houses before they foreclose. "In the beginning, I think the banks weren't prepared for what happened. So, they're now getting systems in place where they're not taking as long. So, you don't have buyers backing out of them."

For more on foreclosures see The Reno Real Estate Guide.

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