You can view the whole report through this link, September Foreclosure Stats, or by clicking on the picture.
Below are the main points...
- Notice of Default (start of foreclosure) rose by 11 to 132. Nothing major.
- Notice of Sale (telling the owner it's about to be foreclosed on) dropped by 19 to 79. Nothing major.
- Trustees deed (it was foreclosed on) went up by 7 to 48. Nothing major.
- New REO properties went up by 1 to 27. We haven't topped 50 new REO properties in a month since October 2012. For reference, there were 181 in September of 2011.
Overall, the distressed market won't be coming back in the near future. Especially, since banks don't like foreclosing during the holidays. Something about not wanting to be known as the guys who kicked a family out on Christmas Eve.
For more information use my sites below or contact me at (775) 393-9601 or Ricky@RickyBeach.com