August 2014

There are 1 blog entries for August 2014.

Notice of Defaults soar in Nevada but let's look at the real numbers that matter...

Friday, August 15th, 2014 at 6:31am. 9480 Views, 0 Comments.

Notice of Defaults soar 128% in Nevada

From the Las Vegas Review Journal:

Notice of Defaults Soar in Nevada

Lenders filed 1,037 notices of default to start foreclosure proceedings in July, up 128 percent from July 2013, RealtyTrac reported. It’s also the highest number of starts since October, when the state’s Homeowners Bill of Rights took effect and put new restrictions on banks looking to foreclose. Monthly foreclosure starts had ranged from 284 to 708 in the first half of 2014 as banks adjusted to the regulations.

Is this a reason to panic if you are a homeowner concerned about their equity? Probably not when you look at the real numbers of bank owned homes that are actually available for sale on the Las Vegas MLS. Should a Las Vegas real estate buyer wait…