Washoe County foreclosures down 70 percent | Reno Real Estate ...

Covering a report released yesterday by RealtyTrac, the Reno Gazette-Journal reports that for Washoe County:

• 3rd-quarter foreclosures are down 70%
• September foreclosures are down nearly 10 percent compared to August
• September 2012 foreclosures are down nearly 75 percent compared to September 2011

The RealtyTrac report references state-specific legislation enacted within the past year as affecting the number of foreclosure-related filings. In Nevada?s case, that legislation would be Assembly Bill 284 (AB284). Regular readers of this blog will recall that AB284 went into effect on October 1 last year.

See the RGJ story here: County foreclosures continue to decline
See the RealtyTrac report here: Foreclosure Activity Drops to 5-Year Low in September

Below are the states with the largest annual decreases in foreclosure activity in the third quarter:?

1. Nevada: 71 percent decrease
2. Oregon: 63 percent
3. Utah: 60 percent
4. Virginia: 34 percent
5. California: 29 percent
6. Michigan: 28 percent
7. Arizona: 23 percent
8. Colorado: 21 percent
9. Georgia: 20 percent

source: RealtyTrac

Interestingly, Nevada, Oregon, and California (all on the list above) have recently adopted laws increasing or enforcing lender requirements for foreclosing.

I am a licensed Nevada REALTOR? living and working in Reno, Nevada. I also write for and maintain Reno's #1 real estate blog, the Reno Realty Blog. This entry was posted in Foreclosures and tagged AB284, foreclosure, Washoe County. Bookmark the permalink.

Source: http://renorealtyblog.com/2012/10/washoe-county-foreclosures-down-70-percent.html

cesar chavez day raspberry ketone ron burgundy millennial media nit championship transcendentalism bells palsy