"Notice of Defaults (NODs) are on the rise in Vegas but the Good News"
Notice of Defaults (NOD's) are on the rise in Las Vegas but the Good News is...
NOD's still down 80% from 2009's highs.
Back in 2009 we had closer to 5,000 NOD's a month filed.
Since AB284 was changed in 2011 the NOD's plummeted as a side affect of them trying to curb the robo-signing fiasco. Since then we have stayed under 500 NOD's almost every month for several years.
Over the past couple months we have seen the NOD's jump up to:
May 673
June 660
July 1027
August 770
September 874
While this is an increase, it is still down from 5,000 a few years back.
I hope this helpful to buyers and sellers out there!
Best Regards,
Robert Adams
Licensed Real Estate Broker in NV, MA, & RI
NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies
C:702-349-9175
http://www.LVrealestateHELP.com
MA & RI Real Estate Broker at Sankey Real Estate
C: 508-250-0345
[email protected]
http://www.MArealestateHELP.com
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