Posted on Sunday, April 25, 2010
Default notices, scheduled auctions and bank repossessions are all measures related to mortgage foreclosures and market indicators. A total of 932,234 were properties fell into one of these buckets during the first quarter of 2010, 7% up from the quarter before and 16% up from the same quarter last year. Another 367,056 recevied filings in March, 19% up from February and the highest number ever.
DEFAULT NOTICES: received by 304,799 properties during first quarter, up 1% from prior quarter but down 1% from first quarter 2009, and down 11% from 3rd quarter 2009.
FORECLOSURE ACTIONS: scheduled for 369,491 properties, highest ever, up 12% from prior quarter and 21% from 1st quarter 2009.
BANK REPOSSESSIONS; record high 257,944, up 9% from prior quarter and 35% from 1st quarter 2009.
For past 13 quarter Nevada has been highest, 1 in every 33, over 4 times national average.