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Debt Relief – Insolvency – Bankruptcy Information » Foreclosure Law » Washoe County Foreclosure Stats and the Shadow Inventory Thats Looming

Washoe County Foreclosure Stats and the Shadow Inventory Thats Looming


Erin Schiller from Ticor Title discusses some of the foreclosure stats her company provides as well as what shadow inventory of REO’s may be on the horizon in our area. Since this was filmed, one major law has changed as follows: Effective, October 1, 2011, Nevada has a new Foreclosure Law AB284 affecting NRS 106.210, 107.070, 107.210 etc. This law among many other things, requires a notice of default and election to sell real property subject to a deed of trust to include an affidavit setting forth certain information concerning the deed of trust, amounts due, the possession of the note and the deed of trust and the authority to foreclose. Erin can be reached at eschiller@ticortitle.com or 775 324 7400. Ben Galles of Trinity Commercial can be reached at ben.galles@trinitycommercial.com or 775 750 6429. For more Reno commercial real estate, go to www.thebizscoop.com.

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