Southern Utah Notice of Defaults Down Third Month In A Row
With the constant static noise, of bad news regarding foreclosures lately, SaintGeorgeHomes.net is happy to note that there was a bit of a bright spot on the Notices of Default front for in the month of October, as recently complied data would suggest, foreclosure numbers remained steady in October here in the Southern Utah foreclosure real estate market. As there was much warranted concern regarding the foreclosure moratorium that many of the larger banks had implemented and the back log of inventory that may follow. Many experts thought that the NODs and foreclosures would fall off sharply, as banks held onto inventory. As of 11/06/2010 there are currently80 homes listed for sale as “Foreclosures” onthe Washington County Board Of Realtors MLS system for greater Saint George Ut.
St George UT. For thefifth straight month in a row, NODs are down…
August: 191 NODs,
September: 188 NODs
October: 177 NODs.
As of today Notice of Defaults are tracking below 2008 NOD’s,important as it was our high water mark at a horrible time in the U.S. realestate history.
