One in every 286 homes in Incline Village is in foreclosure. Incline Village is also number 2988 in zip codes for foreclosure rate ranking. Still think we are immune up here? Just because Incline Village has been associated with lots of money and a huge 2nd home market does not mean that we are immune to foreclosures. In fact during the boom of the real estate market in Incline Village everyone and their mother were trying to figure out how to get a piece of the action and therefore…bam! We saw an influx of buyers who were scraping the bottom of the barrel, getting themselves into loans they should not have and now…here we are…
Foreclosure activity is based upon the total number of properties that receive foreclosure filings (default notices, foreclosure auction notices or bank repo notices each month).
Here is a geographical comparison for Incline Village or Zip Code 89451 (Source: Realty Trac)
Foreclosure Activity By Month for Incline Village or Zip Code 89451 (Source: Realty Trac)
A Reno news channel this morning reported that one in every 108 homes in Washoe County is in foreclosure. They also reported that foreclosures are up 18% over last year for the same time period. This problem is not going away despite the efforts of government to slow or heal the process.
If you need help and are in a distressed property situation you should contact a Certified Distressed Property Expert in your area to see how they can help you or click here. If you are looking to purchase distressed property in hopes of scoring a great deal click here.
