Submitted by Anonymous on Fri, 10/26/2007 - 21:05.
Nevada’s Nye County foreclosure listings take a jump
The number of trustee sales notices soared from nine in August and September 2006 to 47 in August and September this year.
Actual trustee sales of property recorded with the Nye County recorders office -- the final stage of the foreclosure process -- were at a two-year monthly high of 19 in August 2007, while another 16 were recorded in September.
Sixteen notices of trustee sales were filed with the county recorder in August 2006, followed by less than 10 per month until March 2007.
Realty Trac, an Irvine, Calif.-based company that tracks pre-foreclosures, listed at the most, 28 properties in Nye County for any month in 2006. That includes any properties in the foreclosure process after the initial notice of default.
This year, the numbers soared to 59 in April, 55 in May, dipping in June and July, then back up to 55 in August. Consumer Credit Counseling provided advice to about 1,000 people last month, not entirely on housing matters.
The real estate slump has also affected building activity. While commercial projects are going up, Pahrump Building and Safety issued only 24 permits for new single-family residences in September, the lowest monthly total since May 2003. Pahrump Senior Building Inspector Brent Steed said, "It's real slow."
A drive around some new housing developments showed building activity was tentative, except in a couple of sections at the Mountain Falls North subdivision.
At the Beazer Homes Tesora at Pahrump project, 14 large homes from 2,357 to 2,995 square feet were already constructed on Sedgwick Avenue at The Enclave. But no one seemed to be on duty at the sales office Wednesday morning. A walled community of Beazer's Burson Ranch up the street, where the sign advertised homes of 1,625 square feet to 2,749 square feet, was empty inside the walls.
A tour of Concordia Homes of Nevada's Pleasant Valley project off Homestead Road, showed 49 homes already constructed, but the only activity Wednesday was a landscape crew putting in plants at Pleasant Valley Park. A count showed 14 for-sale signs in front of homes while there were 11 homes with vehicles parked in front that probably weren't construction workers.
"Our projects are moving right on along. I think we had four or five sales last month," said Concordia Homes spokesman Stormy Andrews of the Pleasant Valley project in Pahrump.
"We'll go through and build up an entire section and sell through it," he said. "Once we get through those, we start the next grouping." Rows of house frames were going up on cul-de-sacs in Mountain Falls in the Tivoli section and in Entrata. Luxury homes were going up in the Paradiso development, with advertised prices in the $400,000 range.
Source: http://www.pahrumpvalleytimes.com/2007/Oct-19-Fri-2007/ news/17379910.html
Actual trustee sales of property recorded with the Nye County recorders office -- the final stage of the foreclosure process -- were at a two-year monthly high of 19 in August 2007, while another 16 were recorded in September.
Sixteen notices of trustee sales were filed with the county recorder in August 2006, followed by less than 10 per month until March 2007.
Realty Trac, an Irvine, Calif.-based company that tracks pre-foreclosures, listed at the most, 28 properties in Nye County for any month in 2006. That includes any properties in the foreclosure process after the initial notice of default.
This year, the numbers soared to 59 in April, 55 in May, dipping in June and July, then back up to 55 in August. Consumer Credit Counseling provided advice to about 1,000 people last month, not entirely on housing matters.
The real estate slump has also affected building activity. While commercial projects are going up, Pahrump Building and Safety issued only 24 permits for new single-family residences in September, the lowest monthly total since May 2003. Pahrump Senior Building Inspector Brent Steed said, "It's real slow."
A drive around some new housing developments showed building activity was tentative, except in a couple of sections at the Mountain Falls North subdivision.
At the Beazer Homes Tesora at Pahrump project, 14 large homes from 2,357 to 2,995 square feet were already constructed on Sedgwick Avenue at The Enclave. But no one seemed to be on duty at the sales office Wednesday morning. A walled community of Beazer's Burson Ranch up the street, where the sign advertised homes of 1,625 square feet to 2,749 square feet, was empty inside the walls.
A tour of Concordia Homes of Nevada's Pleasant Valley project off Homestead Road, showed 49 homes already constructed, but the only activity Wednesday was a landscape crew putting in plants at Pleasant Valley Park. A count showed 14 for-sale signs in front of homes while there were 11 homes with vehicles parked in front that probably weren't construction workers.
"Our projects are moving right on along. I think we had four or five sales last month," said Concordia Homes spokesman Stormy Andrews of the Pleasant Valley project in Pahrump.
"We'll go through and build up an entire section and sell through it," he said. "Once we get through those, we start the next grouping." Rows of house frames were going up on cul-de-sacs in Mountain Falls in the Tivoli section and in Entrata. Luxury homes were going up in the Paradiso development, with advertised prices in the $400,000 range.
Source: http://www.pahrumpvalleytimes.com/2007/Oct-19-Fri-2007/ news/17379910.html
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