Nevada County: Defaulted properties double | SierraSun.com

Nevada County: Defaulted properties double

Laura Brown
Sun News Service

The number of defaulted properties in Nevada County has doubled in the past year, according to figures from the county recorder’s office.

Since January lenders have issued 253 notices of default in the county. That’s up from last year, when lenders issued 124 notices during the same time period, according to recorded documents.

In the county, 282 homes are in some phase of foreclosure, bank ownership or sale, according to RealtyTrac, an online marketplace at http://www.realtytrac.com for foreclosure properties. Despite that increase, local mortgage officers said Monday rates have not reached a worrisome level in Nevada County.