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.


 

Support Local Journalism

Readers around Lake Tahoe, Truckee, and beyond make the Sierra Sun's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.