In The News | Industry Trends | Commercial Real Estate
Nevada foreclosure sales jumped sharply in March, rising 109.5 percent from February on a daily average basis, Discovery Bay, Calif.-based ForeclosureRadar.com reported TuesdayOne of the reasons foreclosures fell in February was a lower-court ruling against Recon Trust, a major trustee for Bank of America, said Mark Skilling, chief operating officer of ForeclosureRadar. The order was overturned by a federal court in February. "This month, we see a little yo-yo action going on because sales are back up dramatically," Skilling said. "You're kind of back to normal in terms of sales back to the bank."
