Back in the early 90s, the number of Notice of  Defaults (NODs) were about twice that of the Notice of Trustee’s Sales (NTSs) and the Trustee’s Deeds were 1/3 to 1/2 of that. That pattern went on for years but now we’re seeing a shift. The NODs are down, most NODs go to a sale date and 50 – 70% either go back to the lender or are bought by an investor at the auction.

Currently, the number of NODs for April (410) is way down from March (546) but is the same as February.

Check out the chart for the last 12 months here.