More homes in foreclosure have been progressing to a sale date and not being cured in the initial Notice of Default phase. Usually, about 40 – 50% end up going to sale, but July REOs were at a yearly low of 28%. This decrease might be contributed by home owners getting loan mods or successful short sales.

NODs have been steady since April at about 400; NTSs match June at 519; and REOs rolled over from 233 to 145.  See the 12 month chart.