Search results matching tag 'default amounts'http://community.realtytrac.com/search/SearchResults.aspx?s=8&o=DateDescending&tag=default+amounts&orTags=0Search results matching tag 'default amounts'en-USCommunityServer 2008.5 SP2 (Build: 40407.4157)Re: How many homes have not been properly served by lenders to minimize the nod &amp; reo count?http://community.realtytrac.com/forums/p/486/1094.aspx#1094Mon, 31 Oct 2011 21:14:32 GMT464be561-3cfa-4c42-9be0-9131f5a8deae:1094darenb<p>Not sure I completely understand your question, but RealtyTrac did an analysis of NOD filings in California in August and found that the average default amount for those NODs was more than $37,000. If you assume the average monthly mortgage payment on a home in California is $3,000, that is more than one year&#39;s worth of missed payments on average before the NOD is filed.</p> <p>More on the August foreclosure numbers: <a href="http://www.realtytrac.com/content/foreclosure-market-report/august-2011-us-foreclosure-market-report-6836">http://www.realtytrac.com/content/foreclosure-market-report/august-2011-us-foreclosure-market-report-6836</a></p>