community stories for southern Nevada

Nevada bucks nationwide downward trend in foreclosures

You could read this article from the Las Vegas Sun (quoted below), or you could check out this nifty graphic instead. Same story. Nevada is number one…in foreclosures.

Residential mortgage foreclosure filings fell nationwide in September — but not in Nevada.

Statistics released today by RealtyTrac of Irvine, Calif., show the numbers were up for Nevada and the state continued to lead the nation in foreclosure filings in both the third quarter and in September.

With unemployment running at 13.2 percent in the state, 18,766 foreclosure filings were reported in Nevada in September. These include default notices, scheduled auctions and bank repossessions….

…In Nevada, one in 23 housing units received a foreclosure filing in the third quarter — nearly six times the national average.

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