We received this information from a Realty Trac report. Don't be a statistic,
you do have options. Contact the Fraser Team today (702)622-0601
RealtyTrac: Nevada Foreclosure Rate Tops U.S. Again
LAS
VEGAS -- Nevada last month climbed back into the top spot as the state
with the nation's highest foreclosure rate due to spikes in default
notices and scheduled foreclosure auctions, RealtyTrac.com reported
Wednesday night.
The real estate analytics company from Irvine,
Calif., reported that one of every 359 Nevada housing units in August
was the subject of a new foreclosure filing, more than two-and-a-half
times the national average. RealtyTrac defines foreclosure filings as
including notices of default, notices of pending trustee sales and
repossessions by banks.
The company also reported that Las Vegas
in August had the nation's third highest foreclosure rate among large
metropolitan areas with one filing for every 323 housing units.
In
Nevada, 1,419 residences received notices of default, 1,282 were put on
notice regarding a pending trustee sale and 475 were repossessed by
lenders. There were an additional 60 lis pendens filings representing
alleged claims on property, bringing to 3,236 the number of housing
units that received foreclosure filings, according to the company.
RealtyTrac reported that Nevada foreclosure filings shot up nearly 104 percent over July and 10.8 percent over August 2012.
The
company said those increases, which caused Nevada to supplant Florida
as the nation's top foreclosure state, were fueled by a 226 percent jump
in default notices and 96 percent hike in
scheduled foreclosure auctions compared with July.
"The
foreclosure flood-waters have receded in most parts of the country, but
lenders and communities continue to clean up the damage left behind,
which means the recent uptick in bank repossessions is a trend that will
likely continue into next year," RealtyTrac vice president Daren
Blomquist said. "Meanwhile foreclosure flash floods will continue to hit
some markets over the next few months as delayed foreclosure starts are
quickly pushed into the pipeline. This was the case with the jump in
Nevada foreclosure starts in August."
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