April 17, 2014
LAS VEGAS (AP) - Analysts say the number of Nevada properties entering the foreclosure process has almost doubled compared with a year earlier.
Statistics released Thursday by RealtyTrac show nearly 2,200 homes received an initial notice of default in March, up 88 percent compared with the same time a year ago and marking an 18-month high.
But the state's overall foreclosure rate has changed little year-over-year, thanks to fewer repossessions. Nevada's foreclosure rate ranks first in the nation even after dropping about 3 percent from last March.
One in every 306 Nevada properties received some sort of foreclosure filing in March.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.