Nevada Back on Top in Foreclosures

By: AP Email
By: AP Email

LAS VEGAS (AP) - Nevada's reclaiming its title as the
foreclosure capital of the U.S. after a one-month stint in the No.
2 spot.

Data released Thursday by RealtyTrac shows Nevada's foreclosure
rate edged out second-place California in April, even though
foreclosure activity that month was down 67 percent year-over-year.
Foreclosure activity inched up less than 1 percent from March.

One in every 300 housing units in Nevada had a foreclosure
filing in April.

Nevada had a 62-month streak as the top state for foreclosures
until Arizona knocked it from the top spot in March. But RealtyTrac
says the Silver State has seen a 15 percent increase in foreclosure
starts since March.

Foreclosures in Nevada have been declining since a state law
took effect in October, requiring lenders to file more paperwork to
foreclose.


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