Nevada Ends Foreclosure Reign

By: Associated Press Email
By: Associated Press Email

Nevada's 62-month streak as the foreclosure capital of the nation has come to an end.

Data released Thursday by RealtyTrac shows Nevada dropped to the No. 2 spot in the country after its foreclosure activity fell about 8 percent between February and March, and dropped nearly 70 percent year-over-year.

One in every 301 housing units in Nevada had a foreclosure filing during the month of March.

Arizona now claims the country's highest foreclosure rate, while California comes in third place.

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


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 147166805 - kolotv.com/a?a=147166805