September 22, 2014
LAS VEGAS (AP) - Nevada's foreclosure rate has climbed to second in the nation even after activity dropped significantly year-over-year.
RealtyTrac reports Thursday that Nevada's October foreclosure rate is down 47 percent year-over-year, but up 41 percent compared with September. The state jumped from its No. 5 ranking in September.
One in every 352 properties in Nevada saw some sort of foreclosure filing last month. That rate was behind only Florida.
Nevada's numbers are a magnified version of the national foreclosure picture for the month of October. RealtyTrac reports foreclosure filings nationwide were up 3 percent from September, but down 19 percent year-over-year.
The state's rate foreclosure rating has been down for the past year after a state law took effect last October requiring more paperwork for lenders to launch a foreclosure.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.