Nevada foreclosure filings fall in May

Nevada foreclosure filings in May fell 6 percent from April, but the state and Las Vegas retained their No. 1 ranking in the nation, a California firm reported.

Nevada had 11,039 foreclosure filings in May, meaning one in every 103 homes had some type of foreclosure filing, RealtyTrac reported. Las Vegas had one filing for every 89 homes, which is more than six times the national average.

Statewide, home repossessions fell 21 percent from a record high in April, while notices of default increased 8 percent from April, the firm reported.

Arizona was ranked second in the nation and California third. Nationwide, foreclosure filings fell 2 percent from April.

Clark County reported 2,927 notices of default, which is 226 more than April but below the 4,872 in May 2010.

RealtyTrac reported 3,205 foreclosures in Clark County in May, down from 4,049 in April and down from 3,244 in May 2010.

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