Nevada suffers setback on foreclosure rate
14 November 2012
Just when it seemed Nevada’s foreclosure rate was improving, the state’s volume of distressed real estate catapulted last month. Nevada had the second-highest foreclosure rate in the country in October, with 1 in every 352 housing units saddled with foreclosure-related filings, according to a report published today by RealtyTrac. That’s up 41 percent from September, when Nevada ranked fifth-worst in the country with 1 in 496 homes in foreclosure. At the same time, it was down 47 percent from October 2011, the same month that Nevada’s “robo-signing law” took effect and helped slow the pace of these public auctions. Florida ...
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