NV Foreclosure Rate Triples
Diana Heeb Bivona
RealtyTrac Inc reports that Nevada’s foreclosure filings in March were triple those of a year earlier. That means that Nevada’s rate of 1 for every 183 households was more than four times the national average. Las Vegas ranked second on the list of metropolitan areas showing increased foreclosure filings right after Stockton, California.
On a national level, banks began foreclosure proceedings against 47% more U.S. homeowners in March compared with a year ago. That means that more than 149,000 foreclosure filings were filed last month.
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