(Irvine, CA) — Foreclosures are down in Las Vegas for the first three months of 2012. Market research firm RealtyTrac says one foreclosure notice was issued for every 82 Vegas homes between January and March. That’s a 26% drop compared to the fourth quarter of 2011. Sin City now ranks eighth in the nation for foreclosures, behind Stockton and seven other California cities. Experts say the drop may be due to a new Nevada law that makes it more difficult for lenders to initiate foreclosures.
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