(Irvine, CA) — Foreclosure filings are down in Nevada.
RealtyTrac reports the Silver State had one filing for every 158 homes between July and September, down more than 71% from a year ago.
Nevada now has the sixth-highest foreclosure rate in the nation, thanks in part to a new state law that has slowed down the process. RealtyTrac says it now takes 520 days to complete a foreclosure in Nevada, up 42% from last year.
Florida had the highest foreclosure rate in the third quarter, followed by Arizona and California.