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Nevada Foreclosures At 69 Month Low

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(photo: ROBYN BECK/AFP/Getty Images)

(photo: ROBYN BECK/AFP/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(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.

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