Listen Online - Listen on Mobile | Mobile App Info

Nevada Back On Top In Foreclosure Filings

(Las Vegas, NV) — After five straight months in the number two position, Nevada once again leads the nation in foreclosure starts.

One out of every 306 homes in Nevada received a foreclosure filing last month. In Las Vegas, filings were 79% higher than in March 2012.

RealtyTrac’s Daren Blomquist tells KXNT the increase is a rebound effect of 2011 state legislation which slowed the process by increasing requirements for lenders to start foreclosures.

In March, actual reposessions were still down more than 50% from last year. Blomquist believes the recent wave of filings will translate into reposessions in the coming months.


More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network

Listen Live