LAS VEGAS (AP/KXNT) — Nevada’s foreclosure rate has topped the nation for a second month, following a brief hiatus from the state’s five-year reign as foreclosure king.
Statistics released Thursday by RealtyTrac show nearly 3,227 homes received some sort of foreclosure filing in April, down 15 percent from March and down 17 percent from last April.
But the number of properties entering the foreclosure process is up. Analysts say nearly 1,900 homes received an initial notice of default, which is a 40 percent increase from last year.
One in every 360 Nevada properties received some sort of foreclosure filing in April.
Compared to other U.S. cities, Las Vegas ranked fifth with one in 302 housing units receiving a foreclosure filing.
Copyright 2013 The Associated Press.