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Foreclosures Spike In January

LAS VEGAS (AP) — Nevada’s foreclosure rate was second in the nation in January after the state saw a spike in scheduled foreclosure auctions.

RealtyTrac statistics released Thursday show one in every 533 homes in Nevada saw some sort of foreclosure filing in January.

The rate is up 28 percent from December, but down 35 percent from the same time a year ago.

The firm noted Nevada hit a 23-month high for scheduled foreclosure auctions in January, although foreclosure starts and bank repossessions were down year-over-year.

Florida posted the nation’s highest foreclosure rate in January.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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