But still a lot of underwater mortgages
New numbers from RealtyTrac show 9% 3rd quarter jump.
Nevada’s foreclosure rate is down to seventh in the nation after dropping about 44 percent year-over-year.
The number of Nevada homes entering foreclosure is up 81 percent over last year, although the number that ultimately go up for auction is down.
Nevada foreclosures increased in May after 27 consecutive months of annual decreases.
Foreclosures are decreasing across the country and bank reposessions are at a 65 month low. Locally, the trend is moving in the opposite direction.
Las Vegas is the only major U.S. city where both home construction and foreclosure activity are on the rise.
A growing number of homes in Nevada are being sold for less than what’s owed on them.
Nevada remains one of the worst states for foreclosures.
After five years as the state with the highest foreclosure rate, Nevada has lost its crown to Florida.