Nevada’s foreclosure rate was second in the nation in January after the state saw a spike in scheduled foreclosure auctions.
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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.