Nevada’s unenviable streak of having the nation’s highest foreclosure rate has extended to its 20th month. Irvine, Calif.,-based RealtyTrac reported this morning that one in every 91 households received a foreclosure filing last month in Nevada. That’s up from one in every 106 households in July, and it’s an 89 percent increase over August 2007. California’s foreclosure [...] [...more]
Thousands of valley homes are sitting vacant because of foreclosures. Las Vegas city leaders are taking notice of the problem and its impact on neighborhoods. A meeting on the foreclosure crisis got underway at 5:30 p.m. at the Centennial Hills Community Center near Buffalo and Deer Springs. While foreclosures are hurting many valley residents and neighborhoods, [...] [...more]
Hoping to score a house on the cheap by buying a foreclosed property? There are good deals out there, but the process is complicated and risky. Here’s what you need to know. There are certainly plenty of foreclosed homes on the market. In California, 40% of existing homes sold in the second quarter were foreclosures, according [...] [...more]
