forclosure nevada: Las Vegas’ mortgage-delinquency rate lower than US average - 10/11/18 02:54 PM
 
Las Vegas, as we know, was the foreclosure capital of America during the recession. Job losses soared as borrowers throughout the valley fell behind on their mortgage and lost their home to lenders.
But in a break from recent history, Las Vegas is showing signs that its mortgage woes, at least in one way, are not as bad as they are nationally.
Locally, 4.3 percent of borrowers were at least 30 days late on their payments in February, compared to 4.8 percent nationally. It was the seventh consecutive month that Las Vegas’ mortgage-delinquency rate was lower than the U.S. average, … (5 comments)

forclosure nevada: Southern Nevada foreclosures tumble as new law kicks in. - 09/28/18 08:56 PM
Banks are slamming the brakes on foreclosures in Las Vegas, and at first glance, the numbers are encouraging, even amazing.
Some 30 homes a month were hit with default notices in both August and July, compared to a monthly average of around 380 in the six months prior.
At the same time, creditors scheduled upcoming auctions for around 75 homes in July and 85 in August. Before that, they were scheduling an average of 235 auctions a month this year, according to housing tracker Attom Data Solutions.
Does all of this mean that Southern Nevada — the epicenter of America’s foreclosure crisis after the economy crashed … (4 comments)

forclosure nevada: Tips for Buying Foreclosed Property - 01/30/11 05:42 AM

Buying a Foreclosure is very desired by many potential new homeowners who want to take advantage of the incredible deals out there in today's housing market. It is tempting but with many grey areas and not well known facts to the regular people, specially first time buyers. According to realtytrac.com  as per last year the national average when buying a foreclosure home was about 25 percent below the full market value of a home. As Foreclosures are here to stay for a while... buying foreclosed properties become predominant in the real estate market. However, if there is any silver lining to this dark cloud above real estate, … (2 comments)

forclosure nevada: Forclosure activity Nevada - 07/14/07 07:10 PM
I want to address today's report from RealtyTrac on the monthly foreclosure activity data.
U.S. home foreclosures fell in June after jumping to a 30-month peak in May, but default rates will escalate as a horde of mortgages resets at higher loan rates.
Foreclosure filings fell 7% in June to 164,644 after jumping 19% in May, but they remain 87% above last June's pace, with one filing for every 704 households, RealtyTrac said in a monthly report.
Nevada's foreclosure rate, with one filing in June for every 175 households, topped the list for the sixth straight month and was more than four times the … (0 comments)

 
Arina Hanciulescu, RealtyPros (RealtyPros)

Arina Hanciulescu

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