Nevada: 5 Times Natl Average in Foreclosures

Where is there any indication that Beacon Hill is listening to this?

If Casino Gambling is the cure that Beacon Hill pretends, why is this happening?



Nevada Still Tops Nation In Foreclosures
Foreclosure Rate Five Times Naitonal Average

LAS VEGAS -- One in every 79 Nevada homes received a foreclosure filing last month, a number that ranks the state No. 1 in the nation.

That’s according to RealtyTrac, which reported the nationwide number of foreclosure filings fell 3 percent from April to May, although the number increased less than 1 percent from May 2009.

One in every 400 U.S. homes received a foreclosure filing last month.

While Nevada still led the nation in foreclosure, last month saw a 12 percent decrease compared to April and a 16 percent decrease from May 2009, RealtyTrac reported.

Nevada’s foreclosure rate was five times the national average.

Arizona, Florida, California and Michigan rounded out the top five states with the highest foreclosure rates, respectively.

Don't they all have legalized slots?

Foreclosed homes are also staying on the market longer in Nevada, the Greater Las Vegas Association of Realtors reported earlier this week.

Short sales have no replaced foreclosures as a driving force, with an estimated 29 percent of May sales coming from short sales.