Nevada Remains 5th in Nation for Foreclosure Rate - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Nevada Remains 5th in Nation for Foreclosure Rate

Posted: Updated:

Nevada's foreclosure rate remains fifth in the nation after big drops in activity compared with last year.

RealtyTrac reports Thursday that Nevada's September foreclosure rate is down 19% from August and down more than 75% from the same time last year.

The drop reflects the national foreclosure picture for the month of September. RealtyTrac reports the lowest total number of foreclosure filings nationally since July 2007.

One in every 496 properties in Nevada saw some sort of foreclosure filing last month. That rate fell behind Florida, California, Illinois and Arizona.

The state's rate has been declining as lenders adjust to a state law requiring more paperwork to launch a foreclosure.

That law took effect last October and dramatically slowed Nevada foreclosure activity. (AP)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Standoff on Valley Road Ends in Arrest

    Standoff on Valley Road Ends in Arrest

    Reno Police say a standoff closed a portion of Valley Road late Saturday evening after a man barricaded himself inside a home.According to officers, police were called to an apartment in the 1700 block of Valley Road at around 8 p.m. on reports of a dispute. When they arrived a man barricaded himself inside the apartment and refused to leave. Police say it became apparent that the man was armed, and police surrounded the home, closing off a portion of Valley Road and asking other residents of...More >>
    Reno Police say a standoff closed a portion of Valley Road late Saturday evening after a man barricaded himself inside a home.According to officers, police were called to an apartment in the 1700 block of Valley Road at around 8 p.m. on reports of a dispute. When they arrived a man barricaded himself inside the apartment and refused to leave. Police say it became apparent that the man was armed, and police surrounded the home, closing off a portion of Valley Road and asking other residents of...More >>
  • Ohio couple married 70 years die 15 hours apart

    Ohio couple married 70 years die 15 hours apart

    Saturday, April 19 2014 4:02 PM EDT2014-04-19 20:02:08 GMT
    A couple who held hands at breakfast every morning even after 70 years of marriage have died 15 hours apart.More >>
    A couple who held hands at breakfast every morning even after 70 years of marriage have died 15 hours apart.More >>
  • Easter Egg Hunts, Church Services This Weekend

    Easter Egg Hunts, Church Services This Weekend

    Saturday, April 19 2014 7:12 PM EDT2014-04-19 23:12:17 GMT
    Lots of area events are scheduled for this Easter holiday weekend. Here is a list that will be updated frequently.More >>
    Lots of area events are scheduled for this Easter holiday weekend. Here is a list that will be updated frequently.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.