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A summer dip in Nevada home foreclosures is at an end.
RealtyTrac reported that notices of default rose 226 percent in August from July. June and July had both shown declines.
Nevada also reclaimed its first-in-the-nation ranking.
Meanwhile, the North Las Vegas City Council put an end to a plan to use condemnation to seize home loans for underwater homes (“Innovative mortgage plan launched,” June 27). The program was approved by the council on June 19 on a 4-1 vote. But after being threatened with lawsuits by bankers, insurers and real estate agents, it was killed on Sept. 11 by a 5-0 vote.