We’re still No. 1!
Home foreclosures in Nevada have dropped, but the state still leads the nation.
One in every 33 state households—34,557 in all—received a foreclosure notice, more than four times the national average, according to Realty Trac.
That raw number translates into 16 percent fewer foreclosures over a year ago and marked the 14th straight quarter that the state was in the national lead.
Next month Nevada is expected to receive $100 million in federal funds to aid distressed borrowers in paying down balances under the Troubled Asset Relief Program (TARP), the federal foreclosure-prevention effort, if the state administration finishes the paperwork. The money comes from a $1.5 billion fund set up for the five states hardest hit by foreclosures.