Las Vegas Sun

July 5, 2022

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Nevada starts new year with same ranking: No. 1 in foreclosures

Nevada started 2010 leading the nation in the rate of foreclosure cases again, but lenders scaled back on the amount of filings from a year ago.

California-based RealtyTrac reported Nevada had 11,854 foreclosure filings in January and 2,332 homes had been repossessed. The filings fell 18 percent from January 2009 and were equivalent to the rate in December.

Nevada bucked the national trend in January because foreclosure filings rose 15 percent over January 2009 across the country.

This marked the 37th consecutive month that Nevada has led the nation in the rate of foreclosure filings. The state’s filings were four times the national average. Arizona ranked second in the nation and California was third.

As for metropolitan areas, Las Vegas, which was No. 1 in 2009, started the year leading the nation again with one filing for every 82 households. Filings fell 2 percent from December and 21 percent from January 2009, RealtyTrac reported.

Phoenix was second with one filing for every 102 housing units. Phoenix was the only city in the top 10 to have an increase over December. California had six cities in the top 10.

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