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Nevada Foreclosure Rate Back Up to No. 1

sacbee.com | September 16, 2013

LAS VEGAS -- Nevada's foreclosure rate has jumped back to highest in the nation after surging 104 percent in August compared with a month earlier.

RealtyTrac statistics released this week show one in every 359 homes in Nevada saw some sort of foreclosure filing in August. The firm counted 1,419 initial notices of default.

The rate is up 11 percent year-over-year.

Real estate experts say the spike is likely driven by changes in state law.

Greater Las Vegas Association of Realtors President Dave Tina tells Fox 5 banks may be foreclosing on people who stopped paying their mortgages because of anti-robo-signing law AB284. Lawmakers reworked the law this spring.

Broker Scott Beaudry says banks likely want to file foreclosure paperwork before a new law, the Homeowners' Bill of Rights, takes effect in October.

 

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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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