Tuesday, Jan. 29, 2008 | 12:12 p.m.
Not that anyone needs yet another reminder of just how dismal our
foreclosure situation was here last year (and continues to be). But today we
have new numbers that summarize the pain.
RealityTrac, an agency that lists foreclosures, reported Tuesday that Nevada
led the nation in the rate of foreclosure for every single month of 2007.
The state closed the year with 3.4 percent of households entering into some
stage of foreclosure during the year - that's more than three times the
national average. There were a total of 66,316 foreclosure filings on 34,417
properties, a 200 percent increase over 2006.
Nationally, foreclosure rates were up 75 percent over 2006, with 2.2 million
foreclosure filings on nearly 1.3 million properties.
Relief doesn't seem to be coming anytime soon. On Monday, the non-profit
policy organization Center for Responsive Lending came out with a study that
showed that the plan recently negotiated with lenders by the Treasury
Department will prevent just 3 percent of foreclosures nationwide.