Facebook
Fark
Digg
Reddit
StumbleThe ECONOMY:
Las Vegas tops list of home foreclosures
City recorded one filing for every 62 households in October
Thursday, Nov. 13, 2008 | 12:56 p.m.
Sun Topics
Las Vegas reported the highest foreclosure rates in the nation in October in topping 229 other metropolitan areas.
California-based RealtyTrac reported Las Vegas had one filing for every 62 households, more than seven times the national average.
The 12,155 filings in Las Vegas were 6 percent greater than September and 104 percent higher than October 2007.
Nevada posted the nation’s highest foreclosure rate in October for the 22nd consecutive month with one filing for every 74 households, which is more than six times the national average.
The 14,483 filings were 11 percent higher than September and 119 percent higher than October 2007, according to statistics released today.
There were 6,736 notices of default filed in October, 483 more than filed in September.
There were 3,555 homes, more than 250 higher than September.
In Clark County, there were 5,738 notices of default filed in September and 2,976 homes foreclosed upon. Clark County had 6 percent more filings than September and 104 percent more than October 2007.
Discussion: comments so far…
Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy. Additionally, we now display comments from trusted commenters by default. Those wishing to become a trusted commenter need to verify their identity or sign in with Facebook Connect to tie their Facebook account to their Las Vegas Sun account. For more on this change, read our story about how it works and why we did it.
Only trusted comments are displayed on this page. Untrusted comments have expired from this story.
No trusted comments have been posted.
Post a comment
Most Popular
- Viewed
- Discussed
- E-mailed
- UNLV can move forward without the burden of losing streak to San Diego State
- A wife’s wisdom shows birth control issue needn’t be divisive
- Surprise links, negotiated deals addressed by commissioners
- Motorcycle accident claims life of man in northeast valley
- Hope and change and … what’s missing?
- New York mayor has the right idea
- We don’t need a CEO in charge
- Paying our own way
- Country has ‘given’ citizens a lot
- Jerry Tarkanian: Mike Moser impresses yet again on a day to remember former Rebel greats
Blogs
The Kats Report
Color from scene at Thomas & Mack: We have a wire job! Rebels win, and Louie Armstrong sings!
South Point owner Michael Gaughan's take on 'Vegas Stripped': 'I'll give it an 8' (4 Comments)
Author relishes writing the life story of ‘larger-than-life’ Oscar Goodman (3 Comments)
Elsewhere
Landowner: All roads could lead to Uxbridge casino
Revel reveals smoke-free casino opening
Cirque du Soleil show in Sands China casino to close this month
Meet the woman behind Sheldon Adelson
The Sun
Locally owned and independent for more than 50 years.
Even though we are #1, I really think we are close to the bottom, when you consider all the aid, from Citigroup and others. In addition to Citi, The federal gov't FHA, many states, JPMorgan Chase, Wachovia, and Bank of America/Countrywide have committed to helping over 1.2 million homeowners between them keep their homes. I found more info on the programs here.
http://www.needhelppayingbills.com/html/...
I'd like some of what joncmac's been smoking. The figures just came out: our government's "HOPE for Homeowners" program has helped 42 homeowners to date. Yes, that's right. 42. The "commitments" to help that are being tossed out by these corporations and our government are nothing but window dressing. The only mortgages that can be helped are those that have remained whole and weren't securitized. If your mortgage was securitized, it may now be owned by 10 different entities, any one of which can gum up the works by refusing to participate in the re-write. Someone is blowing smoke...