Las Vegas tops list of home foreclosures

By Buck Wargo

Thursday, Nov. 13, 2008 | 12:56 p.m.

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.