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August 22, 2014

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Foreclosures hit ZIP code 89031 the hardest

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SalesTraq

ZIP codes in the Las Vegas Valley that registered the highest number of foreclosures in 2009.

The Numbers

Lenders and their foreclosure inventory, according to SalesTraq. The total amount was 13,789 as of June 2009:
  • US Bank - 1,759
  • Fannie Mae - 1,518
  • Deutsche Bank - 1,465
  • Wells Fargo - 1,255
  • Bank of New York - 997
  • Bank of America/Countywide - 985
  • Freddie Mac - 950
  • HSBC - 929
  • Aurora Loan Services - 454
  • Nevada State Bank - 323
  • All others - 3,151

The North Las Vegas ZIP code that includes the Eldorado residential development led the valley in foreclosures in 2009, according to statistics released by SalesTraq.

ZIP Code 89031 recorded 1,167 foreclosures, easily topping No. 2 on the list, 89108, in the city limits of Las Vegas with 902. The ZIP code is bounded by Rancho Drive, Washington Avenue and U.S. 95.

SalesTraq President Larry Murphy said the top 10 list is essentially the same from 2008 with the one addition, 89178 in Mountain’s Edge. It entered the list at No. 10 with 680 foreclosures.

Four of the highest-ranked ZIP codes were in the north valley and four were in the southwest. Two were on the east side. None were in Henderson.

Murphy has projected Las Vegas will have 26,000 foreclosures in 2010, an increase of about 2,000 over 2009. The valley had 25,288 foreclosures in 2008.

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