10.8 percent of Clark County homes in foreclosure last year

By Buck Wargo

Thursday, Jan. 13, 2011 | 8:29 p.m.

More than 9 percent of Nevada’s households had a foreclosure filing in 2010 as the state held its nation-leading ranking for the fourth consecutive year, despite a drop from 2009, according to statistics released Thursday.

That equates to one in every 11 households with a notice of default or in some other stage of the foreclosure process, California-based RealtyTrac reported.

Clark County recorded 88,198 foreclosure filings in 2010, which represents 10.8 percent of its units, or about one filing for every nine households. That’s a 7 percent decline from 2009 but 31 percent higher than 2008, RealtyTrac reported.

Nevada’s 106,100 filings represented a 5.3 percent decline from 2009, despite an 18 percent rise in filings in December over November and 14 percent over December 2009, the firm reported.

Nationwide, foreclosure filings rose nearly 2 percent over 2009 and were up 23 percent over 2008. Nevada’s filings were 37 percent higher than 2008, RealtyTrac reported.

Nevada ranked ahead of second-place Arizona, which had one filing for every 17 households, followed by Florida, Arizona and Utah.

Las Vegas saw a hopeful sign that foreclosure filings may not get any worse.

California-based CoreLogic reported Las Vegas had a 19.77 percent 90-day mortgage delinquency rate in October, the latest month available. The number is down from 19.87 percent in September. The rate peaked at 21.01 percent in February 2010.