Industry NewsMortgage

Foreclosure activity doubles

Nevada leads nation with high rate of foreclosure filings
Published on Apr 29, 2008

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by CareyBot

Foreclosure activity more than doubled in the first quarter compared to the same quarter last year, and foreclosure activity has increased for seven consecutive quarters, foreclosure data company RealtyTrac reported today.

Nevada led the nation with a rate of one foreclosure filing for every 54 households -- the rate is more than three times higher than the national rate of one foreclosure filing for every 194 households in the first quarter, RealtyTrac reported.