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by CareyBot

Nearly half of Nevada residents who were in foreclosure last year hadn't heard of the government's Home Affordable Modification Program (HAMP), and only 3 percent said they'd been helped by it, according to a survey conducted on behalf of the Nevada Association of Realtors (NVAR).NVAR's "Face of Foreclosure" survey also found that nearly one in four distressed homeowners reported engaging in a "strategic default," in which they chose to stop paying their mortgage despite having the financial ability to stay current on their loan.Nevada has had the highest foreclosure rate in the nation for most of the housing downturn. During the fourth quarter of 2010, one in 31 Nevada homes was subjected to some kind of foreclosure-related filing -- more than five times the national r...