Nevada Tumbles in Foreclosure Rankings - 8 News NOW

Nevada Tumbles in Foreclosure Rankings

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LAS VEGAS -- After spending the first half of 2013 as the nation's second highest foreclosure state behind only Florida, Nevada suddenly tumbled to seventh place in July, RealtyTrac.com reported Wednesday night.

The real estate analytics company from Irvine, California reported one of every 731 Nevada housing units received a foreclosure filing in July.

That was still higher than the national average of one filing per 1,001 housing units, but Nevada was surpassed by Florida (one in 328), Maryland (one in 598), Ohio (one in 639), Connecticut (one in 660), New Mexico (one in 678) and Illinois (one in 682).

Foreclosure filings include notices of default, notices of pending trustee sales and repossessions by banks.

Nevada filings in July included 375 default notices, 653 notices of pending trustee sales and 481 repossessions. Total foreclosure filings in the state were 43.8 percent below July 2012 levels.

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