Las Vegas foreclosure filings on the rise, report finds

Nevada’s foreclosure woes worsened last month as lenders seized more homes than in January and filed more default notices, a new report shows.

One in every 569 homes statewide received a foreclosure-related filing in February, up 7 percent from January and 12 percent from a year ago, according to RealtyTrac.

Nevada’s foreclosure rate was second-highest in the country last month, barely behind Maryland, where one in every 564 homes had a foreclosure filing.

Nationally, one in every 1,295 homes received a foreclosure filing in February.

RealtyTrac counts default notices, scheduled auctions and bank repossessions for the report.

In Nevada, creditors started the foreclosure process on 1,079 homes last month, up 7 percent from January and 153 percent from a year ago, and seized 381 homes, up 55 percent from January but down 31 percent year-over-year.

They also scheduled foreclosure auctions for 609 homes last month, down 11 percent from January and 30 percent from a year ago, RealtyTrac reported.

The company previously said that one in every 495 homes in Nevada received a foreclosure filing in January, but it said today that it revised that month’s findings.

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