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By DAVID COOPER 1.888.616.6226 | Landlord in Las Vegas, NV

Las Vegas, NV Real Estate News reports Foreclosure Activity UP 13% in 1st qtr 2013.. Search FREE 100s REO Foreclosures

Nevada foreclosure activity increased 13 percent in the first quarter compared to the previous quarter, helping the state post the nation’s second highest foreclosure rate. One in every 115 Nevada housing units had a foreclosure filing during the quarter. First quarter foreclosure activity in Nevada was still down 18 percent from a year ago, but the quarterly increase was driven largely by a recent uptick in foreclosure starts. Nevada foreclosure starts in March increased 88 percent from a year ago to an 18-month high.

“We are seeing an uptick of foreclosure starts particularly in the Reno, Sparks MSA where they are up 100 percent from a year ago due to lenders gaining confidence around their strategies related to SB 284. That strategy development around filing notices of default has taken more than a year. Fortunately, we are seeing a significant drop in the number of scheduled foreclosure auctions and REO’s in Nevada as lenders seek alternative ways to resolve the backlog of foreclosures through short sales or other methods,” said Craig King, RealtyTrac Network member and COO of Chase International, one of the nation’s premier real estate companies located in the Lake Tahoe/Reno region.READ MORE http://tinyurl.com/cctuesz

David Cooper www.lasvegaswinner.org 702.499.7037

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