Posts Tagged 'Nevada mortgage'

Surf’s Up! Think Nevada’s Wave of Foreclosures is Over? Think Again.

Surf’s Up! Think Nevada’s Wave of Foreclosures is Over? Think Again.

The stormy Nevada housing market is about to be rocked by an impending tsunami of ARM (Adjustable Rate Mortgage) rate resets and a striking increase of activity in foreclosure and pre-foreclosure activity.

August saw a 44% increase in Notice of Default filings from July, with a total of 5,279 homes receiving a foerclosure-related notice in Clark County. Nevada, again outpaced the rest of the country by a solid 11% in these filings. This jump also reverses a six-month long trend in ...

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