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You can find great local Nevada real estate information on Localism.com Mary Warren is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Foreclosures in Las VegasPosted at 8:16 AM, Jun. 17, 2007The other night on the news they were talking about how percentage-wise Las Vegas has a large amount of foreclosures and leads the nation in foreclosures. It's all doom and gloom, according the the media. I received this from my lender this morning...Here is a point that you might find interesting to know the truth. The Foreclosure rate in the state of Nevada through 2006 is .45% & the national average is .99%*. In other words, our foreclosure rate is actually less than half of the rest of the Nation. The fact that our foreclosure rate is "up 200% from last year" is really negligible. That just means that our rate a year ago was REALLY LOW. Interesting how the media can make you believe something huh? *Source: Mortgage Bankers Association |
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