LAS VEGAS — Nevada's foreclosure rate was second in the nation in October, the month after a major filing surge.
RealtyTrac statistics released Thursday show one in every 407 homes in Nevada saw some sort of foreclosure filing in October. The firm counted nearly 1,700 initial notices of default.
The rate is down 39 percent from September, when foreclosure notices spiked. Lenders rushed to file before a new law called the Homeowners' Bill of Rights took effect Oct. 1.
The law adds protections for homeowners and pushes troubled borrowers toward foreclosure alternatives.
Florida posted the nation's highest foreclosure rate in October.
Think your friends should see this? Share it with them!
Note: All comments left on our sites are first reviewed by an automated comment moderation system. Your comment may take up to 5 minutes to appear. If for any reason your comment can not be approved you will receive an email from this system with a detailed explanation.
Story copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to firstname.lastname@example.org and it will be forwarded to the appropriate editor or reporter.