Nevada's April Foreclosure Rate Highest in Country

A recent report shows that Nevada, Arizona and California continue to see some of the top foreclosure rates in the nation.

A recent report shows that Nevada, Arizona and California continue to see some of the top foreclosure rates in the nation.

RealtyTrac said Nevada had the highest rate of people not being able to avoid foreclosure, with one in every 69 homes facing some form of filing. April marked the 40th consecutive month of taking the top spot.

Although it experienced an almost 15 percent drop in foreclosure activity, Arizona moved from having the third-highest rate in March to second place. The state's rate of one in every 169 units facing a foreclosure was twice the national average, RealtyTrac said. California came in fourth with one of every 192 homes facing a form of foreclosure filing.

Those three states, and two others, accounted for more than half of the foreclosures seen during April. California saw the highest total amount of filings at 69,725, although that was a 25 percent drop when compared to March.

Consumers in these states may be able to avoid foreclosure through tapping into the Home Affordable Modification Program, which through March has granted more than 230,000 permanent loan adjustments. HAMP is the Obama administration's effort to help 3 million to 4 million people stop foreclosure on their homes

For more information call us at 866-210-1722 or fill out the form below.
contact-btn
Close

Contact Us Today

Price Law Group - Bankruptcy Attorney
Call Toll Free: 866.210.1722