Nevada Leads the U.S. Foreclosure Category

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Hot Foreclosures for Under $150,000
It's open house for great real estate steals. See how much home can you buy for the money, especially with these well-priced foreclosures in cities across the U.S.
Top Picks: Foreclosures for Under $150,000
Foreclosure Search: 7-Day Free Trial to Foreclosure Listings
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Browse Over 2.8 Million Home Listings





Hot Foreclosures for Under $150,000

It's open house for great real estate steals. See how much home can you buy for the money, especially with these well-priced foreclosures in cities across the U.S.

Top Picks: Foreclosures for Under $150,000

Foreclosure Search: 7-Day Free Trial to Foreclosure Listings

__________________________________________________

Browse Over 2.8 Million Home Listings


Buyers' Market: $150,000 | $250,000 | $350,000 | $450,000

According to a national report, Nevada led the nation with 1.9 percent of mortgage loans starting foreclosures in the first quarter of this year.

The survey by the Mortgage Bankers Association also found that Nevada's foreclosure inventory rate was 4.1 percent over the same period, second only to Florida.

The state's rate of delinquent mortgage loans past 90 days was 2.2 percent, behind only Mississippi and Michigan.

Realtors say Nevada's high rate of foreclosures is no surprise considering that states whose home values shot up the most during the boom now are being hit the hardest during the decline.

The Mortgage Bankers Association cited declining house values combined with adjustable-rate mortgage issues for the high foreclosure and delinquency rates.

Information from: Reno Gazette-Journal, http://www.rgj.com





Copyright 2008 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL.

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