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Las Vegas foreclosures rise sharply in October


By Daves not here   Follow   Wed, 14 Nov 2012, 9:37pm PST   575 views   1 comment
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http://www.lvrj.com/business/clark-county-foreclosures-rise-sharply-in-october-179375181.html?source=Patrick.net

Posted: Nov. 14, 2012 | 2:41 p.m. Maybe Nevada Attorney General Catherine Cortez Masto was right after all. The robo-signing law that has drawn so much criticism from real estate agents really isn't stopping banks from foreclosing on delinquent borrowers. Clark County foreclosure filings increased to 1,731 in October, up 30 percent from the previous month and up 92.8 percent from a year ago, online listing service ForeclosureRadar.com reported Wednesday. That's a sharp reversal from the downward year-over-year trend in notices of default that started when Assembly Bill 284 took effect in October 2011. The law requires lenders to provide...

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taxee   Fri, 16 Nov 2012, 8:58pm PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 1

Squatting is up. What's a foreclosure?

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