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Las Vegas foreclosures rise sharply in October

By No news is good news   2012 Nov 14, 9:37pm   1,051 views   1 comment   watch (1)   quote      

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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1   taxee     2012 Nov 16, 8:58pm  ↑ like (1)   ↓ dislike   quote    

Squatting is up. What's a foreclosure?

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