NEVADA:  # 1 Foreclosure For Filings/Per household in the U.S.  According to RealtyTrac, Clark County, Nevada had 10,099 properties with foreclosure filings in August 2008 (1 in every 74 housing units).

Realty Trac released this recent comprehensive foreclosure report on September 12, 2008: FORECLOSURE ACTIVITY INCREASES 12 PERCENT IN AUGUST

The report states ... foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 303,879 U.S. properties during the month, a 12 percent increase from the previous month and a 27 percent increase from August 2007. The report also shows one in every 416 U.S. households received a foreclosure filing during the month.

Nevada, California, Arizona post top state foreclosure rates
With one in every 91 households receiving a foreclosure filing in August, Nevada continued to document the nation's highest state foreclosure rate for the 20th consecutive month. Foreclosure filings were reported on 11,706 Nevada properties, a 16 percent increase from the previous month and an 89 percent increase from August 2007.

Las Vegas registered the seventh highest metro foreclosure rate in August, with one in every 75 households receiving a foreclosure filing during the month. Las Vegas foreclosure activity was up nearly 14 percent from the previous month and 83 percent from August 2007. 

Bank owned REO sales still account for nearly seventy percent (70%)  of all residential closings. 

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