Foreclosures down in U.S. but on rise in Nevada (????) [View All]

[NVMojo]

I thought it was up nationwide???

April 12, 2006

The Western United States and Nevada in particular are among the country's hot spots for significant increases in foreclosures, online database Foreclosure.com reports.

New foreclosures throughout the United States declined for the second straight month in February to 21,402, though the number is up 9 percent from the same month a year ago.

While most areas of the country experienced a drop in new and active foreclosure listings in February, the number increased in parts of the West, said Brad Geisen, the Boca Raton, Fla.-based company's president and chief executive officer.

California, which historically has had very few foreclosures, was hit with a 150 percent increase in new foreclosure listings in February over January. Arizona and Nevada had foreclosure listings jump 161 percent and 99 percent, respectively.

Nevada had 421 properties in foreclosure, including 91 new foreclosures in February.

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http://www.reviewjournal.com/lvrj_home/2006/Apr-12-Wed-2006/business/6768816.html