September 14, 2016 - 8:19 pm
Foreclosures have slowed in Las Vegas but remain more common here than in most cities, according to a new report.
One in every 706 homes in the Las Vegas area was hit with a foreclosure-related filing in August, down about 19.5 percent from August 2015, says Attom Data Solutions, parent company of RealtyTrac.
Despite the slowdown, Las Vegas had the ninth-highest foreclosure rate among large metro areas last month. Atlantic City rocked by casino closures the past few years, was No. 1, with one in every 259 homes hit with a filing.
Nationally, one in every 1,395 homes was hit with a foreclosure filing last month, down 13.2 percent from August 2015, according to Attom.
The company tracks default notices, scheduled auctions and bank repossessions for the report.
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