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Las Vegas foreclosures slow, still more common than most cities, report says

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.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0308. Follow @eli_segall on Twitter.

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