BluefoxToday blog : Mortgage foreclosures more common in outlying Las Vegas suburbs

Mortgage foreclosures more common in outlying Las Vegas suburbs

Very little has changed in the last few months. Nevada still ranks as number 1 in the country in mortgage foreclosure filings with 18,087 for the first quarter of this year, according to California firm foreclosures.com. The state just can't seem to shake that undesirable position. Clark County has nearly 16,000 of that total which in turn aims the red spotlight right on Las Vegas.

The noteworthy aspect here is that the large majority of the foreclosures are in the outlying suburbs. In the new home subdivisions where builders large and small kept putting up house after house during the recent exceptional boom. By zip code the two top "performers" here are 89131 in northwest valley and 89031 in North Las Vegas, as tallied by the research shop SalesTraq. To read the entire article please click on the link in this paragraph.

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Provided by: 

Esko Kiuru
Mortgage and real estate market commentator 

www.BluefoxToday.com - syndicated mortgage and real estate blog

eskokiuru@gmail.com
My cell: 702-499-1006

2 comments • Esko Kiuru • April 17 2008 08:52PM

Comments

Esko people need to know when to slow down the building but unfortunately all some of them can see is the potential dollar signs. 
Posted by George Souto NMLS# 65149 FHA, CHFA, VA Mortgages Connecticut almost 4 years ago

George,

The dollar signs blind people and this is the end result we are in today.

Posted by Esko Kiuru almost 4 years ago

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