Nevada ranked first and Utah ranked 10th in foreclosures for the nation for the first half of 2012. With these states topping the charts, you or someone you know may want to contact a Las Vegas attorney or Utah attorney for help with a foreclosure. There were more than 1 million U.S. properties with foreclosure filings in the first half of the year, according to the mid-year report by RealtyTrac.
Nevada had a 1.76 percent foreclosure rate for the first half of the year, which is about 1 in 57 housing units that had a foreclosure filing. Utah had a rate of 1 in 108 housing units or 0.93 percent. This is compared to a 1 in 126 rate for the nation.
Both states had a drop in foreclosure activity from the previous year, but they are still at the top for foreclosures. Nevada had a 61 percent drop in foreclosure activity from the previous time last year and Utah had a 42 percent drop.
In Nevada, a new foreclosure law took effect October 2011 that requires additional documentation in the foreclosure process. The law also has stricter criminal penalties for anyone who purposely tries to defraud a homeowner by making false representations about a real estate title. If you need help complying with the new law or if you think a mortgage servicer has violated the law, contact a Las Vegas attorney.
To read more about foreclosure rates go to http://www.ksl.com/?sid=21212314&nid=148&title=utah-10th-in-foreclosures-in-first-half-of-2012-report-says&s_cid=queue-14. To learn more about the Nevada law, visit http://ag.state.nv.us/publications/bills/ab284/ab284.html. Or for help with a foreclosure contact a Las Vegas attorney or Utah attorney.
Shumway Van & Hansen
www.shumwayvan.com8985 S. Eastern Ave, Suite 100, Las Vegas Nevada 891238 East Broadway, Suite 550, Salt Lake City, Utah 84111