Nevada foreclosure rate No. 1 in 1st half of 2012
LAS VEGAS (AP) -- Analysts say Nevada's foreclosure rate was the highest in the nation for the first half of the year, although it was significantly down from the six months prior.
Data released Thursday by RealtyTrac show nearly 21,000 Nevada properties saw at least one foreclosure filing in the first half of the year, down 43 percent from the last half of 2011.
But the data also show foreclosure starts jumped 61 percent between the first quarter and the second quarter that just ended. RealtyTrac says that shows lenders are adjusting to a state law requiring more paperwork to launch a foreclosure.
That law took effect in October and dramatically slowed Nevada foreclosure activity.
Nationwide, foreclosure rates in the first half of 2012 are down 11 percent from the same time last year.
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