New numbers from the foreclosure tracking website RealtyTrac show the number of foreclosures in Nevada has dropped. The numbers also show Boulder City is still below the state average for foreclosures.
Nevada now has the sixth highest foreclosure rate in the nation, after being number one in foreclosures for several months.
One in every 415 properties in Nevada saw some sort of foreclosure filing in July. According to RealtyTrac, one in every 506 properties in the 89005 zip code received some kind of foreclosure filing in July.
Nevada’s rate of foreclosure filings have slowed dramatically since a state law went into effect, which requires more paperwork to launch a foreclosure.
California, Arizona, Florida, Georgia and Illinois are now above Nevada for foreclosure rates.