Real estate:

Lenders are repossessing fewer Nevada homes as foreclosures dip

A sign is posted outside a vacant HUD home in North Las Vegas April 2, 2013. A neighbor said that it has been vacant for a bout two years. (1524 Gaber Court, North Las Vegas)

Nevada’s ongoing foreclosure woes abated some last month, though the Silver State has a long way to go.

One in every 701 housing units statewide received a foreclosure-related filing in March, down 10 percent from February and 56 percent from a year ago, a new report from RealtyTrac shows.

The research firm counts default notices, scheduled auctions and bank repossessions.

Nevada’s foreclosure rate was sixth highest in the country last month, after Florida, Maryland, Indiana, Ohio and Illinois.

Lenders repossessed 500 homes statewide last month, down from 549 in February, and scheduled 726 foreclosure auctions, down from 875, according to RealtyTrac.

However, homeowners were hit with 417 notices of default last month, up from 393 in February.

Default notices start the foreclosure process.

Real Estate