Nevada’s foreclosure rate improved last month but, as usual, was stuck as one of the worst in the nation.
One in every 633 housing units received a foreclosure-related filing in February, down 16 percent from January and 49 percent from February 2013, according to a new report from RealtyTrac.
The research firm tracks default notices, scheduled auctions and bank repossessions.
Nevada’s foreclosure rate was third-highest in the country last month, behind Florida and Maryland.
Silver State homeowners weren’t the only ones facing less pressure overall from banks. Nationally, one in every 1,170 housing units received a foreclosure filing in February, down 10 percent from January and 27 percent from a year ago.
Nevada had 875 scheduled auctions last month, down 36 percent from January, but default notices soared 47 percent month-to-month, to 393, according to RealtyTrac.
Notices of default start the foreclosure process.