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Servicing / The Ticker

Experts claim regulations caused Nevada's foreclosure flood

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A new regulation may have caused Nevada to experience a sudden rise in foreclosure activity, Channel 8 News out of Nevada said this week.

The news agency explains what may be causing a sudden wave of new foreclosures:

According to foreclosure attorney Tisha Black, the law that takes effect October 1 forces lenders to call borrowers a certain number of times and account for providing alternatives to foreclosure.

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