Foreclosure starts were up 81% year over year in Nevada to a 20-year high, and up 19% on the month. Foreclosure activity was up 18% month over month and 1% from a year ago, writes Business Insider.
When measured by foreclosure rate, Nevada fell to second place, with 1 in every 305 homes having received a foreclosure filing in May. In counties like Lyon, Nevada, 1 in every 209 homes received a foreclosure filing. This compares with 1 in every 885 at the national level.
In Florida, where 1 in every 302 homes received a foreclosure filing, activity was up 20% from last month and 12% from a year ago. Meanwhile, foreclosure starts were up 39% on the month, but down 17% from a year ago.