Las Vegas Still Tops in Foreclosures
Las Vegas Still Tops in Foreclosures
Las Vegas Still Tops in Foreclosures
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October 30 2010 (Chris Moore)
las vegas foreclosure capital
Las Vegas continues to top the country in foreclosure filings according to RealtyTrac in its third quarter report. Cities in four states — California, Florida, Nevada, and Arizona — accounted for the 13 hardest hit areas.

Las Vegas was far and away the hardest hit metro area. One out of every 25 housing units — more than 32,000 homes — attracted some kind of foreclosure filing, including notices of default, auction notices and repossessions.

Cape Coral, Fla., came in second with one in 35 homes getting hit with a filing.

Modesto, Ca., was in third place with one in 36 homes with foreclosure filings.

Stockton, Ca., was fourth with one in 39 homes with foreclosure filings.

Merced, Ca., rounded out the top with one in 40 homes with foreclosure filings.

Modesto, Stockton, and Merced are all located in California’s Central Valley which has been hard hit by unemployment. The area has been experiencing unemployment rates between 20 and 25 percent.

Miami had a total of nearly 59,000 properties with filings, more than any other metro area. Los Angeles had nearly 49,000.
Several metro areas experienced significant increases in already substantial foreclosure numbers. Filings almost doubled in the Riverside-San Bernardino area compared with three months earlier, to nearly 36,000 properties.

Vallejo, Calif., filings jumped 45%, quarter to quarter; Tampa, Fla., rang up a 58% increase; and San Diego recorded a 62% increase.

The main causes of foreclosure are high unemployment, underemployment, toxic loans and negative equity, and “these historically high foreclosure rates will continue until those problems are resolved,” said James Saccacio, RealtyTrac’s CEO.

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Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
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No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools
Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates

See today's mortgage rates. Shop, compare and save.

October 30 2010 (Chris Moore)
las vegas foreclosure capital
Las Vegas continues to top the country in foreclosure filings according to RealtyTrac in its third quarter report. Cities in four states — California, Florida, Nevada, and Arizona — accounted for the 13 hardest hit areas.

Las Vegas was far and away the hardest hit metro area. One out of every 25 housing units — more than 32,000 homes — attracted some kind of foreclosure filing, including notices of default, auction notices and repossessions.

Cape Coral, Fla., came in second with one in 35 homes getting hit with a filing.

Modesto, Ca., was in third place with one in 36 homes with foreclosure filings.

Stockton, Ca., was fourth with one in 39 homes with foreclosure filings.

Merced, Ca., rounded out the top with one in 40 homes with foreclosure filings.

Modesto, Stockton, and Merced are all located in California’s Central Valley which has been hard hit by unemployment. The area has been experiencing unemployment rates between 20 and 25 percent.

Miami had a total of nearly 59,000 properties with filings, more than any other metro area. Los Angeles had nearly 49,000.
Several metro areas experienced significant increases in already substantial foreclosure numbers. Filings almost doubled in the Riverside-San Bernardino area compared with three months earlier, to nearly 36,000 properties.

Vallejo, Calif., filings jumped 45%, quarter to quarter; Tampa, Fla., rang up a 58% increase; and San Diego recorded a 62% increase.

The main causes of foreclosure are high unemployment, underemployment, toxic loans and negative equity, and “these historically high foreclosure rates will continue until those problems are resolved,” said James Saccacio, RealtyTrac’s CEO.

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

October 30 2010 (Chris Moore)
las vegas foreclosure capital
Las Vegas continues to top the country in foreclosure filings according to RealtyTrac in its third quarter report. Cities in four states — California, Florida, Nevada, and Arizona — accounted for the 13 hardest hit areas.

Las Vegas was far and away the hardest hit metro area. One out of every 25 housing units — more than 32,000 homes — attracted some kind of foreclosure filing, including notices of default, auction notices and repossessions.

Cape Coral, Fla., came in second with one in 35 homes getting hit with a filing.

Modesto, Ca., was in third place with one in 36 homes with foreclosure filings.

Stockton, Ca., was fourth with one in 39 homes with foreclosure filings.

Merced, Ca., rounded out the top with one in 40 homes with foreclosure filings.

Modesto, Stockton, and Merced are all located in California’s Central Valley which has been hard hit by unemployment. The area has been experiencing unemployment rates between 20 and 25 percent.

Miami had a total of nearly 59,000 properties with filings, more than any other metro area. Los Angeles had nearly 49,000.
Several metro areas experienced significant increases in already substantial foreclosure numbers. Filings almost doubled in the Riverside-San Bernardino area compared with three months earlier, to nearly 36,000 properties.

Vallejo, Calif., filings jumped 45%, quarter to quarter; Tampa, Fla., rang up a 58% increase; and San Diego recorded a 62% increase.

The main causes of foreclosure are high unemployment, underemployment, toxic loans and negative equity, and “these historically high foreclosure rates will continue until those problems are resolved,” said James Saccacio, RealtyTrac’s CEO.

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.