Las Vegas Now Blogs » 44 Foreclosures a Day in Clark County

The foreclosure rate in Nevada is one of the highest in the nation and many homeowners are left wondering if there is a way to avoid losing their homes.

Sub-prime lending has been blamed as one of the big contributors. What do you think?

This entry was posted on Monday, February 18th, 2008 at 11:54 am and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Comments »

Hello and I must say I blame the buyer mostly for first buying a home “over” their means- and lack of knowledge about these new fangled loans! What ever happened to you can afford a morgage based on a weeks salary? The final three weeks are for payments of electric, car/insurance etc…I can’t imagine how someone would consider buying a home with no money for downpayment- let alone a variable rate morgage in this day and age! That is NOT the american dream it is a nightmare. The few families that had all these things in place, the downpayment the good credit, the job,ect.. and something went bad- well them I am sorry for, but too many people live with rose colored glasses on and are now paying/loosing it all.

Comment by Kathy W — February 19, 2008 @ 8:47 pm
Plenty of blame to go around, but it all boils down to fraud and greed.

Comment by linda — February 20, 2008 @ 7:41 pm
Right on the money Linda comment #2,..Now National news is reporting people putting morgage payments on Visa/Mastercards and 401ks? Wonder where is that gonna end up with Government agencies when the dust settles when it bounces off retirements and other dominos getting knocked over in a couple years down the road,because of that,..Hey how about the Fed Reserve cutting interest rates again?…not good….

Comment by Dave — March 1, 2008 @ 8:38 pm
I think Las Vegas will be getting back on it’s
feet in real estate.. it is still the best place
to live to me… it is more exciting, cheaper to eat,
fun things to do 24/7, casino slots, shopping, just a
great feeling with no stress…

Comment by Kathleen — May 14, 2008 @ 12:42 pm

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