More Nevadans losing their homes
Nevada has been a leader in foreclosures for years. Photo/Brendel
By Jennifer Robison, Las Vegas Review-Journal
If your mortgage is mired in a years-long default process, the bank may be finally coming for you.
A report from a national real estate research firm shows Nevada lenders stepped up foreclosure activity in May, including big jumps in bank-owned foreclosure sales, or completions.
Banks sold 775 repossessed homes in May, up 41.4 percent from April and up 106.7 percent compared with May 2014, California-based RealtyTrac said.