These are the following numbers that’s recently been reported by a firm called SalesTraq based out of Las Vegas, NV. So far these are some of the reported foreclosure activities for the Vegas Valley.

Past Foreclosures:

2007 Approx.      8,000

2008 Over          22,000

2009 Approx.      20,000

2010  Over         16,000

As of Jan. 31^st of 2011

Total REO Inventory         12,442

REO Listings in MLS        3,433

Unlisted REO Listings      9,909

Present Bank Foreclosures in the Vegas Valley:

Aurora Home Loans:     232

BAC Home Loans         312

Bank of America            188

Citibank                          132

Deutsche Bank             648

Fannie May                  3847

Freddie Mac                4259

GMAC                               72

HSBC                             382

JP Morgan Chase          36

New York Bank             665

US Bank                        876

Wells Fargo                  593

Others                            200

Core Logic recently reported that almost 20% are delinquent in there mortgage which amounts to almost 75,000 homes. These homeowners may be faced with either a “foreclosure” situation or perhaps other options like a short sale or deed in lieu.

One silver lining in this cloud of doubt is that The Las Vegas Home is the most affordable in the country. Especially to those baby boomers that are not too concerned about the high unemployment rate as many are not looking for a job.

Please visit us at Green Valley Henderson, NV Real Estate for more up to date information. And for a Free list of 3 Bedroom 2 bath Bank Owned homes under $150K please fill in the information below and Thank you for visiting.

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