Housing
A Justice Department report released last month praises the Nevada Foreclosure Mediation Program, saying it provides a road map for other states to follow in addressing the continuing fallout from the housing crisis.
Nevada led all states with foreclosure sales accounting for nearly 57 percent of all home sales, RealtyTrac said Thursday. Several other states had foreclosure sales that made up at least 20 percent of all homes purchased in the third quarter: California, Arizona, Georgia, Colorado and Michigan.
The Nevada Supreme Court has added teeth to the state’s foreclosure mediation program in a pair of rulings that require lenders to produce all required documents before repossessing a house.
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