Nevada's Contribution To The Foreclosure Mess

By
Real Estate Agent with Century 21 Aadvantage Gold, 702-719-2100

1.  Unpaid principal on home loans was 21 billion of Freddie Mac's 1.87 trillion about 1 %

2.  3.5 billion in delinquent debt 4% of Freddie Mac's95.3 billion.

3.  Nevada's inventory= 355 million of Freddie Mac's inventory or three percent.

4. 235 million in credit losses 6% of Freddie Mac's losses nationwide.

5.  Just under 13% of the home loans that were in serious delinquency, more than twice the national average of 5%,  Higher than Arizona and California.  Par to Florida which was more than 12%.

6.  The average unpaid balance was $173,080 which was highwer than all states except California.

Las Vegas is a great place to pick up properties that are undervalued up to 46%.  For all your real estate needs contact the Pat Yoest Team at 702-521-1442 or email me at pyoestc21@aol.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Nevada
Groups:
Posts to Localism
Nevada/Las Vegas REO, Fourclosure, Short Sale Specialist
Hyper-Local
Tags:
foreclosure in nevada

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention
Rainmaker
80,556

Pat Yoest

702-521-1442
Ask me a question
*
*
*
Spam prevention