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May 19, 2015

Foreclosure aid may wind down in Nevada

  • Nevada grew at a feverish pace in the early 2000s, and then spent five straight years as the foreclosure capital of the country.
    • By MICHELLE RINDELS
    Associated Press

    CARSON CITY, Nev. — At its height, Nevada was ground zero for the Great Recession. Unemployment topped 14 percent, the highest in the nation. The state led in per-capita bankruptcy filings. And one in every 10 homes faced foreclosure.

    But while Nevada's jobless and foreclosure rates still rank high relative to other states, the raw numbers have plummeted. Lawmakers who agonized about public employee layoffs and an overburdened unemployment insurance fund a few years ago are now fretting about a shortage of teachers and want to implement new taxes worth hundreds of millions of dollars.


     
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