Homes/Underwater/Foreclosures: Nevada

Today’s  Bloomberg article Fewer Homes Were ‘Under Water in Third Quarter as Foreclosures Rose focuses on a sad fact:  In the third quarter,  fewer homes were worth less than the mortgages owed on them because the number of foreclosures has increased, not because property values have rebounded.

Nevada continues to suffer the more than any other state from the housing bust.  Two-thirds of homes with mortgages are underwater, and one in 79 households received a notice of default or foreclosure last October in the Silver State.

Last month, when we interviewed eight Nevadans who were over 50 and out of work , we found that four of them had been severely impacted by the decline in the state’s home values.  Kimberly Gilek hopes to sell her home soon, although it is worth much less than she paid for it, because she needs the money for living expenses.  Albert Yasbick and Mary Sironen are both unemployed and their houses are underwater. They are struggling to make payments and stay in their homes.  Anthony Lalos has already lost his home to foreclosure.

“The impact of the recession on Nevada is horrible.  There’s just people out of work; people losing their homes.  We’re the number one state in foreclosures.  Houses all around are sitting empty, and every time I see one, I think of the poor people.  Where did they go?  What did they do?”

Kimberly Gilek



RobertbeK said:

buy viagra manila forum viagra no prescription real viagra for cheap viagra without a doctor prescription generic viagra available india

AndrewEnery said:

price viagra versus cialis viagra no prescription taking extenze and viagra together viagra ohne rezept aus deutschland where to buy viagra for women uk

Williamben said:

viagra online sicher viagra without a doctor prescription when does viagra go generic in canada viagra ohne rezept aus deutschland viagra or cialis online

JeffreySal said:

prescriptions online canadian pharmacies online online pharmacies in usa best canadian mail order pharmacies online pharmacy without scripts

ClarkFuh said:

online pharmacies in usa canadian pharmacies online pharmacies canadian pharmacies Top Rated Online Canadian Pharmacies

Lloydstise said:

buy medication without an rx canadian pharmacies online canadian online rx top rated canadian pharmacies online northwestpharmacy

EvelynDirty said:

online payday loans payday loans online pay day loan payday loans

Gingermom said:

casino online slot machines online casino slot machines

Larryhoich said:

20mg levitra vs 100mg viagra viagra cost can you buy viagra canada viagra prices viagra pfizer online kaufen

Leave a Comment »

Leave a Reply

Your email address will not be published. Required fields are marked *