Foreclosures in Nevada in the last fiscal year tumbled to less than half of what they were a year earlier, despite fears of a housing crisis in the midst of the COVID pandemic.

The update came Thursday, Nov. 18, at a board meeting for Home Means Nevada, a state-affiliated nonprofit organization established in 2017 to provide homeowner assistance and help operate a state foreclosure mediation program.

Thanks in large part to a foreclosure moratorium that continued into much of this calendar year, 1,080 notices of default (usually the first formal step lenders take in foreclosure) were filed between July 1, 2020 through June 30, 2021, according to Home Means Nevada.

To continue reading the rest of the article, please click on the source link below:

https://www.nnbw.com/news/2021/nov/22/moratorium-staved-rush-nevada-foreclosures-new-dat/