Today, the latest foreclosure numbers were released. Over 2,400 foreclosures in Clark County with an estimated 6,700 that may go into foreclosure. The reason for the high foreclosure rate across Clark county and the rest of the nation can be attributed to the high number of ARM (adjustable rate mortgage) that were issued in the last few years. Home owners aren't the only ones feeling the pinch, according to the local news several mortgage companies have also gone out of business.
Las Vegas Foreclosures 2005