Distressed Properties Sale Articles

A foreclosed property on sale in Reno, Nevada can be a great investment for people looking for a rental investment or a house for the family because of the rising number of foreclosure properties and the falling home price levels in the city.

Foreclosed homes for sale are being offered to lower-income families in Southern Nevada under a federal program launched in 2008 by President Bush to stabilize neighborhoods and another federal program launched by President Obama this year to stimulate the economy.

Last month, Nevada posted the highest growth in foreclosure list in the country. The state has been holding the top position in the country’s foreclosure rate ranking for 31 consecutive months.

An analysis of January to June records at the Clark County Assessor in Nevada showed that banks are selling more single family houses at a pace faster than purchasing them through foreclosure.