No longer the worst: Nevada ends 5-year run as nation's foreclosure leader

After posting the highest foreclosure rate in the nation for 62 straight months, Nevada fell to the No. 2 spot in March behind Arizona as stricter recording requirements sharply curtailed foreclosure-related filings in the state while raising concerns about shadow inventory.

Overall, foreclosure-related activity in Nevada fell to 3,899 filings in March, down nearly 70 percent from 12,900 filings during the same period last year, according to national foreclosure tracker RealtyTrac.

The decrease also was observed in Washoe County, where overall activity fell to 372 filings — down 71.3 percent from the 1,296 filings seen in March last year. The number includes notices of default, notices of trustee sale or auction and actual bank-owned foreclosures. Read More