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Below are some recent news articles and stories about the Face of Foreclosure report and the housing crisis in Nevada.

Nevadans divided about strategic defaults, 'Face of Foreclosure' study finds

July 26, 2012 on the Reno Gazette-Journal

Strategic defaults are becoming more of the norm, according to the “Face of Foreclosure” report released today. About 45 percent of Nevadans surveyed in the Nevada Association of Realtors report said home owners are ethically and legally obligated to pay their mortgages if they are able ...Read More

Almost half of Nevadans say it’s OK to default on a mortgage

July 26, 2012 on

In foreclosure-wracked Nevada, residents are divided on whether it’s OK to willingly default on a mortgage loan. And many people who lost their homes during the recession say they still might buy another house. ...Read More

Realtors Release Face of Foreclosure

July 26, 2012 on KLAS-TV, Channel 8 in Las Vegas

Nevadans are equally divided over whether homeowners who owe more on their homes than they are worth should purposely refuse to pay their mortgages, according to a report released Thursday by the Nevada Association of Realtors. ...Read More

Home ownership may just be a dream for Nevadans

July 26, 2012 on KSNV-TV, Channel 3 in Las Vegas

Southern Nevadans say owning a home still represents the American Dream,but just as many locals admit it is just a dream. That's according to a new study from the Nevada Association of Realtors. News 3's Mackenzie Warren is here to break it down. ...Read More

Nevada Association of Realtors releases "Face of Foreclosure" report

July 26, 2012 on KRNV-TV, Channel 4 in Reno

The Nevada Association of Realtors released its latest "Face of Foreclosure" report today. NVAR's research shows Nevadans believe government has failed to address the foreclosure crisis. ...Read More

Report: Nevadans divided over strategic defaults

July 27, 2012 on Las Vegas Review-Journal

Nevada homeowners are equally divided over the ethics of "strategic default" or not paying their mortgage even though they can afford to, a report released Thursday by the Nevada Association of Realtors shows. ...Read More

Foreclosure Report Shows Divide in Homeowner Attitudes

July 30, 2012 on KNPR-FM 88.9

According to the 2012 Face of Foreclosure report, 45 percent of those surveyed felt that walking away from an underwater mortgage, or “strategic default,” is OK, while 45 percent thought homeowners should honor their financial obligations. ...Read More

Study Captures Changing Attitudes Toward Strategic Default in Nevada

July 26, 2012 on

In hard-hit state Nevada, more than 60 percent of homeowners are underwater, and about one in 16 properties received a foreclosure notice in 2011, according to a 2012 Face of Foreclosure study released by the Nevada Association of REALTORS® ...Read More

Realtors poll: Nevadans split on mortgage defaults

July 27, 2012 on

The Nevada Association of Realtors has published a survey that says state residents are split about whether it's OK to default on a home mortgage. Almost half the state residents polled for a "Face of Foreclosure" project in recent months said there's nothing wrong with what the survey called "strategic default." ...Read More

Home Owners Torn on Strategic Default: Right or Wrong?

July 27, 2012 on

Forty-five percent of Nevada home owners recently surveyed say “there is nothing wrong” with walking away on your mortgage obligations, according to a new report, “Face of Foreclosure,” released by the Nevada Association of REALTORS®. On the other hand, an equal number of home owners say home owners have a “legal and ethical obligation to pay their mortgage if they can.” ...Read More

Strategic default, rising utility bills and changes on the Strip

Aug.6, 2012 on

Real estate reporter Eli Segall sits down with host Delen Goldberg to talk about the prevalence of strategic default and the possibility of rising utility bills. And gaming reporter Ron Sylvester reports on changes at the MGM Grand and the resort formerly known as the Hilton. ...Read More