LAS VEGAS (KTNV) — Mortgage defaults are climbing in specific areas of the Las Vegas Valley, continuing a troubling trend.
The highest number of troubled mortgages is currently coming from zip codes 89121 on the east side of town and 89108 near the historic west side, according to data analysis.
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A mortgage default occurs when a homeowner stops making their mortgage payments.
Nearly a quarter of all mortgage defaults since January 2022 have occurred just in the first half of this year, according to Shawn McCoy, executive director of the Lied Center for Real Estate at UNLV.
Notices of default are also up 28% from