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Southern Nevada's foreclosure rates are the nations highest, due primarily to investors walking away from their property. "Roughly 85 percent of actual auctions or repossessions of homes from March 1 through Aug. 31 involved properties not occupied by their owners," according to a report by Jeff German, Steve Kanigher and Alex Richards of the Las Vegas Sun. They were able to identify the investor-owned homes from owner-occupied foreclosures using property tax records. The story includes a map of Las Vegas-area properties that have either been auctioned or repossessed since January 2006.
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