Real Estate

Mortgage Broken: Faces of Foreclosure

Posted on April 04, 2012
Relentless Struggle in Nevada Photograph by Bruce Gilden/Magnum for Bloomberg Businessweek

For the past 62 consecutive months, Nevada has been the epicenter of the foreclosure crisis, with the highest rate of foreclosures in the country. Last month, in one zip code in Las Vegas, 89031, one in every 103 homes received a foreclosure notice, according to RealtyTrac, a data seller in Irvine, Calif. It also reported that one in every 16 housing units in Nevada received at least one foreclosure filing. Magnum photographer Bruce Gilden interviewed several residents of Las Vegas and Reno who were going through the process of foreclosure, photographing them, their homes and other foreclosed properties for Bloomberg 

-- Brent Murray

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