Short Sales Bounce Back, Bank-Owned Stay Low

Short Sales Bounce Back, Bank-Owned Stay Low

Time to take look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In June 2012 9.4% of the sales of single-family homes in King County were bank-owned. In June 2013 that number was just 5.7%. We’ve now matched the low of 5.7% set in November. Short sales bounched back […]

Can Banks Seek Deficiency Judgment in Washington State?

Over the weekend the Washington Post published a story about former homeowners who find themselves owing money on a home they lost to foreclosure years earlier: Lenders seek court actions against homeowners years after foreclosure. It’s a process called “deficiency judgment,” and it’s not really news to anyone who has paid attention to housing over […]

Distressed Sales Hit Lowest Point in Over Four Years

Distressed Sales Hit Lowest Point in Over Four Years

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In May 2012 12.9% of the sales of single-family homes in King County were bank-owned. In May 2013 that number was just 6.4%. We’re still a little bit above the low of 5.7% set in November, but […]

Bank-Owned Sales Inched Down Again in April

Bank-Owned Sales Inched Down Again in April

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In April 2012 15.2% of the sales of single-family homes in King County were bank-owned. In April 2013 that number was just 6.8%. The low point of the last few years was 5.7% in November. I wouldn’t […]

Distressed Sales Tumbled in March

Distressed Sales Tumbled in March

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In March 2012 20.1% of the sales of single-family homes in King County were bank-owned, just a few points below the highest level on record. In March 2013 that number was just 7.7%. As predicted, after bumping […]

Distressed Sales Bump Up Again in February

Distressed Sales Bump Up Again in February

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In February 2012 22.8% of the sale of single-family homes in King County were bank-owned, the highest level on record. In February 2013 that number was just 9.5%. This represents a slight increase from January, but if […]

Distressed Sales Finally Saw a Winter Spike in January

Distressed Sales Finally Saw a Winter Spike in January

Let’s take another look at what share of the monthly sales are being taken up by bank-owned and short sales. In January 2012 22.3% of the sale of single-family homes in King County were bank-owned. In January 2013 that number was just 9.3%. Although the number is much lower than it was a year ago, […]