KUOW Misses the Mark on Foreclosures

KUOW ran a story a couple days ago that I would like to address here: Thousands Of Foreclosures Sit Off Market In Seattle Area The Seattle-area housing market could use an injection of inventory. It’s on a tear right now, fueled by high demand and low supply, and hooked on low-interest rates. And there is […]

RealtyTrac “Vampire REO” Nonsense

Foreclosure tracking company RealtyTrac came out with an article a few days ago that’s making the rounds among various news outlets: Monsters of the Housing Market: Vampire REOs and Zombie Foreclosures Here’s an excerpt: Vampire REOs are bank-owned homes that are still occupied by the previous homeowner who was foreclosed on. On the surface these […]

August Foreclosure Update (with Charts)

As a follow-up to last Friday’s foreclosure news, let’s take a look at a couple charts of local foreclosures. I contacted the folks at RealtyTrac to request historical foreclosure data for the Seattle area, and they were kind enough to provide me with their foreclosure data for King + Snohomish counties going back to April […]

Seattle-Area Foreclosures Rising Rapidly

Right on schedule, as home price declines in Seattle really start in earnest, foreclosures begin to “soar.” Seattle-area foreclosures were up 54 percent in August from a year earlier, according to a new report. The area, defined as King and Snohomish counties, had 1,185 properties with foreclosure filings, up 15 percent from July, according to […]

Foreclosures Up 41% YOY Around Seattle

Foreclosures in the Seattle area were up 41% year-over-year, according to a report from RealtyTrac. Seattle-area foreclosures continued to rise in July, according to a new report. The area, defined as King and Snohomish counties, had 1,030 properties with foreclosure filings, up 41 percent from a year earlier and 13 percent from June, according to […]

Foreclosures Still Rising Locally

Foreclosures are still on the rise in Washington State and in the Seattle area, according to the Seattle Times. Washington state foreclosure filings were up 69 percent last month compared with the previous June and up almost 10 percent from May, as the mortgage meltdown continues despite government and private efforts to help struggling homeowners. […]