{"id":10952,"date":"2010-05-13T09:41:54","date_gmt":"2010-05-13T16:41:54","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=10952"},"modified":"2010-05-13T09:41:54","modified_gmt":"2010-05-13T16:41:54","slug":"foreclosures-remain-highly-elevated-in-april","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/","title":{"rendered":"Foreclosures Remain Highly Elevated in April"},"content":{"rendered":"<p>Time to expand on our <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/05\/03\/april-stats-preview-slowly-climbing-sales-edition\/\" title=\"April Stats Preview: Slowly Climbing Sales Edition\">preview of foreclosure activity<\/a> with a more detailed look at April&#8217;s stats in King, Snohomish, and Pierce counties.  First up, the Notice of Trustee Sale summary:<\/p>\n<blockquote><p><span style=\"text-decoration: underline;\">April 2009<\/span><br \/>\nKing: 1,293 NTS, up 37.8% YOY<br \/>\nSnohomish: 640 NTS, up 32.5% YOY<br \/>\nPierce: 737 NTS, up 13.0% YOY<\/p><\/blockquote>\n<p>Here&#8217;s your interactive Tableau dashboard updated with the latest foreclosure data:<\/p>\n<div style=\"width: 600px; height: 690px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><object class=\"tableauViz\" width=\"604\" height=\"669\" style=\"display:none;\"><param name=\"name\" value=\"Seattle-AreaForeclosures\/ForeclosureDash\" \/><param name=\"toolbar\" value=\"yes\" \/><\/object><noscript>Foreclosure Dash<br \/><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/\"><img loading=\"lazy\" decoding=\"async\" alt=\"Foreclosure Dash\" src=\"http:\/\/public.tableausoftware.com\/static\/images\/Seattle-AreaForeclosures-ForeclosureDash_rss.png\" height=\"620\" width=\"584\" style=\"border:0;\" \/><\/a><\/noscript><\/p>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px; margin-top: -6px; color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"padding-left: 488px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Seattle-AreaForeclosures\/ForeclosureDash\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>A little bit of a back-off from March in all three counties, but the difference wasn&#8217;t much more than what you would expect to see given that April has one less day than March.<\/p>\n<p>The percentage of households in the chart above is determined using <a href=\"http:\/\/www.ofm.wa.gov\/pop\/estimates.asp\" title=\"OFM: Population Estimates &#038; Forecasts\">OFM population estimates<\/a> and household sizes from the 2000 Census.  King County came in at 1 NTS per 628 households, Snohomish County had 1 NTS per 420 households, and Pierce had 1 NTS for every 429 households (higher is better).<\/p>\n<p>According to <a href=\"http:\/\/www.realtytrac.com\/contentmanagement\/\" title=\"RealtyTrac news releases\">foreclosure tracking company RealtyTrac<\/a>, Washington&#8217;s statewide foreclosure rate for April of one foreclosure for every 640 housing units was 24th worst among the 50 states and the District of Columbia (up from 32nd last month).  Note that RealtyTrac&#8217;s definition of &#8220;in foreclosure&#8221; is much broader than what we are using, and includes Notice of Default, Lis Pendens, Notice of Trustee Sale, and Real Estate Owned.<\/p>\n<p>Hit the jump for a larger version of the chart that shows the percentage of households in each county receiving a foreclosure notice each month:<\/p>\n<p><!--more--><\/p>\n<div style=\"width: 600px; height: 690px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><object class=\"tableauViz\" width=\"604\" height=\"669\" style=\"display:none;\"><param name=\"name\" value=\"Seattle-AreaForeclosures\/ofHouseholdsReceivingNTSes\" \/><param name=\"toolbar\" value=\"yes\" \/><\/object><noscript>% of Households Receiving NTSes<br \/><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/\"><img loading=\"lazy\" decoding=\"async\" alt=\"% of Households Receiving NTS\" src=\"http:\/\/public.tableausoftware.com\/static\/images\/Seattle-AreaForeclosures-ofHouseholdsReceivingNTSes_rss.png\" width=\"600\" height=\"355\" style=\"border:0;\" \/><\/a><\/noscript><\/p>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px; margin-top: -6px; color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"padding-left: 488px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Seattle-AreaForeclosures\/ofHouseholdsReceivingNTSes\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>It will be quite interesting to see how these numbers pan out over the summer, especially as the number of buyers begins to dry up thanks to the expiration of the tax credit.<\/p>\n<p style=\"font-size: 85%;\"><b>Note:<\/b> The graphs above are derived from monthly Notice of Trustee Sale counts gathered at <a title=\"King County Recorder's Office\" href=\"http:\/\/www.metrokc.gov\/recelec\/records\/\">King<\/a>, <a title=\"Snohomish County Auditor\" href=\"http:\/\/198.238.192.100\/localization\/menu.asp\">Snohomish<\/a>, and <a title=\"Pierce County Auditor\" href=\"http:\/\/hartweb.co.pierce.wa.us\/localization\/menu.asp\">Pierce<\/a> County records.  For a longer-term picture of King County foreclosures back to 1979, <a href=\"http:\/\/public.tableausoftware.com\/views\/Seattle-AreaForeclosures\/KingCountyForeclosures\" title=\"King County Notices of Trustee Sale\">hit this chart<\/a> and drag the date slider to its full range.  For the full legal definition of what a Notice of Trustee Sale is and how it fits into the foreclosure process, check out <a href=\"http:\/\/apps.leg.wa.gov\/RCW\/default.aspx?Cite=61.24.040\">RCW 61.24.040<\/a>.  The short version is that it is the notice sent to delinquent borrowers that their home will be repossessed in 90 days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time to expand on our preview of foreclosure activity with a more detailed look at April&#8217;s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: April 2009 King: 1,293 NTS, up 37.8% YOY Snohomish: 640 NTS, up 32.5% YOY Pierce: 737 NTS, up 13.0% YOY Here&#8217;s your interactive Tableau&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[7,58,419,259,169,531,570],"coauthors":[],"class_list":["post-10952","post","type-post","status-publish","format-standard","hentry","category-stats","category-counties","tag-foreclosures","tag-king_county","tag-notice-of-trustee-sale","tag-pierce","tag-snohomish","tag-tableau","tag-trustee-deeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Foreclosures Remain Highly Elevated in April \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Foreclosures Remain Highly Elevated in April \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Time to expand on our preview of foreclosure activity with a more detailed look at April&#8217;s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: April 2009 King: 1,293 NTS, up 37.8% YOY Snohomish: 640 NTS, up 32.5% YOY Pierce: 737 NTS, up 13.0% YOY Here&#8217;s your interactive Tableau...\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/public.tableausoftware.com\/static\/images\/Seattle-AreaForeclosures-ForeclosureDash_rss.png\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/\",\"name\":\"Foreclosures Remain Highly Elevated in April \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/public.tableausoftware.com\/static\/images\/Seattle-AreaForeclosures-ForeclosureDash_rss.png\",\"datePublished\":\"2010-05-13T16:41:54+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/#primaryimage\",\"url\":\"http:\/\/public.tableausoftware.com\/static\/images\/Seattle-AreaForeclosures-ForeclosureDash_rss.png\",\"contentUrl\":\"http:\/\/public.tableausoftware.com\/static\/images\/Seattle-AreaForeclosures-ForeclosureDash_rss.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/05\/13\/foreclosures-remain-highly-elevated-in-april\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreclosures Remain Highly Elevated in April\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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