{"id":12103,"date":"2010-08-12T07:00:13","date_gmt":"2010-08-12T14:00:13","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=12103"},"modified":"2010-08-12T06:42:00","modified_gmt":"2010-08-12T13:42:00","slug":"foreclosures-continue-to-surge-around-seattle","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/08\/12\/foreclosures-continue-to-surge-around-seattle\/","title":{"rendered":"Foreclosures Continue to Surge around Seattle"},"content":{"rendered":"<p>Let&#8217;s expand on our <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/08\/02\/july-stats-preview-where-did-the-buyers-go-edition\/\" title=\"July Stats Preview: &quot;Where did the buyers go?&quot; Edition\">preview of foreclosure activity<\/a> with a more detailed look at July&#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;\">July 2009<\/span><br \/>\nKing: 1,413 NTS, <span style=\"font-weight:bold;\">up<\/span> 13.2% YOY<br \/>\nSnohomish: 690 NTS, <span style=\"font-weight:bold;\">up<\/span> 11.3% YOY<br \/>\nPierce: 872 NTS, <span style=\"font-weight:bold;\">up<\/span> 8.6% 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\/08\/12\/foreclosures-continue-to-surge-around-seattle\/\"><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; color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><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>After a brief blip into negative year-over-year territory <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/07\/15\/foreclosures-spike-back-up-in-june-nearly-matching-highs\/\" title=\"Foreclosures Spike Back Up in June, Nearly Matching Highs\">in June<\/a> thanks to last year&#8217;s massive spike <a href=\"http:\/\/seattlebubble.com\/blog\/2009\/08\/13\/legislation-induced-foreclosure-spike-begins-to-wane\/\" title=\"Legislation-Induced Foreclosure Spike Begins to Wane\">following a change in state law<\/a>, foreclosures moved back into positive territory in July.  Month-to-month, King and Pierce were up, but Snohomish fell slightly.  King and Pierce both set new second-highest levels (only June of last year was higher).<\/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 577 households, Snohomish County had 1 NTS per 391 households, and Pierce had 1 NTS for every 364 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 June of one foreclosure for every 491 housing units was 14th worst among the 50 states and the District of Columbia (up from 25th in June).  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\/08\/12\/foreclosures-continue-to-surge-around-seattle\/\"><img loading=\"lazy\" decoding=\"async\" alt=\"% of Households Receiving NTSes \" src=\"http:\/\/public.tableausoftware.com\/static\/images\/Seattle-AreaForeclosures-ofHouseholdsReceivingNTSes_rss.png\" height=\"620\" width=\"584\" style=\"border:0;\" \/><\/a><\/noscript><\/p>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px; color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><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>If the rate of growth we&#8217;ve seen in foreclosures since February keeps up for much longer, we&#8217;ll bust through the June 2009 highs well before the end of the year.<\/p>\n<p>Every month I think maybe &#8220;the worst is over&#8221; with respect to foreclosures, and yet every month I am continually surprised to see the number continue to rise.  This is one area where we are clearly not seeing any &#8220;recovery&#8221; as of yet.<\/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>Let&#8217;s expand on our preview of foreclosure activity with a more detailed look at July&#8217;s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: July 2009 King: 1,413 NTS, up 13.2% YOY Snohomish: 690 NTS, up 11.3% YOY Pierce: 872 NTS, up 8.6% YOY Here&#8217;s your interactive Tableau dashboard&#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-12103","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 Continue to Surge around Seattle \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\/08\/12\/foreclosures-continue-to-surge-around-seattle\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Foreclosures Continue to Surge around Seattle \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s expand on our preview of foreclosure activity with a more detailed look at July&#8217;s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: July 2009 King: 1,413 NTS, up 13.2% YOY Snohomish: 690 NTS, up 11.3% YOY Pierce: 872 NTS, up 8.6% YOY Here&#8217;s your interactive Tableau dashboard...\" \/>\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\/08\/12\/foreclosures-continue-to-surge-around-seattle\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2010\/08\/12\/foreclosures-continue-to-surge-around-seattle\/\",\"name\":\"Foreclosures Continue to Surge around Seattle \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/08\/12\/foreclosures-continue-to-surge-around-seattle\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/08\/12\/foreclosures-continue-to-surge-around-seattle\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/public.tableausoftware.com\/static\/images\/Seattle-AreaForeclosures-ForeclosureDash_rss.png\",\"datePublished\":\"2010-08-12T14:00:13+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/08\/12\/foreclosures-continue-to-surge-around-seattle\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2010\/08\/12\/foreclosures-continue-to-surge-around-seattle\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/08\/12\/foreclosures-continue-to-surge-around-seattle\/#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\/08\/12\/foreclosures-continue-to-surge-around-seattle\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreclosures Continue to Surge around Seattle\"}]},{\"@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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