{"id":25364,"date":"2013-01-17T09:00:01","date_gmt":"2013-01-17T17:00:01","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=25364"},"modified":"2013-01-21T13:50:18","modified_gmt":"2013-01-21T21:50:18","slug":"foreclosures-spike-up-to-close-2012","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/01\/17\/foreclosures-spike-up-to-close-2012\/","title":{"rendered":"Foreclosures Spike Up to Close 2012"},"content":{"rendered":"<p>It&#8217;s time once again to expand on our <a href=\"http:\/\/seattlebubble.com\/blog\/2013\/01\/03\/december-stats-preview-foreclosure-surge-edition\/\" title=\"December Stats Preview: Foreclosure Surge Edition\">preview of foreclosure activity<\/a> with a more detailed look at December&#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\">December 2012<\/span><br \/>\nKing: 1,031 NTS, <span style=\"font-weight:bold\">up<\/span> 198.8% YOY<br \/>\nSnohomish: 609 NTS, <span style=\"font-weight:bold\">up<\/span> 278.3% YOY<br \/>\nPierce: 770 NTS, <span style=\"font-weight:bold\">up<\/span> 237.7% YOY<\/p><\/blockquote>\n<p>All three counties are still up quite a bit from a year ago since last year at this time foreclosures were falling each month, but this year they are rising.<\/p>\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><\/p>\n<div class=\"tableauPlaceholder\" style=\"width:604px; height:669px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/2013\/01\/17\/foreclosures-spike-up-to-close-2012\/\"><img decoding=\"async\" alt=\"Foreclosure Dash \" src=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Se&#47;SeattleMetroForeclosures&#47;ForeclosureDash&#47;1_rss.png\" style=\"border: none\" \/><\/a><\/noscript><object class=\"tableauViz\" width=\"604\" height=\"669\" style=\"display:none;\"><param name=\"host_url\" value=\"http%3A%2F%2Fpublic.tableausoftware.com%2F\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"SeattleMetroForeclosures&#47;ForeclosureDash\" \/><param name=\"tabs\" value=\"no\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Se&#47;SeattleMetroForeclosures&#47;ForeclosureDash&#47;1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><\/object><\/div>\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\/SeattleMetroForeclosures\/ForeclosureDash\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\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 &amp; Forecasts\">OFM population estimates<\/a> and household sizes from the 2000 Census.  King County came in at 1 NTS per 815 households, Snohomish County had 1 NTS per 454 households, and Pierce had 1 NTS for every 422 households (higher is better).<\/p>\n<p>According to <a href=\"http:\/\/www.realtytrac.com\/content\/press-releases\" title=\"RealtyTrac Press Releases\">foreclosure tracking company RealtyTrac<\/a>, Washington&#8217;s statewide foreclosure rate for December of one foreclosure for every 615 housing units was 8th highest among the 50 states and the District of Columbia.  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: 550px;margin: 0 auto\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><\/p>\n<div class=\"tableauPlaceholder\" style=\"width:1604px; height:1005px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/2013\/01\/17\/foreclosures-spike-up-to-close-2012\/\"><img decoding=\"async\" alt=\"Percent of Households Receiving NTSes \" src=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Se&#47;SeattleMetroForeclosures&#47;PercentofHouseholdsReceivingNTSes&#47;1_rss.png\" style=\"border: none\" \/><\/a><\/noscript><object class=\"tableauViz\" width=\"604\" height=\"529\" style=\"display:none;\"><param name=\"host_url\" value=\"http%3A%2F%2Fpublic.tableausoftware.com%2F\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"SeattleMetroForeclosures&#47;PercentofHouseholdsReceivingNTSes\" \/><param name=\"tabs\" value=\"no\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Se&#47;SeattleMetroForeclosures&#47;PercentofHouseholdsReceivingNTSes&#47;1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><\/object><\/div>\n<div style=\"width:1604px;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\/SeattleMetroForeclosures\/PercentofHouseholdsReceivingNTSes\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\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>It&#8217;s time once again to expand on our preview of foreclosure activity with a more detailed look at December&#8217;s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: December 2012 King: 1,031 NTS, up 198.8% YOY Snohomish: 609 NTS, up 278.3% YOY Pierce: 770 NTS, up 237.7% YOY All&#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":"On the blog: Foreclosures Spike Up to Close 2012 http:\/\/wp.me\/pe2Bv-6B6","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"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-25364","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 Spike Up to Close 2012 \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\/2013\/01\/17\/foreclosures-spike-up-to-close-2012\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Foreclosures Spike Up to Close 2012 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It&#8217;s time once again to expand on our preview of foreclosure activity with a more detailed look at December&#8217;s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: December 2012 King: 1,031 NTS, up 198.8% YOY Snohomish: 609 NTS, up 278.3% YOY Pierce: 770 NTS, up 237.7% YOY All...\" \/>\n<meta name=\"twitter:image\" content=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Se&#47;SeattleMetroForeclosures&#47;ForeclosureDash&#47;1_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\/2013\/01\/17\/foreclosures-spike-up-to-close-2012\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2013\/01\/17\/foreclosures-spike-up-to-close-2012\/\",\"name\":\"Foreclosures Spike Up to Close 2012 \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"datePublished\":\"2013-01-17T17:00:01+00:00\",\"dateModified\":\"2013-01-21T21:50:18+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2013\/01\/17\/foreclosures-spike-up-to-close-2012\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2013\/01\/17\/foreclosures-spike-up-to-close-2012\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2013\/01\/17\/foreclosures-spike-up-to-close-2012\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreclosures Spike Up to Close 2012\"}]},{\"@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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