{"id":29114,"date":"2014-07-17T07:30:56","date_gmt":"2014-07-17T14:30:56","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=29114"},"modified":"2014-07-17T07:52:33","modified_gmt":"2014-07-17T14:52:33","slug":"foreclosures-fell-further-in-june","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/07\/17\/foreclosures-fell-further-in-june\/","title":{"rendered":"Foreclosures Fell Further in June"},"content":{"rendered":"<p>It&#8217;s time for our detailed look at June&#8217;s foreclosure stats in King, Snohomish, and Pierce counties.  First up, the Notice of Trustee Sale summary:<\/p>\n<blockquote><p><span style=\"text-decoration: underline\">June 2013<\/span><br \/>\nKing: 402 NTS, down 31% YOY<br \/>\nSnohomish: 145 NTS, down 58% YOY<br \/>\nPierce: 337 NTS, down 33% YOY<\/p><\/blockquote>\n<p>The number of trustee sale notices continues to drop dramatically from year-ago levels in all three counties.  After adjusting for non-holiday weekdays, <a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/07\/Foreclosures-NTS-Daily-Rate_2014-06.png\" title=\"Notices of Trustee Sale: Daily Rate\" rel=\"lightbox[29114]\">weekday rate of foreclosures per business day<\/a> was up month-over-month just slightly in Pierce County, but down in King and Snohomish.<\/p>\n<p>Here&#8217;s how the latest month&#8217;s weekday rate of foreclosures in each county compares to the 2000-2007 average and the highest level that was reached during the housing bust.<\/p>\n<style>\n  table.dailyforc {\n  width:250px; margin:0 auto 20px;\n  }\n  table.dailyforc td, table.dailyforc th {\n  text-align:right\n  }\n<\/style>\n<table class=\"dailyforc\">\n<thead>\n<tr>\n<th>County<\/th>\n<th>&#8217;00-&#8217;07<\/th>\n<th>Max<\/th>\n<th>Latest<\/th>\n<\/tr>\n<thead>\n<tbody>\n<tr>\n<td>King<\/td>\n<td>13.4<\/td>\n<td>73.4<\/td>\n<td>19.1<\/td>\n<\/tr>\n<tr>\n<td>Snohomish<\/td>\n<td>7.0<\/td>\n<td>37.1<\/td>\n<td>6.9<\/td>\n<\/tr>\n<tr>\n<td>Pierce<\/td>\n<td>11.2<\/td>\n<td>47.7<\/td>\n<td>16.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Snonomish County hit its lowest level of foreclosures since October 2007, and came in slightly <em>below<\/em> the pre-bust average.<\/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\/2014\/07\/17\/foreclosures-fell-further-in-june\/\"><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 2,073 households, Snohomish County had 1 NTS per 1,915 households, and Pierce had 1 NTS for every 937 households (higher is better).<\/p>\n<p>According to <a href=\"http:\/\/www.realtytrac.com\/statsandtrends\/foreclosuretrends\" title=\"RealtyTrac Foreclosure Trends\">foreclosure tracking company RealtyTrac<\/a>, Washington&#8217;s statewide foreclosure rate for May of one foreclosure for every 1,711 housing units was 30th 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\/2014\/07\/17\/foreclosures-fell-further-in-june\/\"><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 for our detailed look at June&#8217;s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: June 2013 King: 402 NTS, down 31% YOY Snohomish: 145 NTS, down 58% YOY Pierce: 337 NTS, down 33% YOY The number of trustee sale notices continues to drop dramatically from&#8230;<\/p>\n","protected":false},"author":2,"featured_media":29115,"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 Fell Further in June http:\/\/wp.me\/pe2Bv-7zA","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-29114","post","type-post","status-publish","format-standard","has-post-thumbnail","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 Fell Further in June \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\/2014\/07\/17\/foreclosures-fell-further-in-june\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Foreclosures Fell Further in June \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It&#8217;s time for our detailed look at June&#8217;s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: June 2013 King: 402 NTS, down 31% YOY Snohomish: 145 NTS, down 58% YOY Pierce: 337 NTS, down 33% YOY The number of trustee sale notices continues to drop dramatically from...\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/07\/Foreclosures-NTS-Daily-Rate_2014-06.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\/2014\/07\/17\/foreclosures-fell-further-in-june\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2014\/07\/17\/foreclosures-fell-further-in-june\/\",\"name\":\"Foreclosures Fell Further in June \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2014\/07\/17\/foreclosures-fell-further-in-june\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2014\/07\/17\/foreclosures-fell-further-in-june\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/07\/Foreclosures-NTS-Daily-Rate_2014-06.png\",\"datePublished\":\"2014-07-17T14:30:56+00:00\",\"dateModified\":\"2014-07-17T14:52:33+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2014\/07\/17\/foreclosures-fell-further-in-june\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2014\/07\/17\/foreclosures-fell-further-in-june\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2014\/07\/17\/foreclosures-fell-further-in-june\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/07\/Foreclosures-NTS-Daily-Rate_2014-06.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/07\/Foreclosures-NTS-Daily-Rate_2014-06.png\",\"width\":910,\"height\":661},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2014\/07\/17\/foreclosures-fell-further-in-june\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreclosures Fell Further in June\"}]},{\"@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. 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