{"id":3649,"date":"2008-12-11T07:47:05","date_gmt":"2008-12-11T15:47:05","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=3649"},"modified":"2009-02-19T12:51:46","modified_gmt":"2009-02-19T20:51:46","slug":"foreclosure-increases-slowed-in-november","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/12\/11\/foreclosure-increases-slowed-in-november\/","title":{"rendered":"Foreclosure Increases Slowed in November"},"content":{"rendered":"

Here’s your November update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary:<\/p>\n

\n

November 2008<\/span>
\nKing: 540 NTS, up 57% YOY
\nSnohomish: 220 NTS, up 28% YOY
\nPierce: 465 NTS, up 28% YOY<\/p>\n<\/blockquote>\n

The graphs below are derived from monthly Notice of Trustee Sale counts gathered at King<\/a>, Snohomish<\/a>, and Pierce<\/a> County records. For a longer-term picture of King County foreclosures back to 1979, refer to this post<\/a>.<\/p>\n

For the full legal definition of what a Notice of Trustee Sale is and how it fits into the foreclosure process, check out 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

First let’s look at the percentage of households that received a Notice of Trustee Sale (based on household data for each county from the American Community Survey<\/a>, assuming linear household growth between surveys):<\/p>\n

\"Households<\/a><\/p>\n

For comparison, the latest press release from RealtyTrac<\/a> (whose definition of foreclosure includes Notice of Default, Auction, Notice of Trustee Sale, and Real Estate Owned) gives foreclosure rates for every state in the country.<\/p>\n

Following are charts of King, Pierce, and Snohomish County foreclosures from January 2000 through November 2008, with uniform y-axis scales to provide easier comparison. Unfortunately I’m on the road today, so I don’t have the time for the usual commentary to go along with the charts. Click below to continue…<\/p>\n

<\/p>\n

\"Notices<\/a><\/p>\n

\"Notices<\/a><\/p>\n

\"Notices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s your November update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: November 2008 King: 540 NTS, up 57% YOY Snohomish: 220 NTS, up 28% YOY Pierce: 465 NTS, up 28% YOY The graphs below are derived from monthly Notice of Trustee Sale counts gathered at…<\/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],"tags":[7,58,419,259,169],"coauthors":[],"class_list":["post-3649","post","type-post","status-publish","format-standard","hentry","category-stats","tag-foreclosures","tag-king_county","tag-notice-of-trustee-sale","tag-pierce","tag-snohomish"],"yoast_head":"\nForeclosure Increases Slowed in November \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\/2008\/12\/11\/foreclosure-increases-slowed-in-november\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Foreclosure Increases Slowed in November \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Here’s your November update on Foreclosure activity in King, Snohomish, and Pierce counties. 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