{"id":8238,"date":"2009-12-10T06:00:50","date_gmt":"2009-12-10T14:00:50","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=8238"},"modified":"2010-10-28T23:39:21","modified_gmt":"2010-10-29T06:39:21","slug":"foreclosures-continue-steady-climb-around-seattle","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/","title":{"rendered":"Foreclosures Continue Steady Climb Around Seattle"},"content":{"rendered":"<p>Time for our detailed look at foreclosure activity for November in King, Snohomish, and Pierce counties.  First up, the Notice of Trustee Sale summary:<\/p>\n<blockquote><p><span style=\"text-decoration: underline;\">November 2009<\/span><br \/>\nKing: 783 NTS, up 45% YOY<br \/>\nSnohomish: 387 NTS, up 76% YOY<br \/>\nPierce: 455 NTS, <em>down<\/em> 2% YOY<\/p><\/blockquote>\n<p>Foreclosure notices bumped back up again in all three counties last month.  As we pointed out <a href=\"http:\/\/seattlebubble.com\/blog\/2009\/11\/12\/foreclosures-still-stalled-by-sb-5810\/\" title=\"Foreclosures Still Stalled by SB 5810?\">last month<\/a>, the foreclosure rate is a rather noisy measure, alternating up and down month-to-month nearly every month.  Last month was down, this month is back up again.  Also, keep in mind that the effects of SB 5810 (<a href=\"http:\/\/seattlebubble.com\/blog\/2009\/08\/13\/legislation-induced-foreclosure-spike-begins-to-wane\/\" title=\"Legislation-Induced Foreclosure Spike Begins to Wane\">more on that here<\/a>), are still working their way through the system.<\/p>\n<p>Here&#8217;s a simple look at how November&#8217;s foreclosures compare to the same month last year in each of the three counties:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Notices of Trustee Sale\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-YOY_2009-11.png\" rel=\"lightbox[8238]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px;\" title=\"Notices of Trustee Sale - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-YOY_2009-11-600x435.png\" alt=\"Notices of Trustee Sale\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>Next let&#8217;s look at the percentage of households that received a Notice of Trustee Sale (based on household data for each county from the <a href=\"http:\/\/factfinder.census.gov\/servlet\/ACSSAFFFacts?_submenuId=factsheet_0&#038;_sse=on\" title=\"American Community Survey\">American Community Survey<\/a>, assuming linear household growth between surveys):<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Households per Foreclosure\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Households-pct_2009-11.png\" rel=\"lightbox[8238]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px;\" title=\"Households per Foreclosure - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Households-pct_2009-11-600x435.png\" alt=\"Households per Foreclosure\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>King County came in at 1 NTS per 1,009 households, Snohomish County had 1 NTS per 682 households, and Pierce had 1 NTS for every 656 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 of one foreclosure for every 835 households was 28th worst among the 50 states and the District of Columbia (up from from 29th 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>Following are the usual charts of King, Pierce, and Snohomish County foreclosures from January 2000 through November 2009.  Click below to continue&#8230;<\/p>\n<p><!--more--><\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Notices of Trustee Sale - King\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-King_2009-11.png\" rel=\"lightbox[8238]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px;\" title=\"Notices of Trustee Sale - King - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-King_2009-11-600x435.png\" alt=\"Notices of Trustee Sale - King\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>Back into territory that is higher than any reading before this year.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Notices of Trustee Sale - Snohomish\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Snohomish_2009-11.png\" rel=\"lightbox[8238]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px;\" title=\"Notices of Trustee Sale - Snohomish - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Snohomish_2009-11-600x435.png\" alt=\"Notices of Trustee Sale - Snohomish\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>Same story in Snohomish, with November&#8217;s 387 coming in higher than any of the elevated months in 2008.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Notices of Trustee Sale - Pierce\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Pierce_2009-11.png\" rel=\"lightbox[8238]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px;\" title=\"Notices of Trustee Sale - Pierce - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Pierce_2009-11-600x435.png\" alt=\"Notices of Trustee Sale - Pierce\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>Pierce County is still floating slightly below where it was late last year, but moved above the levels set in early 2008.<\/p>\n<p>Here&#8217;s one more view of Notices of Trustee Sale in the three counties that makes the year-over-year comparison a little easier to visualize:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Notices of Trustee Sale - King\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-King-by-year_2009-11.png\" rel=\"lightbox[8238]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px;\" title=\"Notices of Trustee Sale - King - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-King-by-year_2009-11-600x435.png\" alt=\"Notices of Trustee Sale - King\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Notices of Trustee Sale - Snohomish\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Snohomish-by-year_2009-11.png\" rel=\"lightbox[8238]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px;\" title=\"Notices of Trustee Sale - Snohomish - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Snohomish-by-year_2009-11-600x435.png\" alt=\"Notices of Trustee Sale - Snohomish\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Notices of Trustee Sale - Pierce\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Pierce-by-year_2009-11.png\" rel=\"lightbox[8238]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px;\" title=\"Notices of Trustee Sale - Pierce - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-Pierce-by-year_2009-11-600x435.png\" alt=\"Notices of Trustee Sale - Pierce\" width=\"600\" height=\"435\" \/><\/a><\/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 title=\"Foreclosures Yet Again Shot to New Record Highs in March\" href=\"http:\/\/seattlebubble.com\/blog\/2009\/07\/16\/local-foreclosures-skyrocketed-even-higher-in-june\/\">refer to the final chart in this post<\/a>.  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 for our detailed look at foreclosure activity for November in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: November 2009 King: 783 NTS, up 45% YOY Snohomish: 387 NTS, up 76% YOY Pierce: 455 NTS, down 2% YOY Foreclosure notices bumped back up again in all three counties last&#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],"tags":[7,58,419,259,720,169,570],"coauthors":[],"class_list":["post-8238","post","type-post","status-publish","format-standard","hentry","category-stats","tag-foreclosures","tag-king_county","tag-notice-of-trustee-sale","tag-pierce","tag-sb-5810","tag-snohomish","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 Steady Climb 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\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Foreclosures Continue Steady Climb Around Seattle \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Time for our detailed look at foreclosure activity for November in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: November 2009 King: 783 NTS, up 45% YOY Snohomish: 387 NTS, up 76% YOY Pierce: 455 NTS, down 2% YOY Foreclosure notices bumped back up again in all three counties last...\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-YOY_2009-11.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\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/\",\"name\":\"Foreclosures Continue Steady Climb Around Seattle \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-YOY_2009-11-600x435.png\",\"datePublished\":\"2009-12-10T14:00:50+00:00\",\"dateModified\":\"2010-10-29T06:39:21+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-YOY_2009-11.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/12\/NOT-YOY_2009-11.png\",\"width\":\"912\",\"height\":\"662\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/12\/10\/foreclosures-continue-steady-climb-around-seattle\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreclosures Continue Steady Climb 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. 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