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March Foreclosures

AlanAlan
edited April 2008 in Seattle Real Estate
KC NTS.
3/1/2007 - 3/7/2007: 90
3/1/2008 - 3/7/2008: 103

14% increase

Last March had a total of 385 Notice of Trustee Sales in KC.

Comments

  • AlanAlan
    Week 2

    3/1/2007 - 3/14/2007: 165
    3/3/2008 - 3/14/2008: 224

    36% increase
  • jillaynejillayne
    Hi Alan,

    Did you see this CNN video clip? It's about people who are facing foreclosure burning down their houses, hoping to collect the insurance money.

    http://www.cnn.com/video/#/video/us/200 ... .homes.cnn
  • AlanAlan
    That doesn't surprise me. Desparate people take extreme measures. We can expect other crime statistics to go up too.
  • AlanAlan
    Week 2

    3/1/2007 - 3/21/2007: 258
    3/1/2008 - 3/21/2008: 344

    33% increase
  • AlanAlan
    Final

    3/1/2007 - 3/31/2007: 385
    3/1/2008 - 3/31/2008: 476

    23% increase
  • david_mcmanusdavid_mcmanus
    Nice NTS in Kirkland on a million dollar home......and just from snooping around on Google it looks like the guy is a mortgage lender!

    http://146.129.54.93:8193/imgcache/OPR2 ... 65-1-4.pdf
  • AlanAlan
    Funny. I saw that this morning too.

    It isn't trivial to get the actual addresses for the NTS's. You actually have to open the scan of the document. You can get a description on the search page, but it gives some sort of legal description of the neighborhood. That particular house said "Kirkland" which is why I looked at it.

    The map shows a house behind this one on a flagpole lot. It looks like the property was subdivided.

    He is only $25k behind. I doubt this will actually go to auction.
  • jjljjl
    Actually this is a court ordered bankruptcy sale.
  • AlanAlan
    Fascinating. How did you discover that, jil?
  • UbersaladUbersalad
    he/she owns the house!
  • jjljjl
    I may have misstated. This is a Bankruptcy sale. I do not know if it is a "court ordered" Bankruptcy sale. However it may be an interesting one to watch since the Trustee's sale is next friday. It also appears that the outstanding mortgages total $1,250,000. I'm sure the current market won't support that price.

    I have many information sources, some that I pay a fee for. Just one of my (many) value added services I offer as a Realtor.
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