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Seattle Area Foreclosures on the Mend

Short Sale Home For Sale Real Estate Sign and House - Right Side.
According to foreclosure tracking company RealtyTrac, Washington’s statewide foreclosure rate for August of one foreclosure for every 413 housing units was 14th worst among the 50 states and the District of Columbia (same as July). Note that RealtyTrac’s definition of “in foreclosure” is much broader than what we are using, and includes Notice of Default, Lis Pendens, Notice of Trustee Sale, and Real Estate Owned.  If you are about to go into foreclosure know your  options                                                    before doing so, that’s where my team can help.

Thanks to SeattleBubble.com, here are the numbers of foreclosure activity with a more detailed look at August’s stats in King, Snohomish, and Pierce counties:

August 2010
King: 1,214 NTS, up 97% YOY
Snohomish: 628 NTS, up 91% YOY
Pierce: 817 NTS, up 90% YOY

We have a high success rate at avoiding foreclosures using short sale options (click to learn more). Know your options when it comes to short sales and foreclosures, rest assured we can help.

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