Short Sale Blog

RealtyTrac, an online aggregator of foreclosure information, just released it's mid-year foreclosure report. While the most recent 6-month time period shows a 5% decrease from the last half of 2009 - compared to the same time-period last year, foreclosure filings are up by 8%.

Nationwide, one in 78 properties received a foreclosure filing in the first half of 2010. It is expected that by year end, a over 3 million properties will have received a foreclosure notice in the United States.

In the month of June 2010, in King County, there were 1,615 properties that received a foreclosure filing. That is a rate of one in every 517 properties received a foreclosure notice. Specific areas that were hit hard in June include Fall City with a rate of one in every 184 properties, and Maple Valley with one in every 211 properties receiving a foreclosure notice.

Overall, the trend is not positive in King County and the Seattle area. It is actually frighteningly bad. I'm not sure people realize the crisis our local population is currently going through. The amount of dislocation and upset in thousands of our neighbor's lives is very real, and is increasing rapidly.

• February - 561
• March - 832
• April - 1,282
• May - 1,502
• June - 1,615

Our mission here at Seattle Short Sales, Inc. is to help as many homeowners as possible through this difficult period of time. If you are a homeowner, please contact us today for assistance. There is a never a charge to a homeowner for our service. You will always have an attorney available to you at no charge for both initial consultation and lender negotiations.