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seattle foreclosures: More Home Foreclosures in Seattle's Future? What to do? - 06/23/08 02:29 PM
It was reported last week that home foreclosures have exceeded the 1 million mark nation wide.  Most of those however are located in other states.  Washington State accounts for less than 1% of all foreclosures nationally.   Most of these foreclosures nation wide have been blamed on adjustable rate mortgages, when the buyer was offered a "teaser" rate then saw their house payment increase significantly over the next couple of years while their income only went up slightly.  We believe that some of the foreclosures in the Seattle area have and will be the result of buyers paying too much for the … (0 comments)

seattle foreclosures: Washington State Adopts a New Statue that may Hurt Distressed Homeowners - 06/13/08 04:48 PM
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It was reported today by CNN Money that Home Foreclosures in the U.S. has toped 1,000,000 with Nevada, Arizona, California, and Florida accounting for 89% of the total of all Foreclosures. California, Nevada, Florida, Arizona and Michigan exhibited the greatest price depreciation in all transactions in the first quarter. While Wyoming, Utah, Montana, Texas and Alabama saw prices for all transactions increase the most.  According to the NWMLS the Seattle market also saw a slight increase in sale prices as well over the last two months.
And as people were loosing their homes at the highest rate on record for … (1 comments)

 
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