Special offer

Seattle Foreclosures on the Rise

By
Real Estate Agent with Keller Williams Greater Seattle

It's not surprising as many have been anticipating a rise in foreclosures, but now it's upon us.  A local television station, King5, reported that foreclosures are up 30% over the past year.  And, for "most of them suffering the loss of their home, there are several investors waiting in the wings to buy them up."  

And, there are many interested...I know of investors, buyers sitting on the fence and even a few agents waiting on the sidelines looking for foreclosure deals. 

Comments (3)

Donna Quanrud
Coldwell Banker Burnet - Eden Prairie, MN
Donna Quanrud Southwest Metro Homes
Here in Minneapolis we are seeing a 71% rise in foreclosures.  I expect it to go higher as those ARM's come due.
Aug 08, 2006 03:25 AM
Jacqulyn Richey
Prominent Realty Group - Las Vegas, NV
Las Vegas Real Estate
Many experts (my wife for one) are prediciting the same thing for Las Vegas. Too many people bought into interest only loans or ARMs thinking they would be able to flip the property.  Closing are down 21% compared to last year at this time.  I'm sure foreclosures will start to rise.-Charles
Aug 11, 2006 11:04 AM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

yes they look so nice but Foreclosures are such tough on to stomach.

Oct 28, 2011 06:18 PM