Being a part of the RealtyTrac Nationwide Agent Network, I am provided with the FORECLOSURE MARKET TRENDS for my market area . I'd say we're doing pretty good compared to the rest of the nation. As a matter of fact, our inventory is only about 2.1 months.
|
Foreclosure Trends : July, 2012
|
National
|
Washington
|
King CTY
|
|
NODs
|
21,155
|
0
|
0
|
|
NTSs
|
53,698
|
2,383
|
687
|
|
NFSs
|
23,925
|
0
|
0
|
|
LISs
|
39,493
|
0
|
0
|
|
REOs
|
53,654
|
1,162
|
259
|
| |
|
|
|
|
Notice of Default (NOD)
A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD
|
|
Lis Penden (LIS)
Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS
|
|
Auction / Notice of Trustee's Sale (NTS)
A filing by notice announcing a public auction. More about NTS
|
|
Notice (Judgment) of Foreclosure Sale (NFS)
An order signed by a judge directing to sell the property at public auction. More about NFS
|
|
Real Estate Owned (REO)
The final step in foreclosure process in which property ownership returns to lender. More about REOs
|
|
Comments(1)