According to RealtyTrac in October 2012:
“Meanwhile foreclosure activity in most non-judicial states stayed on a downward trajectory in August, with a few exceptions,” Blomquist continued. “Most notably, Washington state documented a 38 percent annual increase in foreclosure activity in August after 16 straight months of year-over-year declines. The rebounding activity in Washington state is likely the result of lenders catching up with foreclosures delayed by a state law that took effect in July 2011 and allowed homeowners facing foreclosure to request mediation. This rebounding pattern will likely be repeated in the coming months in other states that have passed legislation delaying the foreclosure process.”
Foreclosures have become a big part of our local market.
RealtyTrac provides information on how to get involved in the foreclosure market.
I also provide a list of local homes that are either bank-owned or soon to be auctioned properties. It's updated weekly. For the latest copy (if this site hasn't been updated), send me your e-mail address and I'll get you on the recipient list.
GIG HARBOR FORECLOSURES
- RealtyTrac's list of auction and bank-owned properties in Gig Harbor. A great place to start, but info is not always current, so call me for updates if you see a property you're interested in.