Distressed Inventory Report 8-15-09
The overall distressed inventory declined from 74 to 71 but the nature of the decline was interesting. There were no notices of any new Trustee Sales but four of the homes that were posted for Trustee Sale went to foreclosure to make for four new foreclosed homes. However overall the overall inventory was reduced by three and that decline came from those homes that had benn posted for a Trustee Sale.
In the MLS the decline of bank owned invetory went from three to two but again the decline was interesting with two of the three homes that had been listed as bank owned went “pending inspection” and one new bank listing was added. The remaining listing is a fixer that has been reduced to $249,850. It has showed up as sold “pending inspection” a couple of times so it apparently has some problems with failed inspections but could be some opportunity on this one. Click on the link for the spreadsheet East Bellevue Foreclosure Report 8-15-09