Distressed Inventory Report 9-5-09
The trend continues with the overall numbers of distrssed inventory holding steady just below 90 but with the number of forclosed homes increasing and the number of those with notices of Trustee Sales decreasing. The number of foreclosed homes is at an all time high since this Report started at 25. The number of Trustee Sales is at an all time low with 63. Looks like some of those short sales are starting to go together.
The big disconnect is the number of foreclosed homes at 25 and the listed “Bank Owned” homes in the NWMLS at 3. Some of this could be due to the agents not disclosing properly a property’s status. If I have time this weekend I could input the addresses of the bank owned homes in the NWMLS against the foreclosed homes of record and see what is really listed and what is not. This would help shed some light on the big disconnect between the very small number of bank owned homes listed and those of record. East Bellevue Foreclosure Report 9-5-09