Distressed Inventory Report 1-9-10

By George Thurtle

Well it has begun. The Notice of Trustee Sales are up. Not a whole lot but I think the trend we discussed of lenders finally getting their foreclosure process in order to deal with the new requirements of contacting the borrower prior to any sale seem to be getting in place. You will see there was hardly any foreclosed inventory due to the Christmas and New Year Holiday occuring on Friday. The traditional days for the Trustee sales to occur. Expect to see these numbers pick up later in the month. I think by the first week in February we will see this play out and get a good idea of the overall distressed inventory trend for the Bellevue Home Market.

Click here for the spreadsheet link: Bellevue Foreclosure Report 1-9-10

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