Distressed Inventory Report 2-20-10

There appears to be no big spike in disressed inventory. East Bellevue (EB) saw a drop of five homes overall. This is a first. The only area with an increase was West Bellevue (WB). WB had four new Notice of Trustee Sale (NTS) but overall it appears that the NTS inventory is falling. More homes are selling before the Trustee Sale actually takes place. Antidotally I see more short sales receiving approval quicker. The sales rates seem steady and that combined with quicker short sale processing are keeping the lid on a potential increase in distrssed inventory.

Here is the spreadsheet: Bellevue Foreclosure Report 2-20-10

This entry was posted on Saturday, February 20th, 2010 at 8:56 am and is filed under Blog. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.