Distressed Inventory Report 6-26-10

By George Thurtle

The Notice of Trustee Sales (NTS) keep climbing. This week saw the largest increase in distressed inventory so far. It looks like the lenders are moving more aggresively to foreclose. The main charaterstic of the increases this week is that they occured on individual single family homes not on builder projects as occured on the big increase in inventory previously. In the past week there were 12 new NTS in the 98008 zip code and in the 98004 there were 8 homes this week. The 98004 zip code had been fairly resistant to distressed inventory but saw 8 new NTS this week alone. This is a huge increase.

The spreadsheet is here: Bellevue Foreclosure Report 6-26-10

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