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Distressed Inventory Report 12-25-10
Being Christmas I did not do a new report. I just copied the previous week's numbers as a place holder to start the New Year. everyone have a good Holiday and let's see what next year brings. The spreadsheet is here: Bellevue Foreclosure Report... »
Distressed Inventory Report 11-13-10
The numbers keep riding but the rate has slowed. The Notice of Trustee (NTS) is where most of the activity is occuring. In West Bellevue there was 5 new NTS in this week alone. This area had seen the least activity over the last few weeks. The other areas had a much more modest increase in inventory and NTS activity.... »
Distressed Inventory Report 10-23-10
The amount of Distressed Inventory keeps declining. The Notice of Trustee sales are seeing some very large week to week reductions. The issue is if this decline is the result of underlying market fundamentals or is because the banks have stopped processing foreclosures. First of all not thay many banks stopped processing and most of them have started processing foreclosures again including... »
Distressed Inventory Report 10-16-10
I am finally caught up now with having the reports become more timely. I will get into the specifics of this week's numbers but first want to discuss the big news of the last couple of weeks and that is new mess caused by the mortgage servicers not following proper foreclosure procedures. As has been in the news Bank of... »
Distressed Inventory Report 9-18-10
The amount of Distressed Inventory appears to be peaking. At some point time the Distressed Inventory needs to be wrung out of the system. Until the economy picks up it will take a while. What I am seeing is that the low end condominiums are generating a lot of the inventory and the pricing on those really seems to be... »
Distressed Inventory Report 7-31-10
The overall rate of the distressed inventory increase appears to be slowing. The number of bank owned homes are down a little and in East Bellevue there actually was a small overall decline in distressed inventory. The Notice of Trustee Sales (NTS) keep rising and in zip code 98008 there were 5 notices alone. Most of the foreclosure and short sale... »