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MLO 293441

Spring Brings Sales - In Foreclosures - V

Friday, May 24, 2013 - Article by: MLO 293441 - Cascade Pacific Home Loans, Powered by Bay Equity - Message

Spring Brings Sales - In Foreclosures - V

This week we find a drop down to only seven (7) foreclosures in the legal notices of the local paper (TNT). This is down from last week's total of sixteen.

What is interesting about this week's listings is that contrary to last couple times when most of the listings were for immediate (next Friday) sales, this time only about half were set for next Friday, with the other half set for June 21st.

At the same time we are reading that CoreLogic shows more homes in Washington (2.34%), and Tacoma specifically (3.81%) being in some stage of foreclosures in March of this year than in March of last year. There was some good news in that the mortgage deliquency rate for those behind 90 days or more dropped .23% during that same time, though it is still over 9%.

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