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Sometimes eating lunch at home and watching the noon news on TV can have a positive effect on my business. Today as I was watching KING 5 (NBC), I learned that RealtyTrac had released the foreclosure stats for January 2010! I have been checking every day since last Thursday because I like to bring you most current news possible - so I was happy to learn I could finally do my monthly foreclosure blog post.
Rob McKenna, Attorney General for the State of Washington, was a special guest on the news today and he encourages anyone facing foreclosure to call the free counseling service at (877) 894-HOME. If you are behind on your payments, have received a notice of foreclosure, it doesn't matter who your loan is with. Just call the number and you will be helped.
According to Realty Trac, a national foreclosure trend reporting company, the January 2010 data shows that Washington State ranks #22 in the list of 50 states with foreclosures, #50 being the state with the least. As of today's January data, there are 3,495 properties in foreclosure in Washington State - which is about 1,000 less than December's number. This number translates to 1 out of every 785 housing units in foreclosure. "Housing units" means "stick-built single family houses," condominiums and townhouses.
Month's End, January 2010:
- King County had 880 properties in foreclosure, which means 1 out of every 928 housing units is in foreclosure.
- Pierce County had 646 properties in foreclosure, which means 1 out of every 486 housing units is in foreclosure.
- Snohomish County had 555 properties in foreclosure, which means 1 out of every 496 housing units is in foreclosure.
For comparison, our neighbors in Oregon had 4,812 homes in foreclosure which is 1 out of every 334 housing units in foreclosure. Oregon ranks 15th in the nation for homes in foreclosure.
Here are the top five states in the U.S. with properties in foreclosure, according to the data published this month by RealtyTrac.
- California had the most number of properties in foreclosure in the nation: 71,817, which means 1 out of every 185 housing units is in foreclosure.
- Florida had 47,069 properties in foreclosure, which means 1 out of every 185 housing units is in foreclosure.
- Arizona had 21,048 properties in foreclosure, which means 1 out of every 126 housing units is in foreclosure.
- Illinois had 18,120 properties in foreclosure, which means 1 out of every 289 housing units is in foreclosure
- Michigan had 17,574 properties in foreclosure, which means 1 out of every 257 housing units is in foreclosure
If you would like a list of all the homes that are ABOUT to be foreclosed on in your ZIP code... or if you want to know my top 5 hottest foreclosure or bank-owned homes for sale... Please contact me and I'll be happy to assist you!