Seattle is the only one of the 20 largest metropolitan areas of the country where Foreclosure activity increased in the first half of 2010 at the same time, this year, according to a new report.
Requests for foreclosure in King, Pierce and Snohomish counties jumped 9.8% a year, although they fell 19.5% in the second half of 2010, the firm RealtyTrac reported foreclosure data. At the national level, the deposits falls 25.5% since the end of 2010 and 29.3% of the first part of the year.
One in each 98 homes in the Seattle-Tacoma region received a deposit in the first half of the year, compared with one in every 111 home at the national level. Seattle went to the highest 97th among all metropolitan areas 211 with more than 200 000 people a year to have as the 57th most speed now - the biggest jump among the 20 largest areas.
The Seattle area has been more later to begin its slowdown than the rest of the country, meaning that its recovery drags sometimes as well.
"Seattle could be one of these areas is almost catch up in a sense with seizures,", said the Director of Marketing RealtyTrac Daren Blomquist. "It has not been affected from the outset with the activity of the foreclosure."
That said, he added: "there still below some of these other major metropolitan areas such as Miami, Los Angeles, Detroit, even if those all reducing seizures."
Even numbers at the national level does necessarily mean that fewer owners are distressed, RealtyTrac, Director General James Saccacio said in the report. "These dramatic declines indicate continuous foreclosure pipeline to be blocked in many markets across the country, sometimes by a glut of already foreclosed properties that are not sell quickly, sometimes by a mountain of improperly filed seized that block the influx of new deposits of foreclosure - and sometimes both by."
The company noted the 20 areas with the largest falls were all in the States with the processes of judicial foreclosure, who received obstructed by problems with illegitimate deposits.
Cities in California, Nevada and Arizona were all 10 domains with the highest foreclosure rates and 15 of the top 20. Las Vegas continues to have the highest rate, with one in every 19 home get a deposit.
RealtyTrac tracks documents at several stages of the foreclosure process, meaning not that each House with a deposit went to Foreclosure auction. It focuses on houses with multiple deposits just once per period.
Read more real estate news. Visit the seattlepi.com homepage to follow News in Seattle.
No comments:
Post a Comment