Close

Remove Filters

Matching...

  • 22,700 W. Washington Listings
  • 2,605 Open Houses
  • 1,017 Reduced Listings
  • 2,009 New Listings
Refine your search to less than 500 properties to save.
Delete This Search

Foreclosure Sales Slow

foreclosure-300x300_300

Search Seattle Foreclosures

Daily Real Estate News | Monday, September 19, 2011

While lenders have resumed foreclosures after putting them on hold as a result of an investigation into "robo-signing" a year ago, snags remain in the process.

1010data Inc. and CoreLogic Inc. report a drop in the number of foreclosed homes liquidated to 3.6 percent in June from 5.7 percent in August 2010. The number of homes entering the foreclosure pipeline tops the number being sold by banks.

The delays help home owners hang onto their properties longer and aid the economy in the short term, but make it difficult for new buyers to close on foreclosed properties.

Source: “Effort on Home Loans Stalls," The Wall Street Journal (Sept. 19, 2011)

The Cascade Team Real Estate

Full Service Real Estate with 1% Listing Fees!!

Leave a Comment