Defaults Soar 33%, Biggest Monthly Gain in 4 Years

Real Estate News

A new wave of foreclosures hit in August, as banks picked up the pace in taking action against home owners who have fallen behind on their mortgage payments, RealtyTrac Inc. reported Thursday.

The number of U.S. homes that receiving an initial default notice rose 33 percent in August from July. That increase represents the biggest monthly gain in four years, according to RealtyTrac. 

"This is really the first time we've seen a significant increase in the number of new foreclosure actions," says Rick Sharga, a senior vice president at RealtyTrac. "It's still possible this is a blip, but I think it's much more likely we're seeing the beginning of a trend here."

The…

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Underwater Borrowers Hold Back Sales

Short Sale Information

Declines in home values have pushed a high number of home owners to be “underwater,” in which borrowers owe more on their properties than they are current worth, and it’s hampering home sales, according to new data by CoreLogic. 

About 10.9 million, or 22.5 percent, of all residential properties with a mortgage were in negative equity at the end of the second quarter, down slightly from 22.7 percent in the first quarter, CoreLogic reports. What’s more, about 2.4 million borrowers had less than 5 percent equity, which CoreLogic refers to as “near-negative equity,” in the second quarter. 

Since the peak in home sales in 2005, nondistressed sales in ZIP codes with…

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Stunning DR Horton Home @ The Issaquah Highlands

Property Website

Priced at $550,000

Bedrooms:  4 Bathrooms:  2.5
Home Size:  2,365 sq.ft. Garage:  2
Lot Size:  4,734 sq.ft. Community:  Issaquah Highlands
County:  King Property Type:  Single Family Detached
Year Built:  2009

Property Description

Stunning D.R. Horton in Vista Park with unobstructed views of Seattle and mountains. Main floor has Brazilian hardwoods, wrought iron staircase and open living space. Chefs kitchen has GE stainless steel appliances, granite counters and gourmet center island. 2nd floor offers huge master with views, elegant master bath and 3 bedrooms plus large bonus and convenient laundry room Extras include surround sound, large patio, AC, 3 stage furnace, tankless water heater and unfinished basement. 1 block from…

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Welcome "Back!" to The Cascade Team- Molli Ashbridge!

Molli's Profile

We are very happy to welcome Molli Ashbridge “Back” to The Cascade Team. Molli has had her real estate license for 10+ years and has worked for John L Scott and Windermere as well as The Cascade Team in the past. After a little over a year away at Keller Williams, Molli has decided to return.

Molli is a great addition to our Team and a wonderful Broker. Even though she was “away” for a while, we always still considered her part of The Cascade Team “Family”, so it we were very happy to welcome her back “Home”!

Molli’s contact information is:

 molli@thecascadeteam.com

425-830-4628

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Puyallup Sunrise Village 5 BR Home for Sale

Property Website

Priced at $329,950

Bedrooms:  5 Bathrooms:  3
Home Size:  3,081 sq.ft. Garage:  3
Lot Size:  9,773 sq.ft. Community:  Premier Communities
County:  Pierce Property Type:  Single Family Detached
Year Built:  2005 MLS Number:  273763

Property Description

This is easily one of Puyallups most desirable locations at the Sunrise Village. Quality of construction and pride of ownership is clearly evident in this conveniently located neighborhood. This home has it all! Corner lot, a very well kept yard, high ceilings, a walk-in closet in the master bedroom, a walk-in pantry, a middle island in the kitchen, 4-beds w/ a bonus room downstairs, an upstairs loft overlooking downstairs, a beautiful patio with a breathless view of Mnt. Rainier!

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Like New Maple Valley Home for Sale!

Property Website

Priced at $239,900

Bedrooms:  4 Bathrooms:  2.5
Home Size:  1,610 sq.ft. Garage:  2
Lot Size:  4,002 sq.ft. Community:  Woodridge
County:  King Property Type:  Single Family Detached
Year Built:  2010 MLS Number:  273112

Property Description

Beautiful 2 story 4 bed 2.5 bath "like new" DR Horton home in Woodridge.This Sherwood Plan is sited perfectly on the lot for maximum enjoyment of the big backyard.Welcoming street presence. Fully fenced and landscaped.Gracious entry.Open great room concept with vaulted ceilings.Fully equipped kitchen with large island,breakfast bar,pantry,and dining area.Spacious master suite,upper laundry.Custom blinds.All appliances included.Ready for move in.Bus stop,shops,services, and highway access close by.

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Seattle Escala Condo with Views of Puget Sound

Property Website

 Priced at $849,000

Bedrooms:  2 Bathrooms:  2
Home Size:  1,607 sq.ft. County:  King
Property Type:  Condo or Townhouse Year Built:  2009
MLS Number:  273205

Property Description

Extensively upgraded NW corner unit at Escala Condominium. Enjoy majestic views of Puget Sound, Olympic Mountains city lights from every window of this spacious 1600+sqft home. New designer paint, custom mirrors, new window coverings, custom lighting & california closets make this a "stand out" condo! Timeless slab granite, all Bosch appliances and imported Italian cabinetry by Pedini with soft close technology. The master bathroom features a 5 piece bath with slab granite counters, dual sinks and porcelain tile.

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Fantastic Woodinville 2-Story Home For Sale

Property Website

Priced at $429,995

Bedrooms:  3 Bathrooms:  2.5
Home Size:  2,780 sq.ft. Garage:  2
Lot Size:  16,920 sq.ft. County:  King
Property Type:  Single Family Detached Year Built:  1986
MLS Number:  273470

Property Description

Fantastic Close-In Woodinville Location for this 2-Story Entertainers Delight! Open Light main floor living, dining & family rooms, updated powder room & SUPER extra room that can be a bonus or office! Kitchen with tons of space, walk in pantry & skylight looks out to deck, patio, lawn, firepit & garden area. Upstairs hosts 3 HUGE bedrooms, including Master, & laundry+craftroom Stunning, updated Master Bath, with vanity-sitting area. Great schools, privacy, dog run, tons of storage inside & out, landscape lighting,…

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View home on 1.3 Acres in Snoqualmie

Property Website

Priced at $500,000

Bedrooms:  5 Bathrooms:  2.75
Home Size:  2,985 sq.ft. Garage:  2
Lot Size:  53,578 sq.ft. Community:  Snoqualmie
County:  King Property Type:  Single Family Detached
Year Built:  1987 MLS Number:  272559

Property Description

Gorgeous 5 bedroom home in breathtaking, park-like setting. This stunning remodeled home is 2985sf and situated on 1.3 level acres in a peaceful, secluded setting. Main floor master suite features his hers custom walk in closet and full bath with jetted soaking tub and dressing table. Chef's kitchen with new stainless appliances and tile counters. Welcoming entry, open floor plan, dining room, family room with wood burning stove, laundry/mud room, office/den, living room with surround sound…

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Rose Hill Condo for Sale, Kirkland

Property Website

Priced at $299,950

Bedrooms:  3 Bathrooms:  2.5
Home Size:  1,395 sq.ft. Garage:  1
Community:  Aspen Lane Condo County:  King
Property Type:  Condo or Townhouse Year Built:  1997
MLS Number:  271771

Property Description

Rose Hill Short Sale! Just off 405, this is a town home you don't want to miss! Two bedrooms with an office, 2.5 bathrooms and upstairs laundry. Spacious upstairs overlooks downstairs living area. Bright and light throughout, giant picture windows, attached garage, gas fireplace and a private patio that is home to blueberry bushes and rose bushes. Use Shannon Escrow to receive free 1 year Fidelity Home Warranty. Come on in and come on home!

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