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Northwest largely Bucks National Foreclosure Trend.
As the national market sees a year-over-year upswing in foreclosures, the Northwest remains relatively low next to the rest of the country, even with pockets of increasing inventory.
In the Northwest, Wyoming reported the lowest amount of foreclosures with 136 foreclosed properties in the fourth quarter of 2006, up 8% from 126 in the third quarter of 2006 and up 189% from 47 foreclosures for the fourth quarter of 2005, according to RealtyTrac.
Montana reported 322 foreclosed properties for the fourth quarter of 2006, up 41% from 229 for the third quarter of 2006 and up 13% from 285 for the third quarter of 2005. Idaho reported 545 foreclosures for the fourth quarter of 2006, down 19% from 675 for the third quarter of 2006 and down 2% from 556 for the fourth quarter of 2005.
Oregon reported 1,832 properties in foreclosure for the fourth quarter of 2006, up 4% from 1,764 for the third quarter of 2006 and 28% from 1,431 from the fourth quarter of 2005.
Washington claimed the most foreclosures in the region with 4,296 foreclosed properties for the fourth quarter of 2006, up 1% from 4,243 from the third quarter of 2006 and 44% from 2,989 for the fourth quarter of 2005.
Alaska listed 284 properties in foreclosure for the fourth quarter of 2006, down just 2% from 291 in the third quarter of 2005. That amount decreased 15% from 333 foreclosed properties in the fourth quarter of 2005.
In California, there was a whopping 47,969 foreclosed properties for the fourth quarter of 2006, up 29% from 37,317 for the third quarter of 2006 and 161% from 18,404 from the fourth quarter of 2005.
- Buyers Closing In on Foreclosed Properties; Although Bargains Aren't Plentiful,...
- Newspaper article from: The Washington Post Judith Evans April 6, 1996 700+ words
...a bargain among foreclosed properties isn't as easy...record number of foreclosed properties with lower-than...nationally in the fourth quarter of 1995 was 0...serviced during the fourth quarter of 1991, the peak...
- Nonprofit proposes 'land bank' to acquire foreclosed properties: local efforts...
- Magazine article from: San Diego Business Journal Randolph, Ned September 15, 2008 700+ words
...million to purchase foreclosed properties in the worst hit...portfolios of foreclosed properties from lenders...neighborhood. Foreclosed properties in deteriorating...end of the 2008 fourth quarter or beginning of...
- U.S. supply of foreclosed properties reaches highest level of 2004.(Business...
- Magazine article from: Mortgage Banking July 1, 2004 700+ words
...Florida, the U.S. supply of foreclosed properties reached its highest level of 2004...in May, and the total number of foreclosed properties available in the country was 82...institutions do not benefit from holding foreclosed properties on their books," said Greg Sullivan...
- Investors Finding Profit In Foreclosed Properties
- Newspaper article from: The Washington Post Sam Hankin December 12, 1987 700+ words
...full-time at buying and selling foreclosed properties. Every day, these investors...of local courthouses to bid on foreclosed properties, including some in even the region...days a week buying and selling foreclosed properties. A significant portion of the...
- U.S. Supply of Foreclosed Properties Reaches Its Highest Level of 2004,...
- Press release article from: PR Newswire June 7, 2004 700+ words
...Overall, the total number of foreclosed properties available in the U.S. for the...institutions do not benefit from holding foreclosed properties on their books," said Greg Sullivan...continue to show the largest number of foreclosed properties in the country. However, new...
- Foreclosed Properties Can Offer Homeownership and a Smart Investment.
- Press release article from: Business Wire October 6, 2009 700+ words
...property. The article, entitled "Foreclosed properties can offer homeownership and a smart...approved, the various types of foreclosed properties, and advice on closing a deal...the process. When it comes to foreclosed properties, it is vital that you do your...
- More foreclosed properties up for sale: Foreclosed properties make up 10%-15%...
- Newspaper article from: Baltimore Sun (Baltimore, MD) July 15, 2007 700+ words
...frenzied market. Though it's difficult to track how many foreclosed properties are listed for sale, agents who sell homes for lenders...there and get them sold." Banks are increasingly buying foreclosed properties back at auction as other bids fall short of the amount...
- Financing foreclosed properties.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)
- Newspaper article from: The Washington Times March 29, 2002 700+ words
...to be able to purchase bargain foreclosed properties as an investment when the right...expect a problem in this area. Foreclosed properties are typically in poor marketable...about it. Buying broken down, foreclosed properties can be a risky venture but potentially...
