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Nationwide Agent Network
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Phil Sharp“I am available locally to assist you in purchasing a
foreclosure property or another property best suited to your
needs. Buying or selling, I am here to act as your local real estate specialist.” |
Phone: 360-970-9977
Email: phil@philsharphomes.com |
| June 2009 Vol 3 Issue 14
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Washington Foreclosure Activity Trends
Upward in May
Washington foreclosure activity rose in May to 3,833 properties with foreclosure filings, a 14 percent increase from the previous month, and 48 percent above the level reported for May 2008, according to RealtyTrac’s latest U.S. Foreclosure Market Report. “Washington foreclosures are up both in May and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Although the state’s unemployment rate is just slightly above the national average, it had one of the highest jumps during the past year of more than 4 percent. This is likely a major factor in the overall foreclosure rise.” Complete Story |
Bargain Hunters See Bottom in Some Markets
By Octavio Nuiry
Ask a group of real estate millionaires how they made their money and most will recite some version of this axiom: “When everyone zigs, you zag.” That’s exactly what Tommy Barone and his clients are doing in the South Florida condominium market, and heightened interest in bulk foreclosure purchases is coming from “vulture funds” with millions of dollars to spend on distressed sales, according to Christopher Thornberg, a principal at Beacon Economics in Los Angeles. Thornberg said Wall Street vulture funds are amassing war chests in preparation for a new cycle of opportunities in loans or bonds of struggling financial companies or homebuilders. Complete Story |
Here are some of the most recent Investment opportunities in the area.
| Property Type |
Address |
Market Value |
Default |
Sq. Ft. |
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 AuctionAuction Date: 9/18/09 |
Pine Creek Ln SE,
Lacey, WA 98503 |
N/A |
N/A |
1,278 |
GET DETAILS |
View more properties in Thurston County |
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Housing Predictor: 10 Million Foreclosures Through 2012
Complete Story |
Foreclosure Trends : April, 2009
| National |
Washington |
Thurston CTY |
| NODs |
113,856 |
0 |
0 |
| NTSs |
180,750 |
4,077 |
148 |
| NFSs |
61,056 |
0 |
0 |
| LISs |
138,447 |
0 |
0 |
| REOs |
113,254 |
1,775 |
58 |
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 Notice of Default (NOD)A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD |
| Lis Penden (LIS)Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS |
| Auction / Notice of Trustee’s Sale (NTS)A filing by notice announcing a public auction. More about NTS |
| Notice (Judgment) of Foreclosure Sale (NFS)An order signed by a judge directing to sell the property at public auction. More about NFS |
| Real Estate Owned (REO)The final step in foreclosure process in which property ownership returns to lender. More about REOs |
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