Foreclosures up but still less than average


	Foreclosures up but still less than average

Spokane_Realtor

7-8-2009 10:52 PM

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tags:

foreclosures, spokane real estate, spokane homes

Spokane_Realtor says:

Spokane is well known for its steady real estate market, that it's foreclosure numbers show less of a swing than other areas is typical of the market in Spokane.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/90c209ba-1505-4cc5-ae08-7b891fa42da0/F1DE4B47-975B-45F7-80EF-CF4134DA10BB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.spokesman.com/stories/2009/jul/08/spokanes-foreclosure-rate-has-doubled-company-says/" href="http://www.spokesman.com/stories/2009/jul/08/spokanes-foreclosure-rate-has-doubled-company-says/" style="font-size: 11px;">www.spokesman.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/spokanes-foreclosure-rate-has-doubled-company-says/"><H2>Spokane’s foreclosure rate has doubled, company says</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/spokanes-foreclosure-rate-has-doubled-company-says/"><P>A service that tracks mortgage activity says Spokane homes are being foreclosed at twice the rate they were one year earlier.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/spokanes-foreclosure-rate-has-doubled-company-says/"><P>According to May 2009 data from First American CoreLogic, 3 percent of mortgage loans were 90 days or more delinquent, compared with a 1.5 percent rate for May 2008.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/spokanes-foreclosure-rate-has-doubled-company-says/"><P>The company also noted that in the 12-month period from June 2008 to May, Spokane saw 3,592 foreclosure filings, or 9.8 a day.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/spokanes-foreclosure-rate-has-doubled-company-says/"><P> That compares to the previous 12 months from  June 2007 to May 2008, when there were 1,992 foreclosure filings, or 5.5  a day.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/spokanes-foreclosure-rate-has-doubled-company-says/"><P>The company also noted that Washington’s delinquency rate for May was 3.8 percent. The national rate for the month was 6.5 percent, according to a release from First American CoreLogic.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/spokanes-foreclosure-rate-has-doubled-company-says/"><P>The company’s foreclosure rates are adjusted to take out all nonactive or paid-in-full mortgages. It claims that system produces a more accurate rate when looking only at active home loans.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F1DE4B47-975B-45F7-80EF-CF4134DA10BB/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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