“King, Pierce and Thurston counties all saw an increase in foreclosure activity in August as compared with the same time last year, new data show.”
“…Thurston’s increase was 34 percent, and Pierce’s just 10 percent.”
“Drilling into the specific stages of foreclosure, King, Pierce and Thurston all had no new notices of defaults in August, but all saw a year-over-year increase in the number of notices of trustee sales and in final bank repossessions. That trend is reflected in the state data, too; Washington saw a 1 percent dip in the number of foreclosure starts, but a 137 percent increase in the number of final repossessions.”
“Nationwide, bank repossessions also were up 40 percent in August compared with the same time a year ago.
That ‘indicates more batches of bank-owned homes will be rippling through the housing market over the next three to 12 months as lenders list these properties for sale,’ said RealtyTrac vice president Daren Blomquist,” by Kathleen Cooper, the Tacoma News Tribune.