Sep 08 2014

Washington St foreclosure rate same as nation-wide figure

Foreclosures are down from a year ago–both state-wide and nationally. CoreLoic released figues recently with1.6% of the homes are in some state of foreclosure. That tracks closely with the national number of 1.7%.

Still the number of homes in the foreclosure process is four times as high as the early 2000's.

And nearly 35% of all homeowners are under–water on their mortgages–meaning they have less than 20% equity in their home or could not sell and have enough money for a down payment on another home.

Gig Harbor homes fared even better with foreclosures and short sales only 6.5% of sales for the month of July.


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