http://www.columbian.com/news/2012/aug/14/clark-county-foreclosure-rate-down-fifth-straight-/?fb_comment_id=fbc_10150972186166114_23317533_10150973686611114
“Not sure how accurate the numbers are lately from Realty Trac- I am a Distressed Market Professional and follow a different set of numbers that comes from a local title company here in Clark County that I find much more accurate-
Here is what I have:
Notice of Trustee (NOT) Sale- 135 (June- 134 and Jan/2012 had 91. This means an auction is set 90 days from time of NOT.
REO- July- 62 June- 44 and Jan/2012 had 56. These are homes that failed to sell at auction and returned to bank to either re-list or turn into the dreaded shadow inventory. With an increase like this I do not understand how we made an improvement?
Auction Purchases- 21 this has stayed about the same the last 6 months. These are purchased at court house steps and pretty ironic that typically about 40% of these are bought from same group each month.
SFR- July- 299 These are the non-distressed properties. Down from 314 last month and up from January- 140. NOTE- these are the homes that are getting multiple offers as some have gave up on the distressed market. These homes will continue to improve values for us.
Short Sales- July 88 down from a peak of 113 in June and up from 6 months ago in January which was only 66 homes. The key to a successful short sale is working with agents that are knowledgeable of the moving parts of a short sale- both seller and buyer need the education.
REO Sales- July- 66 up from 64 in June and DOWN from 90 in January. Less homes will be going back to banks as we continue to improve process and procedures with short sale transactions. Again- an educated listing agent, buyers agent, seller and buyer can make or break a short sale.
I have no problem putting my name to this either- I am Bill Black, a local Mortgage Banker with Directors Mortgage- Bill Black CDPE CMP http://www.billcblack.com focused on assisting the financing as well as offer seminars to distressed homeowners and buyers as well as Washington State clock Hours to Real Estate Agents on the distressed property market.”
Washington State Short Sales 