Facts about Seattle Foreclosure Listings

By: Joseph Smith

While some locations have been suffering greatly due to an increase in home defaults, not all locations have been so unlucky. For example, Seattle foreclosure listings have been less full than elsewhere in the state.

Throughout the summer of 2008, Seattle foreclosure listings actually rose more than forty percent. Despite that increase, the city has actually been fairly low in the rankings. While the national average for foreclosures has been around one in every 452 homes, the average in the city is one in every 1,043.

While the Seattle foreclosure listings look fairly good for the city, the state’s ranking is not quite as good, although much better than their southern neighbors, such as California. One in every 977 homes in Washington has received a foreclosure notice. That means the state is ranked 26th out of all fifty states in terms of the number of foreclosures.

Seattle foreclosure listings are also quite desirable because the area is so popular. Not only it is the center of many of the largest businesses in the countries, such as Starbucks, but the city is also one of the most eco-friendly in the country. Higher prices had kept some people from the area but the reduced costs associated with buying one of these repossessed properties has provided opportunities for movers and for investors.

Despite its reputation for lots of rain, Seattle foreclosure listings don’t last very long so if you’re interested in snatching them up act fast. In fact, there are so many great things about the city, don’t be surprised if you have a hard time finding available properties.

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Joseph Smith has been educating buyers on the finer points of Seattle Foreclosure Listings purchase at TopForeclosureListings.com for over nine years. Click here to visit and read more advice on finding foreclosure listings.

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