Foreclosures weigh on home appraisals

LOS ANGELES — It wasn’t the first time that Katherine Scheri ruined a real-estate agent’s day with a low property appraisal.

Scheri, a real-estate appraiser, had sized up a three-bedroom, two-bath house in Santa Ana, Calif., for $30,000 less than what the buyers offered to pay. A typical deal-killer for a seller.

The agent […]

Record number of local home sales fell through in ’09

A buyer makes an offer on a house. The seller accepts it.

That means there’s a sale, right?

Not necessarily. Not anymore.

That’s what Jeremy Eide of Keller Williams Realty’s Renton office learned last year after he listed a four-bedroom house in Maple Valley for sale. It was a “short sale,” certain to fetch less […]

Banks take over where builders left off

At a time when dozens of Northwest banks are trying to dig themselves out of the mess left by the collapse of the housing bubble, City Bank of Lynnwood is attempting to build itself out. Literally.

AutumnWood at BrookTree in Tacoma, a gated development for “active adults age 55 or better,” had just seven or […]

2010 Foreclosures set to outpace 2009

Attorneys general, state bank regulators urge more help to prevent foreclosures

State Foreclosure Prevention Working Group report says the foreclosure crisis is worsening, despite efforts

OLYMPIA – A group of state attorneys general and banking regulators predict a devastating acceleration of foreclosures unless policy makers step up efforts to assist homeowners.

The State Foreclosure Prevention […]

Housing Market: Even More Pain in Store?

Like a carnival free-fall ride that stops suddenly, teasing riders into a false sense of safety before plummeting the rest of the way to the ground, some economists say the housing market could once again be headed for a plunge after slowly clawing back some of its 2008 losses.

A trio of gathering government storm […]

Foreclosure notices in U.S. rise 21% in 2009 to record

A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.

The number of households that received a foreclosure-related notice rose 21 percent from 2008, RealtyTrac reported today.

The increase in King County was […]