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Really? Foreclosure flood hits Northwest
November 6th, 2009, 6:00 pm · 10 Comments · posted by Jon Lansner
Real estate news and views from around the globe that make you go, “Really?”
- DREARY: Foreclosure rate in Seattle-Tacoma-Bellevue area up 37% from year ago. (Seattle PI) MORE HERE!
- MESSY: Seattle neighbors left with dirty work from foreclosed homes (King5.com) MORE HERE!
- BUSTED: Foreclosure bus maps Seattle real estate bust (Seattle Times) MORE HERE!
- GLOOMY: Foreclosure rate for Portland climbed 78% from a year ago. (Portland Biz Journal) MORE HERE!
- PEAKED: Foreclosure Hot Spots Spread to Idaho and Utah (UPI.com) MORE HERE!
Check HERE for our coverage of real estate troubles of ‘Real Housewives of Orange County’
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Because the Banks, B of A, Etc have not helped people with modifications 4%, and not reduced principal they will choke the system.
O man let these banks get away with murder, 55 billion with no rules for B of A.
The banks and system are greedy, and we all will suffer for this.
Joe - I completely disagree. Everyone suffers from high home prices - they spend too much on mortgage payments on rent, and not enough on life’s necessities and saving for a rainy day.
Once the government gets out of the way, the market will adjust, and that adjustment will mean lower prices. Those that cannot afford their current home, will find a less expensive place to buy or rent.
I thought it was previously established that the blog collectively doesn’t care about anywhere but OC . . . because RE is ‘local’.
Also . . . Didn’t I read (on a different blog) that Seattle was immune from the bubble?
No, no….you are soooooo confused. The rule was that California real estate NEVER goes down.
Geeeezzz, we all know that. The recovery is here now, too. Prices are up and all is well.
Don’t you ever listen to shockg, Tracker, Mulli, or whatever name she’s using now? Buy…..or maybe it’s too late for all those fool renters. January last, that was when you missed out. Fool.
Maybe if you really huury and make an offer and are able to beat out all the others offering, you might be lucky and get a little tax credit. No one else is interested, so the goverment will entice you to jump and gobble up something while you have a chance.
The new NAR hype of the month:
…… “Overpay, but that’s OK. The big 8K is on the way.”
PDU you are a blowhard with very tired comments. It’s time for new material. Guess what, 2010 is almost here yet you are still using 2005 comments. What a blue hair.
shockg says: November 7, 2009 at 7 am.. I’m a tool
Lol
Old material, you “RE Professional could use some geritol for your iron poor blood.
Jon: Foreclosures and the turmoil in the real estate industry seem to be sticking with us, we certainly still have out share in Atlanta from new homes that have never even been lived in to homes that homeowners are struggling to keep due to job loss. It is great that you are covering Foreclosures and directing homeowners to resources. We just added an entire section to our blog to address foreclosure help - http://www.atlantarealestateforum.com/category/atlanta/foreclosures-atlanta/
that’s something really natural if we see the fact that foreclosure crisis are hitting everywhere