Seattle-area foreclosure activity in October bucks national trend
Foreclosure activity may be picking up around the country, but there’s no sign of it in public records in the greater Seattle area.
The number of homes in King, Snohomish and Pierce counties that received a “notice of trustee sale” — a foreclosure notice — in October was down 31 percent from September and 77 percent from October 2010, according to statistics released by foreclosure listing firm RealtyTrac.
Repossessions also were down, although not as dramatically.
Nationally, however, both measures of foreclosure activity were up slightly. And 10 percent more U.S. homes entered the foreclosure process in October than in the previous month.
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