Posts Tagged ‘3rd Party Sales’

What Sold at the Foreclosure Auction on October 1st 2010

Last Friday’s foreclosure auctions for King, Pierce and Snohomish Counties saw one of the lighter weeks we have witnessed at the auction in quite some time.  All told, there were only twenty properties that were sold to third party buyers for all three counties combined.  That is about 20-40% lower weekly sales volume than in recent weeks.  The recent announcement by several of the nations largest banks that they were temporarily suspending foreclosures in 23 states is likely to keep the weekly totals toward the lower end of the spectrum until the new year.

To view a .pdf file with details for all the properties that were purchased at last weeks foreclosure auction please select the following link.

Foreclosure Sales Results for October 1st 2010

REIF Clients Buy 5 Properties at King County Foreclosure Auction

The Factoria foreclosure auction was the place to be on Friday (August 20th 2010) where Real Estate Investment Firm clients purchased 5 properties that were sold via auction at the trustees sale (foreclosure).  Of the five properties, two were in Seattle, two in Renton and one was in Bothell.  Pictures of the five properties are below:

The average price/value on these foreclosure auction purchases was 74 cents on the dollar!  Imagine purchasing your next home or investment property at a discount of 25% or more!

Foreclosure Auction Sales Results for April 23rd 2010

Last Friday’s foreclosure auctions had a total of 31 third party sales between the King, Pierce and Snohomish County Auctions.  The breakdown by county was the following:

King County = 14 third party sales

Snohomish County = 7 third party sales

Pierce County = 10 third party sales

Total = 31 third party sales

If you would like to take a look at the properties that sold last Friday and the amounts they sold for then visit the following link: Foreclosure Auction Sales Results

While these numbers are about twice what historical averages have been in a month, it is likely to jump higher still when the summer months arrive. The number of properties on the calendar beginning in June 2010 nearly doubles current numbers so expect a marked increase in total properties going to auction and an increase in the number of reverted to beneficiary and sold to third party properties.