foreclosures http://kplu.org en Seattle Mulls Controversial Foreclosure Fix http://kplu.org/post/seattle-mulls-controversial-foreclosure-fix <p></p><p><span style="line-height: 1.5;">The Seattle City Council could move one step closer to using its power of eminent domain as a way to curb foreclosures.&nbsp;</span></p> Mon, 16 Dec 2013 13:00:00 +0000 Florangela Davila 11706 at http://kplu.org Seattle Mulls Controversial Foreclosure Fix Counter to national trend, foreclosures in Washington climb http://kplu.org/post/counter-national-trend-foreclosures-washington-climb <p><span style="line-height: 1.5;">The number of foreclosures in Washington state has jumped so far this year compared with last year, counter to the national trend.&nbsp;</span></p><p>Bank repossessions climbed 78 percent in the first half of this year, according to the <a href="http://www.realtytrac.com/content/foreclosure-market-report/midyear-2013-us-foreclosure-market-report-7794" target="_blank">foreclosure-data firm RealtyTrac</a>. New foreclosure filings have risen as well even though, nationally, they’re dropping.</p><p> Thu, 11 Jul 2013 15:03:52 +0000 Ashley Gross 9307 at http://kplu.org Counter to national trend, foreclosures in Washington climb Foreclosures surge in the Seattle area and Washington state http://kplu.org/post/foreclosures-surge-seattle-area-and-washington-state <p>Even as home prices have been rising in the Seattle metro area, more people are losing their homes to foreclosure.</p><p>The number of people in the Seattle-Tacoma-Bellevue metro area who lost their homes to foreclosure in March jumped 67 percent from a year ago. Statewide, the number was even higher – 88 percent. That's according to <a href="http://www.realtytrac.com/Content/foreclosure-market-report/march-and-first-quarter-2013-foreclosure-market-report-7683">new numbers from RealtyTrac</a>, the foreclosure-data company.</p><p> Thu, 11 Apr 2013 23:51:06 +0000 Ashley Gross 8389 at http://kplu.org Foreclosures surge in the Seattle area and Washington state Auburn mayor photographs abandoned foreclosed homes for 'Wall of Shame' http://kplu.org/post/auburn-mayor-photographs-abandoned-foreclosed-homes-wall-shame <p>Are abandoned, dilapidated houses a problem in your neighborhood? They are in Auburn, and that city’s mayor isn’t putting up with it.</p><p>Mayor Pete Lewis has been taking photos of abandoned houses owned by far-flung banks and publishing them with the bank’s information on a “<a href="http://www.auburnwa.gov/asp/abandons/">Wall of Shame</a>” website. And that's only the tip of the iceberg when it comes to the city's efforts.</p><p> Fri, 14 Sep 2012 17:31:32 +0000 Jake Ellison 6338 at http://kplu.org Auburn mayor photographs abandoned foreclosed homes for 'Wall of Shame' New program turns foreclosed homes into affordable housing http://kplu.org/post/new-program-turns-foreclosed-homes-affordable-housing <p>Home prices have dropped almost 30 percent from their peak in Seattle, but there are still a lot of people who can&rsquo;t afford to buy a home in the city. Now, a new program is tackling that problem by converting foreclosed homes into affordable housing.</p><p>Under the program, you could buy a house for $85,000 less than what it&rsquo;s worth - if you make below a certain income threshold.</p> Tue, 17 Jul 2012 23:47:58 +0000 Ashley Gross 5619 at http://kplu.org New program turns foreclosed homes into affordable housing Report: Some Americans Have Lost Homes Over As Little As $400 http://kplu.org/post/report-some-americans-have-lost-homes-over-little-400 <a href="http://www.nclc.org/images/pdf/foreclosure_mortgage/tax_issues/tax-lien-sales-report.pdf">A report</a> from a consumer group released today says that vulnerable owners are losing their homes for owing as little as $400 in back taxes.<p>The AP reports:<p><blockquote><p>"Outdated state laws allow big banks and other investors to reap windfall profits by buying the houses for a pittance and reselling them, the National Consumer Law Center said in a report being released Tuesday.<p>"Local governments can seize and sell a home if the owner falls behind on property taxes and fees. Wed, 11 Jul 2012 05:37:11 +0000 5567 at http://kplu.org Report: Some Americans Have Lost Homes Over As Little As $400 Buying homes from the bank saves money, but not time http://kplu.org/post/buying-homes-bank-saves-money-not-time <p>It&#39;s a drawn out, frustrating process, but if you&#39;re willing to put in the time,&nbsp; buying a home from a bank can save you a lot of money. Seattle-area real estate appraiser Richard Hagar tells KPLU&#39;s John Maynard that while it is mostly investors who seek out these properties, average home buyers can score great deals, too</p><p> Tue, 04 Oct 2011 11:30:00 +0000 John Maynard & Richard Hagar 2792 at http://kplu.org Buying homes from the bank saves money, but not time State homeowners gain new rights when facing foreclosure http://kplu.org/post/state-homeowners-gain-new-rights-when-facing-foreclosure <p>Starting tomorrow, struggling homeowners in Washington have new rights.&nbsp;</p><p>The <a href="http://apps.leg.wa.gov/billinfo/summary.aspx?bill=1362&amp;year=2011">Foreclosure Fairness Act</a> signed into law in April is designed to prevent unnecessary foreclosures primarily by requiring banks to take part in mediation if borrowers ask for it and doubling the number of housing counselors.</p><p> Thu, 21 Jul 2011 13:00:00 +0000 Bellamy Pailthorp 2128 at http://kplu.org State homeowners gain new rights when facing foreclosure Appraisers upset as big banks drag feet on new regulations http://kplu.org/post/appraisers-upset-big-banks-drag-feet-new-regulations <p>http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-963751.mp3</p><p>Despite the massive fraud that has emerged as the U.S. tries to dig itself out of the foreclosure mess at the heart of the great recession, there are still huge numbers of honest folks working in the real estate business.&nbsp;</p><p>That&#39;s according to professional appraisers in Washington state, dozens of whom have signed <a href="http://www.petitiononline.com/CnR2011/petition.html">an on-line petition.&nbsp;</a></p> Mon, 18 Apr 2011 14:05:30 +0000 Bellamy Pailthorp 1221 at http://kplu.org Appraisers upset as big banks drag feet on new regulations Relief for strapped borrowers: "Foreclosure Fairness" is now law http://kplu.org/post/relief-strapped-borrowers-foreclosure-fairness-now-law <p>Emergency measures in a new law go into effect immediately, creating the infrastructure needed to get more housing counselors working with banks and preventing people from losing their homes.</p> Fri, 15 Apr 2011 16:35:33 +0000 Bellamy Pailthorp 1216 at http://kplu.org Relief for strapped borrowers: "Foreclosure Fairness" is now law Seattle area foreclosures surpass national average http://kplu.org/post/seattle-area-foreclosures-surpass-national-average <p>In the past month, the Seattle area&#39;s foreclosure rate has soared to new heights - it&#39;s now higher than the national average. One out of every 476 homes has a foreclosure filing, compared with one in every 497 nationally, according to a new report by RealtyTrac, a foreclosure information firm.</p> Thu, 10 Feb 2011 16:52:53 +0000 KPLU News Staff 764 at http://kplu.org Seattle area foreclosures surpass national average One-third of homes 'underwater' in Puget Sound region http://kplu.org/post/one-third-homes-underwater-puget-sound-region <p><em>Update Feb. 10, 2011 - The correct percentage of area mortgage holders &quot;underwater&quot; - as reported by Zillow.com - is 34.3%, not of all homeowners. This post has been updated to clarify that point.</em></p><p>Do you owe more on your mortgage than your house is worth? You&rsquo;re not alone. One-third of homeowners in King, Pierce and Snohomish counties are &ldquo;underwater&rdquo; on their homes. &quot;Negative equity&quot; rose faster in this region than anywhere else in the country.</p><p> Wed, 09 Feb 2011 16:14:40 +0000 Paula Wissel 751 at http://kplu.org One-third of homes 'underwater' in Puget Sound region Homeowners resurrect ski season at Northwest resort http://kplu.org/post/homeowners-resurrect-ski-season-northwest-resort <p>Idaho’s Tamarack Resort is once again alive with skiers and snowboarders. But the happy scene didn’t come easy.</p><p>Tamarack is one of the most glaring casualties in the region from the bursting of the real estate bubble. Homeowners at the bankrupt resort are bootstrapping the once heralded ski area back into business.</p><p> Wed, 22 Dec 2010 15:42:55 +0000 Tom Banse 418 at http://kplu.org Homeowners resurrect ski season at Northwest resort Murray-Rossi race could be cliffhanger, local foreclosures surge: bring on the blues http://kplu.org/post/murray-rossi-race-could-be-cliffhanger-local-foreclosures-surge-bring-blues <p>There&#39;ll be a lot of buzz today <a href="http://www.publicbroadcasting.net/kplu/news.newsmain/article/0/13/1718717/Top.Stories/Washington.Poll.Murray-Rossi.Race.Tightens">about the latest poll</a> on the Senate race between Dino Rossi and incumbent Patty Murray. &nbsp;<strong>The KCTS 9 - KPLU - Washington Poll</strong> shows a narrowing lead for Murray, from 8% two weeks ago to 4.3% this week. Still, among likely voters, Murray is up 6%. It all points to a race that might not be decided election night, and perhaps for weeks to come. Fri, 29 Oct 2010 15:14:14 +0000 Gary Davis 86 at http://kplu.org Murray-Rossi race could be cliffhanger, local foreclosures surge: bring on the blues