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.
It's that time of year again when KPLU's John Maynard and real estate appraiser Richard Hagar look at the least expensive and the most expensive homes on the market. This time around, they're zeroing in on King County.
It's happening all over the country, including in the Pacific Northwest. People are walking away from their mortgages. In most cases, the homes that are being abandoned are valued for less than their mortgage.
In the past month, the Seattle area's foreclosure rate has soared to new heights - it'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.
Is it possible for proud home owners who pay their mortgages on time to have their houses foreclosed on? KPLU’s John Maynard talks with real estate appraiser Richard Hagar who says this sort of thing happens all the time, thanks to sloppy bank practices.
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