with the possibility of foreclosure.
Bellevue, Wa – 12-23-2010 – Local real estate broker and community advocate, Wes Jones of NWTradition.com, today announced the creation of a new information Web site for Seattle area homeowners in distress. http://www.WesternWashingtonShortSales.com contains vital facts about the options available to these homeowners, to help them make the educated decisions about their future.
“I developed this site with my community in mind,” Jones said. “When faced with the possibility of foreclosure, I’ve seen too many homeowners make poor choices, even walking away from their homes without calling their lender or a real estate agent. Up to 60% of all homeowners in foreclosure do not reach out to anyone for help! These people didn’t know the options available, or even how to find any information on their situation.
“I want more for the people of Seattle, and more comes with making informed decisions.”
http://www.WesternWashingtonShortSales.com acts as a hub for information on the facts and issues for struggling homeowners, putting all the necessary information in one, easy-to-use location. The information and materials located on the site are regularly updated to reflect market changes, trends, new lender requirements, and industry updates.
Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that more than seven out of 10 homeowners in foreclosure proceed without any visible assistance.
“Agents with the Certified Distressed Property Expert® designation are helping distressed homeowners understand that there may be options available to them,” Charfen said. “Wes Jones has been trained to help homeowners avoid foreclosure, and this Web site resource to educate the community is a commendable public service.”
Up to date foreclosure statistics like the following information are available on the website.
Foreclosure activity was up Statewide the month of October with 6,346 foreclosure activities in Washington State. King County led all counties with 1,899 foreclosure filings. Snohomish was 2nd with 1,094, and Pierce County was third with 1,067.
The City of Seattle was hardest hit hardest with 629 foreclosure activities. Tacoma followed with 428, with Everett behind them at 247. Once thought to be “Bubble Proof”, the eastside has seen its fair share of foreclosure activity as well. What would have been unheard of 3 years ago, Bellevue and Kirkland had foreclosure filings of 119, and 120 respectively.
November foreclosure rates are lower than October numbers. We do not anticipate this to be a trend moving forward but only be a short term reprieve. The decrease in foreclosure filings from October to November is due to a short moratoriums that many local and national banks put in place over the holiday season. The moratorium is only temporary and we will see an increase in foreclosure filings come again in January 2011.
The CDPE designation provides real estate professionals with specific understanding of the complex issues confronting the real estate industry. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market.
For more information about CDPE Designation, visit http://www.cdpe.com.
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NWTradition is a property management company & real estate brokerage since 1975. NWTradition brings professional real estate services through specialized rental management, sales, short sales and home leasing.