how to buy a foreclosure in king county

Please Note: Some of the properties may not be sold for various reasons, including but not limited to, judicial stays of the proceeding and forbearance agreements between the parties.
In a foreclosure action, the judgment of foreclosure directs that the mortgaged premises be sold at auction to pay the sum due to the foreclosing plaintiff.
Foreclosure auctions take place on Thursday afternoons at 2:30 p.m. in Room 224 at 360 Adams Street.
In this video we show you what it is like to attend a foreclosure auction in King county and provide some tips and insights on how the process works and how to be successful at purchasing these properties.
If you or anyone you know is thinking about buying properties at the foreclosure auction for pennies on the dollar, please contact us today at 425-413-6428 or info@HappyHomeTeam.com for more information.
Links to external sites do not constitute endorsements by King County.
you expressly agree to be bound by terms and conditions of the site.
Houses sold at auctions in King County (in downtown Seattle and at a site in Bellevue) have increased about 29 percent this year compared with 2006, (from 529 to 680), according to Dean Street & Associates, a real-estate firm in Bellevue specializing in foreclosures.
Similar figures were not available in Snohomish County, but the number of homes entering the foreclosure process rose 17 percent (from 1,316 to 1,534), according to Dean Street figures.
The 27-year-old Belltown resident was viewing King County’s weekly home auction for the first time in hopes of someday nabbing a good deal on a foreclosed home.
I’ve been in contract to purchase a short sale in Madison Valley and the negotiators are working with the bank to get final approval before the property goes to auction this Friday.
When valuing properties in Madison Valley, I looked at three groups of homes: homes sold within the last year with a heavier weight for homes within the last six; pendings sales with a heavier weight on non-short sale homes; and active comparable listings noting days on market.
Furthermore, in the bank’s approval process, they request Broker Price Opinions (BPOs known as bank valuations) which are frequently subject to flaws when neighborhoods are heterogeneous and not as easy to value.
The County may try to sell the Tax Title Properties at some future date after the foreclosure sale.
Most people bring a cashier’s check made payable to King County Treasury for the maximum amount they are willing to spend, whether they intend to buy just one parcel or bid on several.
However please note King County Treasury will not provide cash refunds to parties during or after the auction, to offset cashier check overages.
Normally, owners of improved properties subject to tax foreclosure will raise the money to redeem the property before the sale, often at the last minute.
Properties not sold to the public at the auction are sold to King County.
As taxes are in the first position, the tax foreclosure extinguishes all other encumbrances including but not limited to Deeds of Trust, mortgages, contracts, liens, judgments and any similar items.
In 2014 the properties subject to foreclosure are those on which the 2011 full year tax is delinquent.
No King County Employee or officer, or person who is an immediate family member of and residing with a King County employee, may bid at the sale, nor may such person bid as an agent or allow any agent to bid on their behalf.
The list mentioned in #2 shows parcels in numerical order by tax account number which, in turn, derives from the alphabetical order of the plat name or from the Section, Township and Range if the property is unplatted.
Parcels may be redeemed from foreclosure at any time up to the day before the auction, thus we do not know what will be in the sale until the morning of the auction.
The map does not show the topography such as ravines, hill, slopes, etc., nor does the map show what is on the property (dense growth, swamp, boulders, etc.). Some properties may be private roads covered by easements for ingress and egress.
The Summons and Notice, which includes a list of the properties, will be published in the Seattle Times classified (legal) section sometime in late October after all our certified mail notifications are completed.
Every year people who have done little or no research or who do not know how to read a legal description buy properties that, to them, are totally useless.
Checks are made payable to the King County Treasury.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the King County, WA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in King County and much more.
It is required for account set up and authorization of a valid (not duplicate) profile and if you choose to continue after the free trial only then your account will automatically activate and renewals will be billed monthly until you decide to cancel your subscription.
The information at this site is provided solely for informational purposes and does not constitute an offer to sell, rent, or advertise real estate outside the state in which the owner of the site is licensed.
This agent specializes in this area and can assist you in purchasing a foreclosure property or one best suited to your needs.
HotPads is a map-based apartment and rental home search engine, listing homes for rent, apartments, condos, and real estate.
The map-based search on HotPads can only be viewed by a browser with JavaScript enabled.
King County repo home and property sales at some stage of foreclosure dropped 18% due to a huge drop in the distressed inventory, as banks have adopted new strategies in placing properties on the market.
Looking at the foreclosure listings in King County, the average price went down compared to a year ago, while the national average went up.
Taking a look at the numbers: New home sales went up 18% on a national level and, as of July, were up 25% compared to a year ago, while the sale of homes already on the market rose 9% in the second quarter.
King County home buyers can now enjoy the discounts found on foreclosure listings, which rose to 41% this year, up from 35% compared to a non-distressed property.
Distressed properties accounted for 16% of the total sales transactions in King County during the April-to-June period, recording a 21% drop compared the previous quarter.
These tax foreclosed homes are available for pennies on the dollar – as much as 75 percent off full market price (and more)! Enjoy the pride of homeownership for less than it costs to rent before it’s too late.
Receive email alerts of NEW properties directly to your inbox for your saved search.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Oregon Live LLC.
Photo: Michael Macor, The Chronicle Benjamin Peters with the CalFire Mendocino takes a break for a drink while firefighting fire along highway 50, as firefighters continue to battle the King Fire near Pollack Pines, Calif., on Wednesday Sept.
Photo: Michael Macor, The Chronicle Benjamin Peters with the CalFire Mendocino fighting the fire along highway 50, as firefighters continue to battle the King Fire near Pollack Pines, Calif., on Wednesday Sept.
Photo: Michael Macor, The Chronicle Jeremy Hagardorn with Mendocino CalFIre works hot spots along highway 50, as firefighters continue to battle the King Fire near Pollack Pines, Calif., on Wednesday Sept.
Photo: Michael Macor, The Chronicle Firefighters with Mendocino CalFire was over a flare up along highway 50, as firefighters continue to battle the King Fire near Pollack Pines, Calif., on Wednesday Sept.
Photo: Michael Macor, The Chronicle An air tanker lays down fire retardant across a ridge, as firefighters continue to battle the King Fire near Pollack Pines, Calif., on Wednesday Sept.
Photo: Rich Pedroncelli, AP Firefighters battle the flames from the King fire near Fresh Pond, Calif., Wednesday, Sept.
Photo: Rich Pedroncelli, Associated Press A firefighter puts water on a burning tree as flames approach a containment line, while fighting the King fire near Fresh Pond, Calif., Thursday, Sept.
Photo: Rich Pedroncelli, Associated Press A firefighter waters down a tree as flames approach a containment line, while fighting the King fire near Fresh Pond, Calif., Thursday, Sept.
Firefighters continue to battle the King Fire near Pollack Pines, Calif., on Wednesday Sept.
Use fewer filters, or save this search to receive notifications of future matches.
All rights reserved.
ForeclosuresToGo.com is prohibited.

Tags: , ,