Friday, January 14, 2011
In 2010, nearly 1 million homes were repossessed across the nation. Washington alone saw 20,000 foreclosures, a 30% increase from the year before. RealtyTrac, who reported the statistics, says things are only going to get worse this year. They predict 1.2 million homes will be foreclosed in 2011. However, Washington State saw a smaller amount of foreclosures compared to other states last year, which gives us a glimmer of hope. The month of December also had the lowest number of foreclosures in the last 30 months. Washington State is ranked #18 among state’s with top foreclosure rates.