Mounting concerns about the recent increase in default loans has many people running scared. However, Washington’s foreclosure rate is only 0.1%. Even in the hardest hit areas, such as Nevada, the foreclosure rate is just .59% of households.

 

 

 

 

In the month of November, there were 61 properties that were sent to foreclosure in King County. You can view King County's disclosures and FAQ's about foreclosures here.

 

 

 

 

With 53 million households nationwide that are currently up to date with their mortgages, the foreclosure situation may not be as bleak as you think.

 

 

On a nationwide scale, the foreclosure hot spots are really isolated to just 4 states, and these 4 states account for 51% of the nation's foreclosures.