Foreclosure filings down nearly 10 percent in Whatcom County

THE BELLINGHAM HERALDJuly 10, 2013 

Whatcom County's foreclosure numbers remain elevated but are trending downward, according to a new national report.

In the first six months of 2013, Whatcom County had 349 foreclosure filing notices, according to RealtyTrac, an online database of foreclosure information. That's down 9.8 percent compared to the last six months of 2012, but up significantly from the first half of 2012, which had 213 filings.

According to the report, one in every 258 local housing units received some sort of foreclosure notice in the first half of 2013. The state rate is one in 128, while the national rate is one in 164.

Washington state had the ninth highest foreclosure rate in the U.S. for the first half of 2013; Florida and Nevada topped the list.

Across the U.S., the number of foreclosure notices totaled 801,359, a 19 percent drop from the previous six months and a decrease of 23 percent compared to the first half of 2012.

"Halfway through 2013 it is becoming increasingly evident that while foreclosures are no longer a problem nationally they continue to be a thorn in the side of several state and local markets, particularly where a backlog of delayed distress has built up thanks to a lengthy foreclosure process," said Daren Blomquist, vice president of RealtyTrac, in a news release.

Reach Business Editor Dave Gallagher at 360-715-2269 or dave.gallagher@bellinghamherald.com. Read his Business blog at blogs.bellinghamherald.com/business or follow him on Twitter at @bhamheraldbiz.

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