Foreclosure activity continues to slow in Whatcom County, across U.S.


With the real estate market continuing to get back on track, monthly foreclosure numbers are at the lowest level in more than seven years.

In February 112,498 foreclosure filing notices were sent out across the U.S., down 27 percent compared to February 2013, according to data from RealtyTrac, an online database for real estate property. That's the lowest monthly total since December 2006, before the start of the national recession.

In Whatcom County 16 foreclosure filing notices were sent out last month, matching an eight-year low. One in every 5,660 Whatcom County housing units received a foreclosure filing notice last month, according to RealtyTrac.

"Cold weather and a short month certainly contributed to a seasonal drop in foreclosure activity in February, but the reality is that new activity is no longer the biggest threat to the housing market when it comes to foreclosures," said Daren Blomquist, vice president of RealtyTrac, in a news release accompanying the data. "The biggest threat from foreclosures going forward is properties that have been lingering in the foreclosure process for years."

Florida, Maryland and Nevada posted the highest foreclosure rates last month, with Washington ranking 19th highest.

Reach Business Editor Dave Gallagher at 360-715-2269 or Read the Business Blog at or get updates on Twitter at @bhamheraldbiz.

Bellingham Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service