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    Seattle Foreclosure Search

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    Receive Seattle Foreclosures Daily

    Foreclosure

    For some, it is a word that conveys the fear and dread of financial ruin, while for others it infers a positive economic opportunity. Regardless of the perspective, it is possibly the most misunderstood aspect of any real estate market.

    Buying Foreclosures

    Buying directly from the bank is preferred by many because it is a more methodical, predictable and non-emotional process than buying from the distressed seller. 

    Not all REOs are good deals. Many banks want market value in order to recoup as much of their losses as possible. Others are more concerned with liquidating their REO inventory as these non-performing assets have a negative impact on their books. We have relationships with  asset managers and REO officers, so knowing which lenders are motivated sellers and which properties represent a bargain is where we come in.

    Facing Foreclosure

    If you are an owner of Seattle real estate that would like to know what options you may have in avoiding foreclosure or walking away from the mortgage, fill out the contact form on the right or contact us at (425) 224-1282 to schedule a confidential consultation. 

    The foreclosure process begins when the lender files a Notice of Default, or NOD, with the County Recorder once a borrower defaults on their loan.  The process ends when:

    Within the grace period determined by state law (pre-foreclosure), the borrower pays the default amount and reinstates the loan, or 

    The property is sold during the pre-foreclosure time period, allowing the borrower to pay off the loan. A situation where the loan is greater than the sale amount, but the lender agrees to a loan pay off that is less than what is owed is referred to as a short sale, or short pay. Or, 

    At the end of the pre-foreclosure period, a trustee sale occurs and the property is sold at a public auction to a third party, or 

    The lender takes ownership of the property through an agreement with the borrower during the pre-foreclosure time period, or buys the property at the trustee sale. The bank-owned property is referred to as real estate owned, or REO.

    Seattle Real Estate Listings

    Seattle image
    Seattle $32,500,000

    In a private Lake Washington setting, this is one of Seattle’s great estates. With over 200 feet of waterfront and sweeping views of the Cascades from Mt. Baker to Mt. Ra...

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    • 6 Beds
    • 10 Baths
    • 1930535 MLS
    • ACTIVE Status
    Courtesy of COMPASS

    Listing courtesy of COMPASS.

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    13720 Aurora Avenue N, Seattle image
    13720 Aurora Avenue N, Seattle $3,700,000

    For over 30 years Zackys Custom Rods & A+ Body and Paint have been doing remarkable work, from ground up custom to smooth body work bringing back to life the beauty of au...

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    • 1919706 MLS
    • ACTIVE Status
    Courtesy of The Preview Group

    Listing courtesy of The Preview Group.

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    516 Yale Avenue N Unit #400, Seattle image
    516 Yale Avenue N Unit #400, Seattle — Art Stable $3,495,000

    Designed by acclaimed architect Tom Kundig & interior by George Suyama & Gulassa this award winning boutique building is of unmatched style & presence in the heart of bus...

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    • 2 Beds
    • 2 Baths
    • 1880628 MLS
    • ACTIVE Status
    Courtesy of Ewing & Clark, Inc.

    Listing courtesy of Ewing & Clark, Inc..

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    1521 2nd Avenue Unit #3001, Seattle image
    1521 2nd Avenue Unit #3001, Seattle — Fifteen Twenty-One $2,700,000 ▼

    Newly priced and a must see! The best of Seattle is offered in this highly sophisticated residence. Enjoy the everchanging views from your home high above Puget Sound, El...

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    • 2 Beds
    • 2 Baths
    • 1755234 MLS
    • ACTIVE Status
    Courtesy of Realogics Sotheby's Int'l Rlty

    Listing courtesy of Realogics Sotheby's Int'l Rlty.

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    1920 4th Avenue Unit #2405, Seattle image
    1920 4th Avenue Unit #2405, Seattle — Escala $2,275,000

    Penthouse style luxury, Gorgeous Escala home,near2000 sqft, Stunning SW city & water views.Enjoy this open floor plan, Floor to ceiling windows 2 balconies,chefs kitchen,...

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    • 2 Beds
    • 2 Baths
    • 1914598 MLS
    • ACTIVE Status
    Courtesy of Windermere Real Estate Midtown

    Listing courtesy of Windermere Real Estate Midtown.

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    The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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