I’m not sure I agree 100% with their assessment of WA State in this DS News article which says Washington State is going down in the number of foreclosure auctions. Just because lenders have slowed down their foreclosure auction rate here, doesn’t mean we don’t still have a backlog of distressed homes. We’re seeing plenty of them coming on market after the auction after no investors have purchased on the courthouse steps. We’re also seeing more lenders willing to work out a short sale thus delaying auctions or foregoing them all together if a short sale occurs.
