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King County Foreclosures, Bank Owned Homes, Short Sales

Along with the King County foreclosure trends, statistics, housing data and demographics, you can review every preforeclosure, foreclosure or bank owned property by selecting a city or ZIP code in King County from the list below. For further information on specific foreclosure properties we recommend working with a local Realtor® that uses ForeclosureRadar.com, or subscribing to ForeclosureRadar.com, the professional's foreclosure service.

Top Foreclosure ZIP codes in King County

98031
98052
98023
98115
98133
98003
98103
98118
98034
98105
98042
98058

» More Zips

Top Foreclosure Cities in King County

Seattle
Bellevue
Federal Way
Kent
Renton
Redmond
Kirkland
Auburn
Sammamish
Bothell
Mercer Island
Kenmore

Auburn
Baring
Bellevue
Black Diamond
Bothell
Carnation
Duvall
Enumclaw
Fall City
Federal Way
Hobart
Issaquah
Kenmore
Kent
Kirkland
Maple Valley
Medina
Mercer Island
North Bend
Pacific
Ravensdale
Redmond
Renton
Sammamish
Seattle
Skykomish
Snoqualmie
Vashon
Woodinville

» More Cities

King County Foreclosure Trends

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/filings-month' alt='Graph of Foreclosure Filings in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Foreclosure Filings</a></div>

Foreclosure Filings—Notice of Default filings are the first step in the foreclosure process. Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner's final notice before sale.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/outcomes-month' alt='Graph of Foreclosure Outcomes in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Foreclosure Outcomes</a></div>

Foreclosure Outcomes—After the filing of a Notice of Trustee Sale, there are only three possible outcomes. First, the sale can be Cancelled for reasons that include a successful loan modification or short sale, a filing error, or a legal requirement to re-file the notice after extended postponements. Alternatively, if the property is taken to sale, the bank will place the opening bid. If a 3rd party, typically an investor, bids more than the bank's opening bid, the property will be Sold to 3rd Party; if not, it will go Back to the Bank and become part of that bank's REO inventory.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/inventories-month' alt='Graph of Foreclosure Inventories in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Foreclosure Inventories</a></div>

Foreclosure Inventories—Preforeclosure inventory is an estimate of the number of properties that have had a Notice of Default filed against the property, but have not yet been Scheduled for Sale. The Scheduled for Sale inventory indicates those properties that have had a Notice of Trustee Sale filed, but have not yet been sold or had the sale cancelled. The Bank Owned (REO) inventory indicates the number of properties that have been sold Back to the Bank at the trustee sale, and which the bank has not yet resold to another party.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/bids-month' alt='Graph of Foreclosure Bids in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Foreclosure Bids</a></div>

Foreclosure Bids—The Published Bid is the amount listed in the Notice of Trustee Sale and is typically the balance due at the original date of sale. The Opening Bid is the bank's starting bid at auction, and is often discounted from the Published Bid. The Winning Bid is the highest bid received at auction and reflects the amount at which the bank or 3rd party purchased the foreclosure.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/foreclosurediscounting-month' alt='Graph of Foreclosure Discounting in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Foreclosure Discounting</a></div>

Foreclosure Discounting—This chart compares the winning Bid Amount of properties sold at trustee sale to both the outstanding Loan Amount, and the current Market Value. Banks place an Opening Bid for each property and if a 3rd Party does not make a higher bid, the property will be sold Back to Bank (REO) for the Opening Bid amount. Properties Sold to 3rd Parties will typically have Winning Bids with deeper discounts to both Loan Amount and Market Value as only low Opening Bids will attract investor interest.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/timetoforeclose-month' alt='Graph of Time to Foreclose in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Time to Foreclose</a></div>

Time to Foreclose—The average number of days between the filing of the Notice of Default and the final sale at auction for foreclosure sales that occurred during the specified month. Time to Resell—The average number of days between the final sale at auction and when the property was resold by the bank or 3rd party.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/beds-month' alt='Graph of Filings By Number of Bedrooms in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Filings By Number of Bedrooms</a></div>

Filings By Number of Bedrooms—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the property's number of bedrooms.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/sqft-month' alt='Graph of Filings By Square Foot in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Filings By Square Foot</a></div>

Filings By Square Foot—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the size range of the property in square feet.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/yrbuilt-month' alt='Graph of Filings per Year Built in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Filings per Year Built</a></div>

Filings By Year Built—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by when the property was built.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/estvalue-month' alt='Graph of By Est. Market Value in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - By Est. Market Value</a></div>

Filings By Est. Market Value—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the estimated market value of the property in foreclosure.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/loanbal-month' alt='Graph of Filings per Loan Balance in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Filings per Loan Balance</a></div>

Filings By Loan Balance—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the balance of the loan in foreclosure.

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<div align='center' style='padding: 3px; border: 1px solid #bbb; '><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'><img src='http://charts.foreclosureradar.com/washington/king-county/loandate-month' alt='Graph of Filings By Loan Origination Date in King County' /></a><br><a href='http://www.foreclosureradar.com//washington/king-county-foreclosures'>53033 - Filings By Loan Origination Date</a></div>

Filings By Loan Origination Date—The number of foreclosures that have received either a Notice of Default or Notice of Sale, shown in columns arranged by the quarter and year in which the loan was originally made.

Washington Foreclosure Process

Start of the foreclosure process. While the homeowner must receive a Notice of Default, it is not commonly recorded in Washington and therefore not tracked in ForeclosureRadar.
RCW 61.24.030

Sets auction date. Recorded at least 30 days after the Notice of Default.
RCW 61.24.030(7)

Initial auction date. At least 90 days from service of Notice of Trustee Sale.
RCW 61.24.040(1)(a)

The sale occurs on a Friday.
RCW 61.24.040(5)

Auction may be postponed for up to 120 days.
RCW 61.24.040(6)

Transfers property to highest bidder.

Possession granted 20 days after the sale.
RCW 61.24.060(1)

No deficiency judgment.
RCW 61.24.100

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King County Housing Data

Median House Value $407,700
Single Family 60 %
2-4 Units 6%
5+ Units 32%
Average Age 37
Owner-Occupied 60%
Median Rent $999

Source: 2010 ACS 5-year

King County Demographics

Population

Population 1,879,189
Density 888 persons / Sq Mi

Ages:

0-18 22% 18-64 68% 65+ 11%

Education Attainment

High School 18%
Some College 29%
Bachelors 29%
Graduate or Professional 16%

Income

Median Household Income $68,065
Married with One Wage-Earner 27%

Work / Commuting

Working 52 %
Working in same County 92%
Avg Commute Time 26.6 min
Workers using Alternative Transportation 34%

Source: 2010 ACS 5-year

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