Are we over the worst? Let's hope so! The significant fall of Notices of Foreclosure filings in King County show positive signs of stabilization. Although the foreclosure rates have been bad, they are coming off their peak of June 2009.
This June there were 1615 foreclosure filings in King County, 1248 for July and 614 for August. The better news is that of those 614 filings in August, only 353 ended in actual foreclosure.
Although it's terrible for even one family to loose their home to foreclosure, the numbers paint a more optimistic picture than the media presents!
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