Cheap Seattle Foreclosed Homes for Sale

Buy Foreclosure Houses, Apartments & Condos in Seattle

ForeclosureDeals offers a solid database of Seattle bank owned foreclosure homes and Seattle government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These Seattle repossessed homes can be found in a number of ways, such as pre foreclosures, short sales, foreclosure auctions, flipping homes, bankruptcies and home foreclosures for sale in Seattle, WA. Our up-to-date real estate foreclosure listings in Seattle offers cheap distressed properties for buying & investing, in a great variety of properties like commercial & residential, multi & single family homes, lands, condos and apartment foreclosures in Seattle area.

About Foreclosed Homes in Seattle, WA

Seattle is known for a certain coffee brand but offers so much more than that. Seattle is an established major city with an eclectic, inviting feel to it, even when it (occasionally) rains. Investing in real estate here brings an abundance of single-family homes, apartments or commercial options which you can find for sale through amazing deals on foreclosures. Seattle is a progressive city on every front, from music to coffee, to the Space Needle and the Northwest Trek National Wildlife Park. Seattle is a jewel of the Pacific Northwest from its, often cheap, real estate to the top of the Space Needle. Take advantage of these opportunities and start searching for foreclosed homes for sale in Seattle, WA now!

Seattle - Real Estate in the Gateway to the Pacific

The American real estate market has a wealth of opportunity for homebuyers and investors alike, ranging from bustling metropolitan areas to growing suburbs and rural locales. No matter what state or region, and no matter what market conditions may be, a savvy investor and home-shopper can always find a high-value property with a great location.

Seattle, Washington is one prime example of how metro areas in the U.S. contain a treasure trove of real estate potential - if one knows where to look. Here we will talk about Seattle and how the Gateway to the Pacific contains a surplus of quality, in-demand properties for investors and homeowners alike.

General Information

Seattle is the largest city in the Northwestern United States and contains a metro area population of 3.4 million people, good for the 15th largest metro area in the country. It is a major international commerce and travel capital, with the sixth-busiest port in the U.S. and the 17th busiest airport in the country. International aircraft manufacturing giant Boeing had its headquarters in Seattle, as does coffee megachain Starbuck, internet retailer Amazon, and department store chain Nordstrom. Microsoft and Nintendo also have nearby campuses.

Compared to most other metro areas in the country, Seattle has a strong and vibrant economy, with technology, manufacturing, and services sectors dominating. The city's unemployment rate is also typically well below the national average.

Median Home Prices

Median home prices in Seattle for all properties hovers around $315,000, ranging from $223,750 for one-bedroom houses to $430,000 for four-bedroom properties and up. Seattle typically has one of the more stable housing markets in the country. The city's median value per square foot is $256, with a low of $133 for Rainier Park and a high of $439 for the downtown area.

Areas for Investment

Seattle has many diverse neighborhoods and areas for investment, all with solid access to amenities, stable home prices, low crime rates, reasonable commute distances, and good school districts, among other key factors. These neighborhoods and suburbs include Bellevue, Magnolia, Finnhill, West Seattle, and Fairwood. The areas with the lowest foreclosure rates include Admiral, Broadview, Gatewood, Magnolia, and Whittier Heights. For foreclosure investors, the areas with the highest foreclosure rates include Alki, Bitter Lake, Columbia City, Highland Park, Judkins Park, Rainier View, Riverview, and Uptown.

Washington's Foreclosure Process

Washington uses both judicial and non-judicial foreclosure processes. The particular type of process depends on whether or not a Power of Sale clause is present in the mortgage contract. When there is such a clause, lenders in Washington have the power to initiate foreclosure proceedings with a Notice of Default sent to the borrower. After 30 days, the lender's trustee sends a Notice of Trustee Sale with the date of the sale at least 90 days after the notice is filed. The borrower has up until the sale to reclaim the property; there is no right of redemption after the sale is final.

Should the lender have to go through the court, a decision is given after a minimum of 30 days. The sheriff's sale usually occurs 6-8 weeks after the date of the ruling. The borrower only has until 11 days before the sale to pay the owed amount to prevent the sale.

Most foreclosures in Washington use the non-judicial foreclosure process.