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County foreclosure rate eases in February

Foreclosure activity in Spokane County fell 20 percent in February compared with January, but the pace remained more than triple that of a year earlier..
Banks repossessed 73 homes in the county, and another 126 were subject to a notice of trustee sale, according to RealtyTrac, which monitors foreclosures nationally.
In January, 249 homes were repossessed or subject to a notice. Only 59 were involved in a foreclosure action in February 2010.
The rate in Kootenai County increased 54 percent compared with January, and 60 percent compared with February 2010. Banks repossessed 41 homes, 108 owners received a notice of default, and 135 a notice of trustee sale.
One in every 1,002 homes in Spokane County was subject to foreclosure, and one in 214 in Kootenai County.
The national rate was one in every 577 homes, RealtyTrac reported.
One in every 298 homes in Idaho was subject to foreclosure, fifth highest in the United States. The rate in Washington was one in every 642, 14th highest.

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Bert Caldwell
Bert Caldwell oversees production of the opinion pages, including writing editorials, and editing and selecting letters, columns and cartoons.




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