Record Home Foreclosures and Eastside Price Reductions

The mortgage mess continues to get even messier, as ”Home Foreclosures  Jump to a New Record.”

The percentage of all mortgages nationwide that started the foreclosure process jumped to a record high of 0.78 percent during the July-to-September period. That surpassed the previous high of 0.65 percent set in the prior quarter.

The number of foreclosures and late payments on subprime adjustable rate mortages also reached an all-time high during third-quarter, 2007.  While the feds work away at untangling the mess, home sellers continue to whittle away at their prices, hoping to get the attention of buyers.

Here are the latest Eastside price reductions, $30,000 and up.

BELLEVUE

13953 SE 5th St.
4 br/2.5 ba, 3,210 sq.ft.
Reduced $47,000 to $1,498,000 ($467/sq.ft.)
MLS 27151215 

14715 SE 24th St. #101
2 br/1.75 ba, 916 sq.ft.
Reduced $44,000 to $315,000 ($344/sq.ft.)
MLS 27112194

440 129th Ave SE
4 br/2.5 ba, 2,460 sq.ft.
Reduced $40,000 to $799,900 ($325/sq.ft.)
MLS 27179079

17108 SE 29th Ct.
4 br/3 ba, unspecified
Reduced $34,950 to $615,000
MLS 27166834

ISSAQUAH

2335 30th Ave NE
4 br/2.5 ba, 3,950 sq.ft.
Reduced $50,000 to $1,049,999 ($269/sq.ft.)
MLS 27106907

2013 30th Ave NE
4 br/2.5 ba, 2,760 sq.ft.
Reduced $30,000 to $699,950 ($254/sq.ft.)
MLS 27162940

731 Lingering Pine Dr. NW
4 br/4.5 ba, 4,420 sq.ft.
Reduced $30,000 to $1,090,000 ($247/sq.ft.)
MLS 27195293

KIRKLAND

704 17th Ave W
5 br/2.75 ba, 3,468 sq.ft.
Reduced $50,000 to $1,475,000 ($425/sq.ft.)
MLS 27178164

12822 NE 105th Pl.
3 br, 2.25 ba, 1,605 sq.ft.
Reduced $34,950 to $615,000 ($383/sq.ft.)
MLS 27106716

11726 NE 102nd Pl
4 br/2.25 ba, 2,390 sq.ft.
Reduced $32,000 to $643,000 ($269/sq.ft.)
MLS 27203783

SAMMAMISH

304 219th Ave NE
4 br/2.5 ba, 2,680 sq.ft.
Reduced $30,000 to $719,950 ($269/sq.ft.)
MLS 27177380