Category Archives: Washington State Foreclosures


May

20

2016
Buyers Looking Outside King County

Buyers Looking Outside King County

A recent Seattle Times article pointed out that a growing number of first time home buyers are looking for their ideal home, farther outside central Puget Sound. The driving force behind this growing trend is scarce inventory and climbing prices in and around King county. According to the Northwest Multiple Listing Service (April report delivered in May), inventory remains well below the supply needed for…

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Aug

06

2014
2 for 1 Auction

2 for 1 Auction

At the Seattle Trustee Auction, a Veristone partner secured two King County parcels for the price of one.  Veristone’s access to responsive title services as well as efficient communication with realtor Jason Bryant (Principal Northwest) provided our client with information regarding a hidden land parcel that was attached to one of the live properties at auction.  This bonus significantly increased the investment value, creating an…

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Sep

10

2013

Lacey, Washington Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $132,000FINAL SALES PRICE: $215,000LOCATION: Lacey, Washington- Thurston CountyLOAN DATE: May 2013 to August 2013LOAN TYPE: Auction Loan, 9 Month TermDETAILS:  The borrower on this subject property in Lacey is an experienced distressed property investor in Thurston County.  The Veristone borrower purchased the property for $151,000 in May 2013 at the Thurston County foreclosure auction.  The subject property is a 1996 Year-Built home…

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Jul

09

2013

Edmonds Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $272,000FINAL SALES PRICE: $524,950LOAN DATE: November 2012 to June 2013LOCATION: Edmonds, Snohomish County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month TermDETAILS:  The borrowers on this Edmonds flip are experienced auction professionals.  The borrowers purchased this property at the Snohomish County foreclosure auction in October 2012 for $251,000.  They then refinanced into a Veristone Fix & Flip Loan in November 2012…

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Jun

25

2013

Federal Way Fix & Flip Loan

VERISTONE DEALSHEET LOAN AMOUNT: $213,000FINAL SALES PRICE: $455,100LOAN DATE: January 2013 to June 2013LOCATION: Federal Way, Marine Hills, King County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month Term, $25,000 Construction HoldbackDETAILS:  This is an outstanding story of a 1966 property with sound views in the Redondo Highlands receiving modern updates.  New interior and exterior paint, private upper level master suite, modern kitchen and baths,…

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May

14

2013

Maple Valley Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $126,000 FINAL SALES PRICE: $228,000 LOAN DATE: December 14th, 2012 to April 1st, 2013 LOCATION: Maple Valley, King County- Residential LOAN TYPE: Auction Loan, 9 Month Term DETAILS: Our Veristone Capital borrower obtained the subject property at the King County foreclosure auction in December 2012 for $144,000.  The borrower is an experienced real estate investor who partnered with Skyline Properties and…

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May

07

2013

Tacoma Auction Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $137,000FINAL SALES PRICE: $225,000LOAN DATE: November 2012 thru April 2013LOCATION: Tacoma, Pierce County- ResidentialLOAN TYPE: Auction Loan, 12 month termDETAILS:  The subject property was one of almost 50 auction deals funded by Veristone Capital in 2012.  The property was purchased last November for $157,000 and was updated during the Holiday season with new carpet, new paint, and a refreshed kitchen. …

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May

01

2013

West Bellevue Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $585,000HOUSE VALUE: $800,000 estimatedLOAN DATE: March 1st, 2013 through April 26th, 2013LOCATION: Bellevue, King County- ResidentialTYPE: Auction Loan- 12 Month TermDETAILS: Veristone Capital partnered with John L. Scott Foreclosure Services to acquire a rare view property in one of the premier Seattle neighborhood’s- West Bellevue, near Meydenbauer Bay.  The subject property boasts 1930 square feet with lake views.  The property was…

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Apr

02

2013

Renton Auction Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $57,000 FINAL SALES PRICE: $103,500 LOAN DATE: January 2013 to March 2013 LOCATION: Renton, King County Washington TYPE: Auction Loan, 12 month Term DETAILS: The subject property  was sold at King County foreclosure auction for $65,000 in January 2013.  The buyer is an experienced real estate investor working with Skyline Properties and JDIG Real Estate Group.  The property is a…

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Mar

25

2013

Graham, Washington, Auction Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $156,000 FINAL SALES PRICE: $249,995 LOAN DATE:  January 2013 to March 2013 LOCATION: Graham, Pierce County Residential TYPE: Auction Loan, 6 Month Term DETAILS: Liberty Capital has changed its name to Veristone Capital.  Veristone is still providing the same quality and quantity of specialty financing to real estate buyers in King, Pierce and Snohomish County.  A recent Pierce County deal…

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