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Local News - Local News - January 17, 2013
Foreclosures in Spokane County fall to four-year low
Job growth, stable prices help drive downturn in defaults

By Mike McLean
Of the Journal of Business

After several years of steeply rising mortgage defaults in Spokane County, foreclosures on deeds of trust plummeted to a four-year low in 2012, while foreclosure numbers in Kootenai County were tracking downward as well in the latest available figures.

Last year, the Spokane County Auditor's Office recorded 685 foreclosures on deeds of trust, down a whopping 38 percent from 1,112 foreclosures a year earlier, and the lowest annual total since 2008, when the county recorded 560 forec...


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