Notes on Shifts in Foreclosure Statistics in Washington, D.C.

Occasional sharp fluctuations in foreclosure inventory, starts, sales, and foreclosures avoided are the result of large condominium developments entering and exiting foreclosure in 2009, 2010 and 2011. The number of condominium units in the development that are included in the foreclosure proceedings are all counted as individual foreclosure events. These large developments are listed below. In addition, other events that affect the level of foreclosure activity are noted.

Notable Foreclosure Events

2009, 2nd Quarter - Village Tower at McLean Gardens (3401 38th St NW, 141 condominium units) and Village at McLean Gardens (3400 Idaho Ave NW246 condominium units) entered foreclosure in May.
2009, 3rd Quarter - Foreclosure proceedings for the condominium units at McLean Gardens (see above) were canceled in August, these units are considered to have avoided foreclosure.
2010, 1st Quarter - Senate Square (201 and 225 I St NE, 430 condominium units) entered foreclosure in January.
2010, 2nd Quarter -

Lincoln Park Terrace (401 13th St NE, 42 condominium units) entered foreclosure in April.
Senate Square received additional notices of foreclosure sale filed in May and again in June.

2010, 3rd Quarter - Senate Square condominium units complete foreclosure and a trustee's deed sale is filed in July for these 430 units.
2010, 4th Quarter -

Robo-signing scandal reported in the media, many banks temporarily halted foreclosure auctions.
The D.C. Foreclosure Mediation Law, enacted on November 17, 2010, required lenders to offer mediation to most homeowners before issuing a notice of foreclosure sale. Until the mediation program is up and running, few new foreclosure starts are expected. Further detail on the D.C. Foreclosure Mediation can be found here

2011, 1st Quarter -Randolph Towers (3900-3902 14th Street, 122 condominium units) entered foreclosure in February.

Last Updated: 4/11/2011