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Pasco’s Foreclosure “Problem”

By in Pasco Real Estate with 0 Comments

The Tri-City Herald reported today that Pasco was granted about $400,000 from the federal government to help with foreclosures.  Psssst – here’s the thing – it’s not really an issue.

As the city manager, Gary Crutchfield said,

It’s a good opportunity to address the relatively small problem that we have…

Pasco was the only one of the Tri-Cities to receive money from the program designed to help communities struggling with high foreclosure rates.  That’s probably because it was ranked highest among the Tri-Cities by LISC, which stands for Local Initiatives Support Corporation. They “developed scores for cities and counties based on requirements for the national program”.  Here’s the breakdown –

RICHLAND, 1.1 %

KENNEWICK  1.54%

PASCO 1.77%

Compare that to the entire state of Washington where  “1.42 percent of loans are in foreclosure, including 2.19 percent in Pierce County, 2.69 percent in Tacoma, 2.44 percent in Yakima and 1.52 percent in Spokane, according to LISC.”

So, compared to the entire state, both Pasco and Kennewick have a higher percent of foreclosures, but they’re certainly less than in other areas of Washington, and the nation (close to 3%), as well.

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About The Author
Cari McGee

My husband and I came to the Tri-Cities in 1994, and we thought it would be a temporary stop on our way to larger cities. He was a television sports anchor at the time, and we planned to go wherever the "next step up" took us. Twenty-plus years later, we're still here and we've loved every minute of it! We have two children now, and we've found the Tri-Cities area is a wonderful place to raise a family. It's a great place to do outdoorsy things -- I like to hike Badger Mountain or run along the river path. I also love reading ... by a cozy fire in the winter or a beautiful picture window in the summer (with the A/C on!). I've been a licensed Realtor since 2004. I earned my managing broker's license in 2016, which means I can run my own brokerage, or create a team of real estate agents and supervise them, which is exactly what I did when I formed the Cari McGee Real Estate Team in 2018! We have administrative and marketing personnel, as well as additional agents to serve you. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016, became Secretary/Treasurer of the organization, and was elected to Vice President in 2019. Want to talk about real estate? Click here to schedule a meeting with me!

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