Bend Foreclosures Spike in First Quarter
From the Bend Bulletin:
A pair of local officials — one a banker, another a credit counselor — were skeptical Wednesday about the effects that Senate legislation could have on homeowners facing foreclosure in Central Oregon, saying the money won’t address the region’s problems and will likely go to other states first.Benefits of the national legislation — which would include $100 million to expand counseling services for homeowners at risk of defaulting on their loans — would trickle slowly to Oregon, a state that hasn’t been hit as hard by foreclosures as Arizona, California and Florida, predicted Bob Mullins, a money management volunteer for Bend-based Consumer Credit Counseling Service of Mid-Oregon.The number of mortgages entering the early stages of foreclosure during the first three months of 2008 nearly tripled the number in the same period last year, according to the Deschutes County Clerk’s Office.This year, the county is on pace to […]
Original post by Clint8200
