Oregon Foreclosures

RealtyTrac released their August 2008 foreclosure data last week and Oregon ranks 22thin the nation for per household foreclosures.
There were 862 notice of defaults this month, up 19% from August 2007. The bank files a notice of default when a mortgage payment is late and attempts to reconcile the issue out of court have failed.
If […]

In the world of loan modifications (I guess) this is a sucess story. In April the Portland Tribune did a story about a woman who couldn’t afford a home and was about to lose it.As recession grips other communities around the country, the health of Portland’s economy rests partly on what happens to Shell and […]

From the Oregonian:
The foreclosure bus tour will soon roll through Portland. The tour of broken dreams has cropped up in other cities hit hard by the U.S. housing downturn and it was just a matter of time before it came to town. (Just try a Google search to see how fast the bus tour has […]

RealtyTrac released their June 2008 foreclosure data last week and Oregon ranks 17th in the nation for per household foreclosures.
There were 938 notice of defaults this month, up 73% from June 2007. The bank files a notice of default when a mortgage payment is late and attempts to reconcile the issue out of court have […]

RealtyTrac released their April 2008 foreclosure data this week and Oregon ranks 23rd in the nation for per household foreclosures.There were 1,136 notices of defaults this month, up 1021% from April 2007. The bank files a notice of default when a mortgage payment is late and attempts to reconcile the issue out of court have […]

RealtyTrac released their March 2008 foreclosure data this week and Oregon ranks 22nd in the nation for per household foreclosures.
There were 1,119 notices of defaults this month, up 106% from March 2007. The bank files a notice of default when a mortgage payment is late and attempts to reconcile the issue out of court have […]

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 […]