Home Must Reads Oregon bill targets vacant foreclosures

Oregon bill targets vacant foreclosures

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Must Reads
Monday, May 06, 2013

Oregon's "Good Neighbor Bill" was approved in the House and awaits a hearing in the Senate. It would take care of vacant eyesore properties.

A recent analysis found that more than half of about 2,300 Oregon homes in foreclosure -- but not yet foreclosed -- are sitting empty. And the study by RealtyTrac, which compared foreclosure notices to a U.S. Postal Service database of vacant homes, found 45 percent of those empty foreclosures didn't have a forwarding address.

"The foreclosure issue is not an urban one. It's suburban. It's rural," [Rep. Lew Frederick] said. "You have squatters going into foreclosed properties in Albany. And you have foreclosed properties in Lake County and Klamath County where police and fire folks are concerned about" drug use, vandalism and people living in homes without utilities.

Read more at OregonLive.com.

{biztweet}foreclosure oregon{/biztweet}

 

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