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3 in 10 foreclosed Oregon homes are vacant

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Thursday, June 20, 2013

Almost 3 of 10 Oregon homes in foreclosure are empty despite still belonging to the homeowners.

Among U.S. states, Oregon has the second-most vacant foreclosures by percentage of foreclosures overall, according to an analysis by the foreclosure listings website RealtyTrac. The company compared a database of vacant properties maintained by the U.S. Postal Service with its database of homes in foreclosure.

Of nearly 3,900 homes in foreclosure in the state, RealtyTrac says 1,100 -- or 28 percent -- are empty. (In terms of the number of homes in foreclosure, Oregon is in the middle of the pack at No. 25.)

The high foreclosure vacancy rate correlates with a long and lengthening timeline for completing a foreclosure in Oregon, said RealtyTrac Vice President Daren Blomquist.

Read more at OregonLive.com.

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