Foreclosures slow down Oregon housing market

Foreclosures slow down Oregon housing market

In Multnomah County there are 91 unresolved court foreclosures and 25 nonjudicial Notice & Sale filings.

Foreclosure filings in 24 counties tracked by distressed real estate buyer Gorilla Capital increased in July, reaching 594.

“Foreclosure filings are coming back from summer vacation,” said John Helmick, Gorilla Capital's CEO. “As we get closer to school starting, lenders are more and more aggressive with foreclosure filings. Filings from months ago are finally through the state mandatory pre-foreclosure timeframes and borrowers are through the state-mandated processes.”

Read more at OregonLive.com