Foreclosures drop

| Print |  Email
Must Reads
Thursday, December 22, 2011

Statewide foreclosures dropped 32% since October.

Foreclosure filings had dropped sharply in November 2010 when many lenders put foreclosures on hold while they scrambled to revamp their internal procedures because of trouble in the foreclosure processing system.
“The data clearly demonstrates that Oregon foreclosure activity peaked in 2010, and we are now in a steady decline,” said John Helmick, CEO of Eugene-based Gorilla Capital, which specializes in the purchase and resale of foreclosed properties.
“The real estate market is healing itself, and absent government intervention, we expect to see the real estate market continue to heal itself throughout 2012,” Helmick said. “We expect 2012 foreclosure activity will be less than half of 2010.”

Read more at The Register-Guard.

{biztweet}foreclosure oregon{/biztweet}

 

 

Comments   

 
Todd
0 #1 Date Correct????Todd 2011-12-22 12:51:14
Is the reference to 2010 in this article meant to be 2011???
Quote | Report to administrator
 

More Articles

Farm in a Box

July/August 2015
Friday, July 10, 2015
BY JACOB PALMER

Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.


Read more...

The Private 150: From Strength to Strength

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.


Read more...

Preserving the Legacy

July/August 2015
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN

A New York floral and gift business takes on the iconic Harry & David brand.


Read more...

Brain Storm

July/August 2015
Monday, July 13, 2015
BY CAMILLE GRIGSBY-ROCCA

Can the brave new world of neurotechnology help an OHSU surgeon find a cure for obesity?


Read more...

Quake as metaphor

Linda Baker
Tuesday, July 14, 2015
071515-earthquakia-thumbBY LINDA BAKER

The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.


Read more...

Downtime with Debra Ringold

July/August 2015
Monday, July 13, 2015
BY JACOB PALMER

Dean of the Atkinson Graduate School of Management, Willamette University


Read more...

House of Clarity

July/August 2015
Monday, July 13, 2015
BY JACOB PALMER

Holding a Power Lunch at Veritable Quandary in downtown Portland.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS