Home Must Reads Foreclosures drop

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

Election Season

November/December 2014
Wednesday, October 22, 2014

We didn’t intend this issue to have an election season theme. But politics has a way of seeping into the cracks and fissures.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

The Bookseller

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Everyone knows college is expensive, but a look at the numbers brings that into sharp — and painful — focus.


Read more...

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Growing a mobility cluster

News
Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


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