Sponsored by Oregon Business

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

Tweeting Portland's State of the City address

News
Friday, January 30, 2015
Screen Shot 2015-01-30 at 3.08.19 PMBY JACOB PALMER | OB DIGITAL NEWS EDITOR

For those who were working, here are a few highlights of Charlie Hales' State of the City address.


Read more...

Thy neighbor's house

March 2015
Friday, February 20, 2015
BY LINDA BAKER | OB EDITOR

Vacasa may lack the name recognition of Airbnb. But not for long.


Read more...

Get on the bus!

April 2015
Thursday, March 19, 2015
BY APRIL STREETER

How the private sector can ride the next transit revolution.


Read more...

Cache and Curry

March 2015
Monday, February 23, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Power Lunch at Swagat in Hillsboro.


Read more...

Green Rush: Cashing in on legal marijuana

March 2015
Friday, February 20, 2015
BY COURTNEY SHERWOOD | OB CONTRIBUTOR

Marijuana is big business in Oregon, and it’s about to get bigger.


Read more...

Live, Work, Play: Amen Teter

February 2015
Tuesday, January 27, 2015
BY JACOB PALMER

Catching up with Amen Teter, Portland-based global director of action sports for Octagon Olympics & Action sports talent agency.


Read more...

The week journalism died

Linda Baker
Sunday, February 15, 2015
deadjournalismthumbBY LINDA BAKER | OB EDITOR

As the investigation against the governor moves forward, those of us in the news business should reflect on our own potential for subverting the democratic process.


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