Foreclosure sales pick up

| Print |  Email
Must Reads
Thursday, January 26, 2012

Portland-area foreclosure sales picked up in the third quarter of 2011, due to an increase in short sales.

 

According to the foreclosure listings site RealtyTrac, 1,702 "distressed" properties with foreclosure filings in Portland-Vancouver-Beaverton sold from July to September, a 3.6 percent increase from the same period a year earlier. They made up nearly one in five home sales during the quarter. 
Lenders have more readily agreed to short sales -- in which the bank accepts whatever price a home can fetch on the open market instead of the amount owed on the home -- over the past two years, said Mathew Raczko, a financial specialist with ClearPoint Financial Solutions.

Read more at OregonLive.com.

{biztweet}foreclosure portland{/biztweet}

 

 

More Articles

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


Read more...

Justice for All

January-Powerbook 2015
Thursday, December 11, 2014
BY JESSICA RIDGWAY

Lawger upends the typical hourly based fee model by letting clients determine the cost.


Read more...

Will Medford Ever Be Cool?

February 2015
Friday, January 23, 2015
BY DAN COOK | PHOTOS BY JASON E. KAPLAN

A real-estate developer and a Lithia Motors executive aim to revamp the city's forlorn downtown.


Read more...

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...

Top stories in 2014

The Latest
Thursday, December 18, 2014
10-listthumb

2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.


Read more...

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


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