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

The short list: 5 companies making a mint off kale

The Latest
Thursday, November 20, 2014
kale-thumbnailBY OB STAFF

Farmers, grocery stores and food processors cash in on kale.


Read more...

Downtime

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Bob Dethlefs, CEO of Evanta, balances work and play.


Read more...

Corner Office: Timothy Mitchell

January-Powerbook 2015
Saturday, December 13, 2014

A look-in on the life of Norris & Stevens' president.


Read more...

Leading with the right brain

News
Tuesday, December 09, 2014
120914-manderson-thumbBY LINDA BAKER

On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

Corner Office: Pam Edstrom

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.


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