Thursday, April 12, 2012
Foreclosure filings in the Portland area rose 12.6% in March from the month before.
Nationwide, RealtyTrac said, foreclosure activity reached its lowest point in 56 months in March. But initial filings have increased for three straight months, a sign of increased foreclosure activity to come.
"The dam may not burst in the next 30 to 45 days, but it will eventually burst, and everyone downstream should be prepared for that to happen -- both in terms of new foreclosure activity and new short sale activity," RealtyTrac chief executive Brandon Moore said.
Read more at OregonLive.com.