Oregon foreclosure filings decline

| Print |  Email
Must Reads
Thursday, May 17, 2012

Oregon foreclosure filings fell in April, reflecting a shift in foreclosure activity toward the East Coast.

In Oregon, lenders set foreclosure auctions for 1,203 properties in April and repossessed 504. Filings fell 48 percent compared with a year earlier, and 2.5 percent compared with March.

In the Portland area, foreclosure filings have fallen 43 percent since last April and 9 percent since March. The biggest decline was in Washington's Clark County, where filings are down 43 percent from a year ago.

Lenders have focused their attention on states -- many on the East Coast -- where foreclosure proceedings occur in court, a slow process that's caused a backlog. The bottleneck in those states was compounded when lenders placed a moratorium on foreclosures after sloppy documentation processes -- the scandal that led to a $25 billion national settlement with major lenders -- came to light.

Read more at OregonLive.com.

{biztweet}foreclosure oregon{/biztweet}

 

More Articles

Political theater

News
Wednesday, January 07, 2015
0107-orbizplansum14-thumbBY LINDA BAKER | OB EDITOR

The Oregon Business Plan Leadership Summit drew more than 1,000 people to the Oregon Convention Center yesterday.


Read more...

Free Falling

Contributed Blogs
Thursday, December 18, 2014
121714-oilprice-thumbBY JASON NORRIS | OB CONTRIBUTOR

The implosion of the energy complex: The best thing for low oil prices is low oil prices.


Read more...

4 married couples who work together

The Latest
Thursday, January 22, 2015
IMG 0020BY JACOB PALMER | OB DIGITAL NEWS EDITOR

They say maintaining a healthy marriage takes work. So does running a business with your spouse.


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...

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

Old school: Paulsen's Pharmacy maintains old fashion ethos

The Latest
Thursday, December 18, 2014
121914-pharmacy-thumbBY MEGHAN NOLT

VIDEO: Under the radar — complete with a soda counter, the traditional Paulsen's Pharmacy looks to compete with big box retailers.


Read more...

The short list: Holiday habits of six Oregon CEOs

The Latest
Thursday, December 11, 2014
121214-xmaslist1BY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask business and nonprofit leaders how they survive the season.


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