Foreclosures jump statewide

Foreclosures jump statewide

Foreclosure filings fell in the Portland area last month, but jumped statewide as lenders worked overtime to get ahead of new foreclosure legislation taking effect in July.

According to numbers released today by RealtyTrac, a California-based foreclosure listings firm, Portland-area filings fell 1.18 percent in May compared with April. That's 11 percent fewer filings than the same month a year earlier.

The biggest decline reported in the area was in Clark County, where foreclosure filings have been more than halved compared with a year ago.

Read more in today's Oregonian.