Lane County foreclosures down

Lane County foreclosures down

Foreclosures in Lane County fell 36% in 2012 compared to 2011.

A total of 877 Lane County households — or about one in every 178 — received some sort of foreclosure notice last year, according to RealtyTrac.

The decline in foreclosures locally is “a sign that the housing market is beginning to heal, a trend we expect will continue in 2013,” said John Helmick, CEO of Eugene-based Gorilla Capital, which buys distressed properties, does needed repairs and renovation, and then resells them for a profit.

Read more at The Register-Guard.

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