Portland foreclosure rate up

Portland foreclosure rate up

The foreclosure rate in Portland was up slightly in December compared to a year earlier.

According to CoreLogic Inc., a California-based real estate industry data firm, the Portland-Vancouver-Hillsboro foreclosure rate was 2.45 percent in December, up from 2.43 percent a year earlier.

The rate -- which represents homeowners with a mortgage whose lenders have started the foreclosure process -- has been in decline since August, with a steep 0.24 percentage point drop in October. That followed legal changes that complicated the foreclosure process in Oregon starting in July.

Read more at OregonLive.com.

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