Court foreclosures rose 67% from January to February in Oregon.
“We can expect to see a steady rise in the number of homes sold at sheriff’s sales in the months ahead,” said John Helmick, of Eugene-based Gorilla Capital. “The processing of these foreclosures is a necessary prerequisite to the healing of the Oregon housing market.”
Filings for court foreclosures, also known as judicial foreclosures, rose from 766 in January to 1,282 in February in 24 counties followed by Gorilla Capital.
Read more at The Statesman Journal.