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|Wednesday, October 20, 2010|
By Jacq Lacy
As the number of foreclosures plateaus, more homeowners are sinking their heels into their properties, refusing to vacate repossessed properties. Some do not make a mortgage payment for more than two years yet refuse to budge according to real estate insiders. This is contributing to the bogged down state of the housing market and further muddying the far-from-cleaned-up mortgage mess.
Nine of Murphy’s 20 repossessed properties, currently on her desk, remain occupied.
As of the end of September, the U.S Department of Treasury's Hardest Hit Fund designated approximately $220.7 million to assist Oregon homeowners facing foreclosure. In addition, Oregon Housing and Community Services (OHCS) received a total of $31.4 million through the Neighborhood Stabilization Program (NSP) as of last week. Since 2008, NSP money has rebuilt foreclosed homes in 46 cities in Oregon for low and middle-income families. Also, 173 zero interest, $30-40,000 loans have been made to homebuyers across the state through NSP down payment assistance.
“I can only hope the house will be vacant,” she says.
Jacq Lacy is an associate writer for Oregon Business.
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Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
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Tom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.
Thursday, August 28, 2014
OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.
Monday, August 25, 2014
BY JASON NORRIS | OB GUEST BLOGGER
Ferguson Wellman’s investment views on the economy and capital markets.
Wednesday, August 27, 2014
BY LINDA BAKER
Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together.
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Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
First Call Resolution targets employee well-being and client satisfaction.
How six leading foundations are working together for a better Oregon.
Vigilant enters a New Year with a new president.
Sussman Shank is proud to announce that eight attorneys have been selected by their peers for inclusion in the 2015 edition of Best Lawyers in America, the oldest and most respected peer-review publication in the legal profession.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.