Case-Shiller: Home price gains decelerate rapidly

Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”

Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
W S
Servicing / The Ticker

Foreclosures drop in Oregon as new rules take effect

foreclosure sign
KEYWORDS Foreclosure / Oregon
/ Print / Reprints /
| Share More
/ Text Size+

According to OregonLive, foreclosure filings tumbled in the state’s largest counties in September, which will likely be short-lived as lenders retool their responses to legal changes in the foreclosure process.

According to numbers compiled by Gorilla Capital, a Eugene company that buys and resells distressed properties, foreclosures in the state’s largest seven counties have fallen by 42 percent from a year ago and 80 percent from a month earlier month.

“I think it’s a temporary drop,” said Alan Brickley, an attorney and board member of the Oregon Land Title Association. “If you can’t start a foreclosure until you give notice at least 60 days before, then you can’t (start a foreclosure) in August and September.”

Source: OregonLive
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus