Portland Mayor Sam Adams defaulted on a home loan in August, marking the third time in 14 months he has fallen behind on a mortgage. Adams went four months without making the $2,413 payment on a rental triplex property in North Portland’s Kenton neighborhood, according to a default notice filed with Multnomah County by his lender Aug. 18. The notice is the first step in a foreclosure. Six days later, the lender withdrew the foreclosure, saying Adams had resolved the default. Adams declined to comment Wednesday except to say by text message that the “bank confirmed I am not on the list.”
Portland mayor defaults on a mortgage for third time, then resolves debt
September 16, 2010, 10:40am
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
Most Popular Articles
Compass files ethics complaints against Zillow in 26 states
Compass filed ethics complaints alleging Zillow false advertising across 26 states, 55 MLSs and 30 Realtor associations.
Jul 14, 2026
-
Greystar faces 114 housing voucher discrimination complaints
Jul 15, 2026 -
JMG brings $5.9B brokerage platform to Keller Williams
Jul 13, 2026 -
Randian urges loanDepot to consider sale, reassess leadership
Jul 16, 2026 -
Foreclosures climb 21% in first half of 2026, pushed by higher stress in FHA, VA mortgages
Jul 16, 2026 -
Housing costs, delayed marriage and the first-time buyer squeeze
Jul 16, 2026
Latest Articles
California condo defect liability bill on deck after recess
Coming out of summer recess, California lawmakers will tackle condominium construction defect legislation that has cleared committees and passed one chamber.
-
How ROAD aims to boost housing supply and cut red tape
-
Most retirement savers want an ‘easy button’ for planning
-
What the ROAD to Housing Act can — and can’t — do for affordability
-
Newrez servicing arm sued in New Jersey over alleged RESPA violations
-
Why Aaron Kirman is betting on AI, crypto and new development
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio