Foreclosures up 90% in Oregon

The number of Oregon properties with foreclosure filings jumped 89.8 percent since May 2008, giving Oregon the 12th-highest foreclosure rate in the country, according to new data from RealtyTrac.
The state posted 3,067 foreclosure filings — including default notices, scheduled auctions and bank repossessions — in May, down 20.7 percent from April’s total, according to RealtyTrac’s monthly Foreclosure Market Report.

One in every 525 Oregon homes received a foreclosure filing in May.

Nationwide, 321,480 foreclosure filings were reported in May, which is 6 percent lower than April 2009, but about 18 percent higher than May 2008. One in every 398 U.S. homes received a foreclosure notice last month.
Vermont again recorded the lowest number of foreclosures, with six reported in May, or one for every 51,906 households.
The RealtyTrac U.S. Foreclosure Market Report provides the total number of properties with at least one foreclosure filing reported during the month. Data is collected from more than 2,200 counties that account for more than 90 percent of the nation’s population.

Portland Business Journal 06/09