Oregon Foreclosures Up 121% In April 2008

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RealtyTrac released their April 2008 foreclosure data this week and Oregon ranks 23rd in the nation for per household foreclosures. There were 1,136 notices of defaults this month, up 1021% from April 2007. The bank files a notice of default when a mortgage payment is late and attempts to reconcile the issue out of court have failed. Click on any graph for a better image. If the homeowner doesn’t pay the default balance within 90 days then the bank records a notice of trustee sale with the coun

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Oregon Foreclosures up 121% in April 2008