OREGON FORECLOSURE ACTIVITY DOWN 10 PERCENT IN DECEMBER

Yearly Foreclosure Total Up 310 Percent From December 2006

 

IRVINE, Calif. – Jan. 25, 2008 – Oregon reported 1,099 foreclosure filings in December, a 10 percent decrease from the previous month, but still a 310 percent increase from December 2006, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1 million properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

 

“Although Oregon foreclosures decreased in December, the numbers are up more than four times what they were this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the state’s unemployment rate is significantly higher than the national average. This is likely contributing to the overall rise.”

 

Oregon ranked 26th in the country in total foreclosures reported for the month. The state’s foreclosure rate of one foreclosure filing for every 1,418 households ranked it 26th among the 50 states.

 

Multnomah County leads state in foreclosure filings

Multnomah County led Oregon in total foreclosure activity for December, reporting 194 foreclosure filings. Lane County posted the second highest foreclosure total, reporting 117 foreclosure filings for the month, followed by Washington County, which registered 110 foreclosure filings.

 

Deschutes County posts highest foreclosure rate

Deschutes County reported the highest county foreclosure rate in the state for December, one foreclosure filing for every 629 households — 2.3 times the state average. Polk County posted the second highest county foreclosure rate, one foreclosure filing for every 781 households —1.8 times the state average. Jackson County registered the third highest foreclosure rate, one filing for every 896 households — 1.6 times the state average.

 

State contributes 1 percent to nation’s monthly total

Total foreclosure filings in Oregon accounted for 1 percent of the 215,749 foreclosure filings reported nationwide in December. The national total represents a 7 percent increase from the previous month, and is 97 percent above the total reported for December 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 577 U.S. households for the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank).

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

 

Oregon Foreclosure Market by County – December 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

Households per Filing

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

46,182

54,280

18,488

47,945

48,854

215,749

577

n/a

n/a

Oregon

766

253

0

0

80

1,099

1,418

0.41

n/a

 

 

 

 

 

 

 

 

 

 

Baker

0

0

0

0

0

0

n/a

0.00

0.00

Benton

8

3

0

0

1

12

2,863

0.20

0.50

Clackamas

89

10

0

0

5

104

1,412

0.41

1.00

Clatsop

1

4

0

0

0

5

4,095

0.14

0.35

Columbia

8

10

0

0

0

18

1,061

0.54

1.34

Coos

8

0

0

0

1

9

3,278

0.18

0.43

Crook

0

1

0

0

0

1

9,408

0.06

0.15

Curry

0

0

0

0

0

0

n/a

0.00

0.00

Deschutes

87

16

0

0

6

109

629

0.92

        2.25

Douglas

18

10

0

0

1

29

1,550

0.37

0.91

Gilliam

0

0

0

0

0

0

n/a

0.00

0.00

Grant

0

0

0

0

0

0

n/a

0.00

0.00

Harney

0

0

0

0

0

0

n/a

0.00

0.00

Hood River

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

51

34

0

0

9

94

896

0.64

1.58

Jefferson

0

0

0

0

0

0

n/a

0.00

0.00

Josephine

16

8

0

0

5

29

1,238

0.47

1.15

Klamath

9

3

0

0

2

14

2,141

0.27

0.66

Lake

0

0

0

0

0

0

n/a

0.00

0.00

Lane

65

44

0

0

8

117

1,247

0.46

1.14

Lincoln

14

1

0

0

1

16

1,760

0.33

0.81

Linn

25

11

0

0

3

39

1,159

0.50

1.22

Malheur

0

5

0

0

1

6

1,900

0.30

0.75

Marion

66

36

0

0

7

109

1,060

0.54

1.34

Morrow

0

2

0

0

0

2

2,195

0.26

0.65

Multnomah

162

15

0

0

17

194

1,562

0.37

0.91

Polk

15

19

0

0

0

34

781

0.74

1.82

Sherman

0

0

0

0

0

0

n/a

0.00

0.00

Tillamook

4

1

0

0

0

5

3,401

0.17

0.42

Umatilla

11

1

0

0

1

13

2,212

0.26

0.64

Union

0

2

0

0

0

2

5,348

0.11

0.27

Wallowa

0

0

0

0

0

0

n/a

0.00

0.00

Wasco

0

2

0

0

0

2

5,353

0.11

0.26

Washington

91

10

0

0

9

110

1,791

0.32

0.79

Wheeler

0

0

0

0

0

0

n/a

0.00

0.00

Yamhill

18

5

0

0

3

26

1,304

0.44

1.09

 

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest growing private companies, RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.

 

Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new homes, with more than 1.3 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal’s Real Estate Journal. For more information, visit (www.realtytrac.com).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved