Oregon Foreclosure Activity Rises in October

Statewide filings up 23 percent  from September

Foreclosure filings — default  notices, scheduled auctions and bank repossessions — were reported on 3,606 Oregon properties in  October, a 23 percent increase from September, but still 4 percent below the  level reported for October 2010, according  to the latest RealtyTrac® U.S. Foreclosure Market Report.

Oregon had the ninth highest foreclosure rate  in the nation, reporting one in every 455 housing units with a foreclosure  filing in October.

Deschutes County posts top foreclosure rate in the  state for October
  One in every 233 housing units in Deschutes County  had a foreclosure filing in October — 2.4 times the national average and two  times the state average — the highest foreclosure rate of all Oregon counties for the month. Crook County had  the second highest rate of one in every 246 housing units with a foreclosure  filing during the month — 2.3 times the national average and 1.9 times the  state average. Jackson County had the third highest rate of one in every 304  housing units with a foreclosure filing during the month — 1.9 times the  national average and 1.5 times the state average.

Multnomah County has state’s highest foreclosure  total in October
  Multnomah County tallied the highest level of foreclosure activity  in the state, reporting 692 properties with foreclosure filings for the month. Clackamas  County was second highest, reporting 481 properties with foreclosure filings. Washington  County was third, reporting 443 properties with foreclosure filings. Fourth  highest was Deschutes County, recording 337 properties with foreclosure  filings. Jackson County was fifth highest, tallying 292 properties with  foreclosure filings for the month.

State a moderate contributor to total foreclosure  activity in October
  Oregon accounted for 2 percent of the 230,678  properties with foreclosure filings reported nationwide in October. Total U.S. activity  increased by more than 7 percent from September, but was down nearly 31 percent  from the level reported in October 2010. One in every 563 U.S. housing units received  a foreclosure filing during the month.

“The October foreclosure numbers continue to show strong signs that  foreclosure activity is coming out of the rain delay we’ve been in for the past  year as lenders corrected foreclosure paperwork and processing problems,” said  James Saccacio, chief executive officer of RealtyTrac. “However, recent state  court rulings and new state laws keep changing the rules of the foreclosure  game on the fly, creating more uncertainty in the housing market and  threatening to prolong the road to a robust real estate recovery.”

Oregon Top Foreclosure Rates By County – October 2011

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

/Natl. Avg.

/State Avg.

 

 

 

 

 

 

 

 

 

 

United States

38,451

39,282

59,380

25,941

67,624

230,678

563

n/a

n/a

Oregon

191

0

1,358

0

2,057

3,606

455

1.24

n/a

 

 

 

 

 

 

 

 

 

 

Deschutes

21

0

97

0

219

337

233

2.42

1.95

Crook

0

0

8

0

34

42

246

2.29

1.85

Jackson

12

0

91

0

189

292

304

1.85

1.49

Polk

4

0

24

0

60

88

317

1.78

1.44

Clackamas

36

0

194

0

251

481

320

1.76

1.42

 Oregon Top Foreclosure Totals by County – October 2011

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

% Chg Sep 11

% Chg Oct 10

 

 

 

 

 

 

 

 

 

 

United States

38,451

39,282

59,380

25,941

67,624

230,678

563

7.36

-30.55

Oregon

191

0

1,358

0

2,057

3,606

455

22.90

-3.63

 

 

 

 

 

 

 

 

 

 

Multnomah

44

0

319

0

329

692

458

41.51

2.98

Clackamas

36

0

194

0

251

481

320

33.61

26.25

Washington

21

0

190

0

232

443

471

9.65

-2.42

Deschutes

21

0

97

0

219

337

233

8.36

-28.60

Jackson

12

0

91

0

189

292

304

19.67

10.61

 

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