Inquiring minds are amazed to see that Oregon now ranks third in foreclosures:
The foreclosure rate for Oregon ranks third in the country behind only Florida and Nevada, according to the U.S. Department of Treasury. And many of those homes are being lost locally in Columbia County.
The data is unsettling:
Foreclosures in St. Helens have increased by 25.9 percent in the past year, according to RealtyTrac Inc., an Irvine, Calif. real estate data services company…
Foreclosures within the urban center of Portland grew by a comparatively anemic 6.5 percent – further evidence, real estate experts say, that suburban and rural areas are being more heavily affected by foreclosures than their urban counterparts.
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