Tanja was awarded as one of The Register Guard’s Up and Coming Business Leaders in Eugene-Springfield area this month. The below links are to articles on this award and Tanja’s accomplishments:
Community Leaders: Awards Banquet Honors Young Lane County Professionals
By Kate Berry, American Banker
September 9, 2011
Freddie Mac said it will not dramatically discount its backlog of foreclosed homes, arguing that such steep price cuts could destroy the housing market.
The government-sponsored enterprise told investors this month that it is currently selling 90% of its real estate-owned properties at asking prices and is not considering “significant discount pricing,” according to a letter obtained by American Banker.
Such discounts could help Freddie rid itself of its backlog of foreclosed homes. But dumping so many properties at once could also drive down housing prices broadly and harm the greater economy, a Freddie spokesman told American Banker.
“We absolutely don’t want to tank the housing market,” spokesman Brad German said. Read the rest of this entry »
Monday, September 05th 2011 11:47am
The troubled housing market is ground zero for our struggling economy. An Oregon company that tracks foreclosures in the state, says we may have hit bottom. Since 2007, more than five million Americans have lost their homes to foreclosures or short sales. Some economists estimate another five million may lose their homes before the crisis is over. John Helmick with Gorilla Capital, that tracks foreclosures in Oregon says its important many of these foreclosures go through. “So while government is trying to help people avoid foreclosure, their actions are only extending the foreclosure crisis by keeping home prices down, more people are entering foreclosure.” Helmick believes we are at the bottom when it comes to foreclosures in Oregon. He says for the last fifty years, when median home prices are around three times the median household income, that’s when the housing market stabilizes.
David Nogueras | August 22, 2011 | Bend, OR
Foreclosures in Central Oregon continued to drop last month. Now a Eugene-based company that buys foreclosed homes at auction seems prepared to call it a trend.
Gorilla Capital doesn’t track foreclosures in the Portland metro market. But it does in 17 Oregon Counties.
CEO John Helmick says 14 of those saw a decrease or no change in month-to-month notices of default. That’s the filing that starts the foreclosure process. In Benton, Jefferson and Klamath counties notices of default dropped 62 percent or more. Moreover says Helmick, year over year filings have dropped in every county Gorilla operates in. Helmick believes the market is beginning to run out of the no-money-down, loosey-goosey mortgages that fed the housing boom.
“The bad loans were made in 2005, 2006, 2007 and a little bit in 2008. And those are the loans that are ones that are being foreclosed on,” Helmick said.
Hemlick says while the market is improving, he thinks a full recovery might remain elusive as long as unemployment remains high.
© 2011 OPB
Monday, August 22nd 2011 10:27am
A Eugene company that tracks foreclosures across the state saw them drop again in July. Gorilla Capital says in July in Deschutes County, notices of default were down 22%. John Helmick with Gorilla Capital says these latest numbers are a good sign. “What I like is year over year all the numbers are going down. From July 2010 to 2011, its down 64% in Crook County, down 54% in Deschutes County and its down 78% in Jefferson. Of the 17 counties, where Gorilla Capital tracks foreclosures, 14 counties saw a decrease or no change in month to month foreclosure filings.
8/10/2011
By Jes Burns
Foreclosure rates in Oregon dropped by nearly 30% between June and July. Eugene-based Gorilla Capital says Benton, Jefferson and Klamath counties saw the greatest declines in foreclosure filings. But Coos, Josephine and Lincoln counties all saw increases.
In a statement, Gorilla Capital CEO John Helmick said this is all part of a trend towards fewer foreclosures that began last fall. July’s 623 statewide foreclosure filings is a 50% drop from that month last year.
But According to realty Trac, oregon still has a higher than average rate – with one in every 600 housing units being foreclosed on in June.
By Kate Renner, August 10,2011
LANE COUNTY, Ore. — Foreclosure rates all across the state dropped significantly in the past month.
Lane County saw 33 percent fewer foreclosures in July than in June.
Compare this July to last July, and that number dipped 60 percent.
“The trend we’ve seen in the last nine months is powerful. From 2007 we only saw increases in the number of foreclosures. In the last nine months we’ve only seen decreases in the number of foreclosures being started. I think that really bodes well for the long-term real estate market here in Lane County,” said John Helmick, Gorilla Capital.
Douglas County dropped 33 percent from last month.
Linn County saw 40 percent fewer foreclosures.
And Benton County dropped a whopping 62 percent since June.
According to Gorilla Capital, the rest of the real estate market should improve.
Gorilla Capital tracks distressed real estate in Oregon counties as foreclosed properties are digested through the real estate market.
Private 150: Oregon’s top privately held companies
Monday, June 27, 2011
By By Brandon Sawyer
It may not be robust, but Oregon’s top privately held companies seem to be experiencing recovery. Average annual revenue for 2011’s top 150 grew 7.7% to $213.4 million. Total revenue was $32.0 billion versus $29.7 billion last year, well short of the $39.8 billion from three years ago, but an improvement nonetheless. Companies with more than a billion in revenue increased to five this year from just two in 2010. In terms of jobs, the Private 150 employ 49,521 in Oregon, or an average of 330 per company. Worldwide they employ 136,821 for an average of 912 per company.
Many private companies keep their revenue, employment and other information under wraps, so there are some big companies missing from our list, making the statistics more hunch than hard fact. Yet many companies that we’ve never listed, or who declined to participate last year, decided to be included this time. Among them are: early childhood education provider Knowledge Universe-U.S., No. 2; regional beverage distributor Columbia Distributing Co., No. 13; Stimson Lumber Co., No. 19; and high-end optical scope maker, Leupold & Stevens, No. 39. In total, 23 companies were not listed last year. Read the rest of this entry »
http://kezi.com/news/local/214362
Are foreclosure numbers in Lane County up or down? That depends on whom you talk to.
Three different reports show very different numbers. A report out Monday by Realty Trac says Oregon foreclosures jumped 236 percent in April. Another one says they’ve increased, but only by a half of a percentage point from about this time last year. And a real estate expert in Eugene says both are misleading.
Gorilla Capital CEO John Helmick in Eugene says that 236 percent figure is technically accurate, but he says it’s because banks didn’t file any foreclosures for the past nine months, then refiled everything in April. He says they didn’t file for that stretch because the attorney general criticized banks for not properly reviewing files, so they stopped for nine months and just started back up again. Read the rest of this entry »
Join Gorilla Capital, proud sponsor of local UFC fighter, Scott ‘Young Guns’ Jorgensen, at Buffalo Wild Wings in Meridian, ID as we support him in his UFC Tuf Finale Bout vs Ken Stone this Saturday night!
The event kicks off June 4th at 6:45 p.m. at the Eagle Road location. There will be t-shirts, personally autographed pictures of Scott and other swag, not to mention great food and an unbeatable atmosphere!
Follow Scott and Gorilla Capital on twitter (@scottjorgensen; @gorillacapital), and facebook!
