July 15, 2014 Contact: Ally Leavitt, Gorilla Capital, (541) 344-7867, ally@GorillaCapital.com
EUGENE— Foreclosure filings in Ada County increased 15% in July as compared to June, while in Canyon County filings stayed about the same according to Gorilla Capital, Idaho’s leader in buying, redeveloping and selling distressed homes. Foreclosures in the two counties are down 52% compared to the same time last year.
Seventy-six NODs were filed in Ada County while 42 were filed in Canyon County. All tallied for the month, there were 118 foreclosure filings in the two counties combined compared to 111 in June, 106 in May, 104 in April, 147 in March, 119 in February, 121 in January, and 204 in December 2013. In July and June, 100% of the homes purchased in the two counties were vacant “Zombie” homes compared to 83% in May and April, 43% in March, and 64% in February.
“As we get closer to school starting, we’ll see more foreclosure filings and then may be another decline before filings pick up again by the end of the year,” said Ryan Strasshofer, Gorilla’s Idaho President. “Because the foreclosure system has been working in overdrive the past few years, there can often be lag time before the filing is actually made and there is no question the market continues to heal as compared to 2013.”