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.