Oregon’s Foreclosure Rate Falls in July

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.

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