Oregon Foreclosures Fall in October

Oregon reported 3,160 properties with foreclosure filings in October, down 9 percent from the previous month, but still 11 percent above the level reported in October 2008, according to the latest RealtyTrac® U.S. Foreclosure Market Report. “Oregon welcomed a drop in foreclosures in October, though activity remained above the level reported for this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “While the state’s unemployment rate remained flat at 11.3 percent for the month, it is much worse than that of the nation and therefore a cause for concern among homeowners.”  View the full report