249 properties added to Portland foreclosure list

249 Portland Properties Join Foreclosure List

PortlandForeclosure.com announces 249 properties located in Multnomah, Washington, Clackamas, Yamhill and Clark County joined the foreclosure list last week. "This week we see 9 less properties on the list, but huge drops in Clackamas, Clark and Yamhill Counties. Multnomah has about a 25 percent increase, while Washington County almost doubled its numbers," states Josh Leake, local real estate expert and mortgage loan officer.

The county break-down of foreclosures for the week of October 7th, 2009 include:

Multnomah County
109 properties, including vacant land and commercial property vs. 87 properties last week
25.3 percent increase from last week

Clackamas County
62 properties, including vacant land and commercial property vs. 86 properties last week
28 percent decrease from last week

Washington County
52 properties, including vacant land and commercial property vs. 27 properties last week
92.6 percent increase from last week

Clark County and the surrounding Vancouver Washington
13 properties, including vacant land and commercial property vs. 38 properties last week
66 percent decrease from last week

Yamhill County
11 properties, including vacant land and commercial property vs. 18 properties last week
39 percent decrease from last week

For more information on foreclosures in the Portland area go to PortlandForeclosure.com

One Million Homes in Foreclosure Process

The latest OCC and OTS Mortgage Metrics Report showed that difficult economic conditions resulted in higher rates of mortgage delinquencies and foreclosures in process, which increased to 8.5 percent and 2.9 percent of all serviced mortgages. So it looks like Portland and the Portland metro area bucked the overall trend by decreasing its troubled mortgages last month! Good news for us. To read the full report go to the OCC's website at the Department of Treasury.

Portland Declines in Troubled Property

PortlandForeclosure.com announced today that 258 properties located in Multnomah, Washington, Clackamas, Yamhill and Clark County joined the foreclosure list last week. "Week-to-week comparison shows a decline in troubled properties in all of the counties except for Clackamas," states Josh Leake, local real estate expert and mortgage loan officer.

The county break-down of foreclosures for the week of September 30th, 2009 include:

Multnomah County
87 properties, including vacant land and commercial property vs. 102 properties last week
14.7 percent decrease from last week

Clackamas County
86 properties, including vacant land and commercial property vs. 70 properties last week
22.85 percent increase from last week

Washington County
27 properties, including vacant land and commercial property vs. 40 properties last week
32.5 percent decrease from last week

Clark County and the surrounding Vancouver Washington
38 properties, including vacant land and commercial property vs. 49 properties last week
23 percent decrease from last week

Yamhill County
18 properties, including vacant land and commercial property vs. 15 properties last week
16.7 percent decrease from last week

For more information on foreclosures in Portland and the surrounding area go to PortlandForeclosure.com

Depression or recession?

A few bloggers are hashing out the semantics of depression and recession. Recently, I read a bumber sticker. For me, it sums up the debate nicely. "Recession is when you lose your job. Depression, is when I lose my job."

Millions of foreclosures coming...

Reuters reports that many more foreclosures are coming. Only 12% elgible homeowners have taken advantage of the loan modification program.

Hopefully they are wrong.

Photo used under the creative commons license from Wikipedia.

Fannie and Freddie, one year after take over

It was hard to imagine the fall from grace of the two power house corporations. Their government backing was always assumed, but the day they were raided by the government gave many investors and homeowners pause.

Here we are one year after the take-over. Are things any better? It's hard to imagine the giants ever reaching their prowess again.

Photo used under the creative commons license from Wikipedia.

Does China have a better lending system?

Huffington Post comments on the bailout and questions if China's 8 percent increase in productivity may stem from their requirement of banks lending to the people. Whereas in the US, the banks have received money with no requirement of lending out to the people.

Hmm....

Photo used under the creative commons license by Wikipedia.