Portland Metro Foreclosure Rates

//Portland Metro Foreclosure Rates

Portland Metro Foreclosure Rates

In June, the Portland metro area foreclosure rate reached its highest level in over three years. Nearly three percent of outstanding mortgages in the Portland area were in foreclosure as of July first.

As in most metro areas, the highest foreclosure rates were generally in Portland’s suburbs while the more urban counties had lower rates.

This ugly trend will escalate in the coming year as a great many lenders will be increasing their foreclosure efforts.

2011-09-22T23:44:40+00:00

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