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.
Are you considering filing for bankruptcy in Oregon? Then, you probably have questions. Please give us a call or use this form to tell us about your situation. We’ll take the time to answer your questions and discuss your options.
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PORTLAND OFFICE: Liberty Centre, 650 NE Holladay St, Portland (503) 487-8973
NW Debt Relief Law Firm is a Debt Relief Agency. Where appropriate we file petitions for relief under the Bankruptcy Code solely for consumers in the District of Oregon. We represent both Oregon and Washington consumers in collections law suits in Oregon and Washington state courts.