Thread: Foreclosures up 127 percent

May 13, 2009, 8:39am
Foreclosures up 127 percent

Portland Business Journal

Oregon continued to outpace the nation for foreclosure activity in April, according to RealtyTrac figures released Wednesday.

Lenders filed 3,837 foreclosure-related actions against Oregon residential real estate in April, 127 percent more than a year ago. Notices of default, auctions and repossessions affected one in every 419 homes in the state in April.

Oregon ranked 12th in the nation for foreclosure-related activity.

Washington state was 26th, with 3,359 foreclosure related actions affecting one in 817 homes, 34 percent more than in April 2008.

Nationally, foreclosure rates set an all-time record in April. RealtyTrac said there were more than 342,000 foreclosure actions against residential properties in April, 32 percent more than April 2008. Foreclosure affected one in every 374 U.S. homes.

“Total foreclosure activity in April ended up slightly above the previous month, once again hitting a record-high level,â€

Between the job losses and the forclosures, just how do they think we are stupid encough to be convinced the economy is better