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Drop in foreclosures seen across Oregon

 Posted: 12:10 PM January 14, 2014

Eugene-based Gorilla Capital reported overall foreclosure filings in a 20-county area where it operates declined from 281 in November to 277 in December.

It was the fifth consecutive month foreclosure filings declined. However, notice and sale foreclosures increased by 38 percent, while court foreclosures decreased by 18 percent for the month.

"The artificial decline in foreclosure filings continues because of new Oregon legislation that went into effect in August," Gorilla Capital CEO John Helmick said in a statement.

He expects notice and sale foreclosures to rise over the next three months and predicts Oregon will be among the few states seeing more foreclosures during 2014 than in 2013. However, the levels will not match those of 2008-10.

There were a total of 13,411 foreclosures filed in Oregon during 2013, with 90 percent, 12,080, posted between January and August.

During December there were 11 court foreclosures in Jackson County and nine notice and sale filings. Josephine County had six of each.

— Greg Stiles

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