According to real estate agency Gorilla Capital, Lane County, like the rest of Oregon, saw an 86 percent drop in court foreclosures last month. They say that’s because of recent changes to state legislation.
Experts say more foreclosure notices are expected in 2014 than 2013, but not the highs saw in 2010.
“We are still in a recovery state but Oregon isn’t recovering quite as fast just due to some of these like legislative changes and the catch up that it takes to learn new systems and stuff for these trustees to catch up with the changes that have been made,” said Ally Leavitt, Gorilla Capital Marketing Manager.
In December 2013 in Lane County, there were 21 court foreclosures and 13 foreclosure notices issued.