Foreclosures Decrease in Lane County

EUGENE, Ore. — A new report says certain kinds of foreclosures are decreasing in Lane County. 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 … Continue reading »

Judicial Foreclosures on the Rise

EUGENE, Ore. — The housing market looks promising for 2013 with home prices rising in Lane County, but a new way of approaching foreclosures has the potential to create a pretty big backlog. Sergeant Brian Smeltzer with the Lane County Sheriff’s Office is tasked with processing foreclosures. In the past few months, his workload has … Continue reading »

Judicial Foreclosures Rising in Oregon

EUGENE, Ore. — New legislation is prompting lenders to take on new tactics to get paid for home mortgages. Eugene-based Gorilla Capital says it’s more difficult for lenders to just foreclose on properties now. Instead, they’re suing to get their money through what’s called a judicial foreclosure. In October, 17 notices of default were recorded. … Continue reading »