Oregon foreclosures increase 236 percent


Oregon foreclosure filings jumped 236% in April, from 1,100 to 3,700.

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Oregon foreclosure filings jumped 236% in April, from 1,100 to 3,700, according to foreclosure data tracker ForeclosureRadar.com.

The surge in “notices of default” comes from one loan servicer — Bank of America Corp.’s foreclosure arm, ReconTrust Co.

And it follows a jump in cancelled foreclosures filed by ReconTrust in late February and March. Those followed rulings by federal judges halting out-of-court foreclosures in Oregon, saying lenders failed to follow state recording law.

Read more at OregonLive.com.

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