PDX foreclosures still rising

Home foreclosure rates in the Portland area show no signs of relief.

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While the Portland area’s mortgage defaults seemed to be leveling off in the spring, the number of foreclosures this summer is expected to increase 9 percent.

“We’re not seeing any relief,” said Sande Sivani, a consultant who researches property records and records documents for title companies. “It’s going up and up and up.”

The uptick comes as lenders, which months ago had put a moratorium on foreclosures, have grown more aggressive with struggling borrowers.

Read the full story at OregonLive.com.

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