Foreclosures jump statewide


The foreclosure rate in Oregon jumped in April compared with a year earlier, while the Portland area and across the country fell slightly.

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The foreclosure rate in the Portland area and across the country fell slightly in April compared with a year earlier, but jumped in Oregon as a whole.

According to CoreLogic, a Santa Ana, Calif., data firm, the Portland-Vancouver-Hillsboro foreclosure rate fell to 2.5 percent in April from 2.52 percent in the same month a year earlier. The rate measures the percentage of mortgaged homes in any stage of the foreclosure process.

The Portland-area rate is influenced by lower foreclosure rates in Clark County. Foreclosure rates were higher in east Portland and Gresham, western Washington County and Clackamas County.

Read more in today’s Oregonian.


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