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Archive Home > 2011 > June > 12 > Foreclosures surge 287%

Foreclosures surge 287%

Banks are picking up the pace after federal scrutiny of automated systems

By Ed Merriman / The Bulletin
June 12, 2011

Foreclosure notices filed in April soared by 287 percent in Deschutes County and by 236 percent statewide in Oregon, according to the Bratton Report released Wednesday.

The big surge in default filings reflect a backlog of foreclosures that had been stalled since last fall by federal regulators....

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