Fourth Quarter 2012 Foreclosures

economy, Oregon Foreclosures
An audit of newly filed judicial foreclosures in Multnomah, Clackamas, and Washington Counties during the 4th quarter period of 2012 clearly reflects the fact that distressed property owners remain in need of professional short sale real estate services. Banks are encouraging distressed homeowners in Oregon to seek short sale agents (SFR) to eliminate and settle real estate mortgage debt rather than the expense of a judicial foreclosure or notice of default procedural foreclosure. Short Sale Transactions have proven far more beneficial than foreclosures for both home owners and banks. With today‚Äôs home values similar to values of 2003 we have a ways to go before we reach a full housing market recovery as distressed property owners owing more on home mortgages than market sale price will deliver still represent a…
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