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foreclosures

Sep 8, 2010

Oregon receives $5M to buy foreclosed properties

Oregon Housing & Community Services today received $5 million in federal funds for the department's Neighborhood Stabilization Program.

Aug 13, 2010

Foreclosure prevention money adding to the shadow inventory

Earlier this week Oregon received another $50 million in federal foreclosure prevention money because the state is one of 17 that have an unemployment rate higher than the national average. […]

Aug 13, 2010

Foreclosure prevention money adding to the shadow inventory

Earlier this week Oregon received another $50 million in federal foreclosure prevention money because the state is one of 17 that have an unemployment rate higher than the national average. […]

May 19, 2010

Banks now less likely to amend and extend

A growing number of lenders are starting to clamp down on commercial property owners who are behind on their mortgage payments. For the past two years, many lenders were inclined to "amend and extend," an industry tactic used to prolong the maturity of the loan in exchange for better terms. The idea was that lenders would have a better chance of receiving full value of the loan if the borrower wer[...]

Jan 8, 2010

Large foreclosure sales predicted in 2010

Two large real estate transactions involving foreclosed properties occurred at the end of the fourth quarter, representing what Colliers International believes to be the beginning of a rush of such transactions in 2010.



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