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Some Foreclosed Homes in Oregon Are in Question


The status of hundreds of foreclosures in Oregon seem to be in question, and Central Oregon realtors are waiting to see what happens next. Realtor Tom Green says banks seem to want to slow down and make sure all paperwork is accurate and all procedures have been followed before they proceed: “It’s those homes where banks have canceled basically the notice of default that they sent out to a lot of homeowners. We were hearing numbers Monday of 300, this morning we were hearing during an MLS meeting that 66 homes last Friday had their foreclosure notices cancelled.” Green says how this plays out will affect how many homes are on the market this summer, and that will affect prices at that time. Green says in some other states, lucky homeowners have received their homes free and clear because vital paperwork had been lost.

 

 

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