Local News

A Glimmer of Hope for Home Foreclosures

It’s a glimmer of hope in the home market. The number of foreclosures fell last moth in both the state and in Deschutes County. “I think that we have seen a stabilization in the NOD's which are the notices of default, which start every foreclosure action, have stabilized and we are starting to see a downward trend.” John Helmick of Gorilla Capital says the notices of default dropped by 20% last month in Deschutes County. He predicts that rate will stabilize for a while and then continue a slow decline.

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