Foreclosures spiking in Eastern Oregon county

PENDLETON, Ore. — Real estate agents and a housing counselor in Eastern Oregon’s Umatilla County say foreclosures are spiking.

They tell the East Oregonian one reason for a jump in foreclosures is attention from big banks that hadn’t paid attention to smaller markets.

The paper reports foreclosures this year have already eclipsed last year’s count and are on pace to be the third-highest of the last decade. Among the 212 active judicial foreclosures in the county are 59 in Hermiston and 51 in Pendleton.

Denise Jerome, housing solutions manager for Community Action Program for East Central?Oregon, says two-year jobless benefits have run out, some people haven’t made payments for a long time, and banks hadn’t made a priority of them.

More in Herald Business Journal

With surging Amazon stock, Bezos now worth more than $100B

It’s the first time anyone has crossed the $100 billion threshold since 1999.

Small retailers aim for emotional ties big chains may lack

“Put yourself into the community more and the money will come back to you.”

Even in the Amazon era, Black Friday shows stores are alive

Industry analysts are watching how the nation’s malls fare this holiday shopping season.

Japan’s Mitsubishi Materials reports faked quality data

The company makes components used to make autos, aircraft and electricity generation equipment.

Restaurant owners finding strong appetites in Detroit

The former manufacturing and car-making city is remaking itself into a technology hub.

A look at what some stores have planned for Black Friday

With unemployment low, stores are hoping customers are in a mood to shop.

Boeing bolsters team for potential 797 with leading engineer

Terry Beezhold has been chief project engineer for the 777X program.

Uber paid off their hackers — they’re far from the only ones

“More and more companies have their own Bitcoin wallets for such cases.”

Airline defendants to pay $95 million in 9/11 settlement

The litigation claimed that security lapses led the planes to be hijacked in the Sept. 11 attacks.

Most Read