The lead article in the Bulletin today, "FORECLOSURES SET TO STRAIN COURT." 10/11/12.
As I mentioned the other day, it didn't make sense that there could be a shortage of houses for sale in Bend.
Just didn't make sense.
My guess was that the banks weren't foreclosing as fast as they could.
Apparently, I was more right than I knew. Because of difficulties in record-keeping, the foreclosure process in Oregon has moved to a "judicial" process, rather than an extra-judicial process. Which has slowed things down tremendously, apparently.
About the only thing that is clear to me, is that the whole thing is a mess.
I figure there are a lot more where those came from.
3 days ago