The state of Oregon is known for its amazing forestry and fishing opportunities, but it also looks like it could eventually win the title for a new distinction: top foreclosures in the country.
A recent report from the U.S. Treasury Department has revealed that foreclosures in the state have jumped by 20 percent, boosting Oregon into the top three states for foreclosure, falling behind Florida and Nevada. The reason for the jump has a lot to with severe unemployment and declining home values that pushed a lot of mortgages underwater (Oregon Live).
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