The chart above is from RealtyTrac and illustrates foreclosure activity by county in Oregon. You can see that Deschutes County has one of the highest foreclosure rates per housing unit in the state. Another, less scientific reason to think that there are more bank owned homes in our future is my daily drive. There are three vacant, bank owned homes not yet on the market within a mile and a half of our home. Actually there are probably a lot more than that but I only counted those on my route. There is no way to know exactly how many homes in Bend are in the same situation but I think it is safe to say that if I can find three without trying, there are many more. Here are photos of those homes. The second and third homes have views of the Cascade Mountains.
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