The US state of Oregon is 11th on the list of US states when it comes to the issue of foreclosures. This is as of the data emerging for the 1st quarter of 2010. There were as many as 12,076 notices of default as well as other such activities related to foreclosures in this state. This was a whopping increase from similar incidents over the same period in 2009 by 14.5%. This means that one in every 135 households in Oregon was affected by foreclosures. This is not a very healthy sign as it shows the extent of the effect of the recession which is forcing house owners to give up their lien on their houses due to foreclosures and related activity. This was a little less than the national average of one in 138, but it was dangerously close to the figure, which is really not that good.

As far as the US as a whole is concerned, around 932,200 auctions were held, which is a huge 16% rise over the last year. The severity of the foreclosures was also up, which bodes ill for the economy as a whole. All of this shows the enormity of the problem and the fact that all is not well as far as the US economy is concerned.

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