City officials in this booming Pacific Northwest metropolis have developed a plan to foreclose on so-called 'zombie homes' for first time in 50 years as Portland grapples with a swelling population and skyrocketing home costs that threaten to lock new homeowners out of the market. The City Council will vote Wednesday on whether to foreclose on five nuisance properties so they can be restored with the goal of freeing up housing for buyers in an overheated market.

Foreclosure News



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