The 10,000-square-foot estate home in West Linn comes loaded with Mount Hood views, three wet bars and nanny quarters. It once fetched $3.3 million.
The neoclassical Italian-style villa in the West Hills: $1.4 million.
The 17th-floor riverfront condo in South Waterfront: $798,170.
All were coveted properties during Oregon's housing boom.
Today, all fester in foreclosure.
Oregon has so far dodged the mass defaults and plunging home values that plague parts of the country. Through September, Oregon had the nation's third-lowest rate of delinquent loans, and the rate remains far below the state's highs from the 2001 and 1980s recessions, according to the most recent figures from the Mortgage Bankers Association.
But more recently, real estate brokers who specialize in foreclosed homes say the nation's foreclosure troubles have crept into the Portland area.
?
Bill Ridge would qualify as a mortgage expert.
He owns dozens of rental properties, and his Ridge Mortgage Services in Tigard specializes in financing investor home purchases across the country.
In 2006, Ridge thought he saw a deal on the banks of the Willamette River.
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