Peak Sun Silicon falls hard as state begins foreclosure

Peak Sun Silicon falls hard as state begins foreclosure
On Thursday, a Linn County judge gave the Oregon Energy Department permission to foreclose on the property owned by Peak Sun, which defaulted on a $ 14 million state loan. Peak's abortive take-off and dramatic burnout testify to the rise and fall of the …
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Foreclosures going behind closed doors
A judicial foreclosure is handled by the courts, ending in a sale conducted by the county sheriff “on the courthouse steps.” Sheriff's sales of property also have required newspaper notices in the past, but the Oregon Legislature decided instead to …
Read more on McMinnville News-Register