Articles Tagged with Foreclosure

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Plots thicken. Yes, they do. The “little red house” saga in Portland, Oregon, is a perfect example.

One article by journalists working with Oregon Public Broadcasting (OPB) summed up What We Know So Far, as of December 10, 2020, which, as you know if you continue to follow the story, had to be updated the next day and the next day and ….

The lesson to be learned here is always to listen, breathe, stop, read, research, listen, stop, sleep, read, and breathe again before you decide where you stand on an (or any) idea, news story, or shouted slogan.

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Oregonians who are facing foreclosure on their homes – or who are attempting to avoid foreclosure – have several resources available that may be immediately helpful. In the past few years, many state/federal agencies and other organizations have partnered together in an effort to help homeowners, so some overlapping of information is to be expected. Consider looking at both regional and national sources for comprehensive options.

OREGON

State of Oregon Foreclosure Help

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The following resources will be of use to attorneys, self-represented litigants, and attorney clients:

1) “Handling a Foreclosure Case,” OSB CLE, May 17-18, 2012

Non-judicial, judicial, contested, uncontested, deeds in lieu of foreclosures, and much, much more are discussed in this 2-day CLE. (Some Oregon county law libraries will have the 2-volume course-book from the 2012 CLE.)

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Update: See “Oregon Supreme Court will tackle MERS foreclosure issues,” by Brent Hunsberger, The Oregonian, July 19, July 20 (print edition), 2012.

For the decision AND an overview of Oregon’s nonjudicial foreclosure laws:

Rebecca Niday v. GMAC Mortgage, LLC (A147430) (from Clackamas County Circuit Court)

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Eminent domain often gets a bad rap, sometimes for good reasons, but … would you consider this creative idea?

“Housing’s Last Chance?” by Joe Nocera, New York Times, July 9, 2012

“.… It has also been clear for some time that the best way to keep troubled homeowners in their homes is by reducing the principal on their mortgages, thus lowering their debt burden and more closely aligning their mortgage with the actual value of the home.

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Oregon’s Department of Housing and Community Services Oregon Homeownership Stabilization Initiative:

Homeowners can apply online for the Mortgage Payment Assistance program at oregonhomeownerhelp.org. Applications for the program will be accepted until Jan. 14, 2011.

Homeowners who need help immediately should call 1-800-SAFE NET (1-800-723-3638).

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As a blogger with a busy “day-job,” I really appreciate it when others do the research for me.

Oregon attorney blogs and consumer and financial law websites offer a wealth of useful information, e.g.

1) Foreclosures: Attorney Ben Knaupp has been blogging a lot about foreclosure law, including an 8-part series on: Dealing with Foreclosure in Oregon, that he ran in October and September 2009.

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A new entrant into the Oregon lawyer blogosphere: Ben Knaupp, aka Lawyer Ben.

He’s been blogging about consumer and small business real estate issues with a recent focus on homeowners facing debt and foreclosure, with a recent 8-part blog series on Dealing with Foreclosure in Oregon.

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Today’s Oregonian has an editorial by Oregon Senator Bonamici and Portland City Commissioner Nick Fish about Senate Bill: 2009 SB 952 (A-Engrossed) in PDF or HTML:

Excerpt from the editorial: Renters, too, can face the hit of foreclosure:

Losing a home to foreclosure can be devastating. Typically, homeowners come to mind when we think of foreclosure. But the fact is, many foreclosed properties are places that renters call home, too….

The Oregon Legislature is working on Senate Bill 952 to protect tenants whose homes are in danger of foreclosure. This bill would require that in addition to the property owner, tenants be provided with foreclosure notice. Tenants without a lease would receive 30 days notice. Tenants with a lease would receive up to 60 days notice. SB 952 also protects tenants’ security deposits, requiring that landlords in foreclosure apply the deposit toward rent. The bill gives tenants time to look for a new home and save money for expenses….”
(read full editorial)

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