Articles Tagged with Foreclosure

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An event in the Portland metro area (previously blogged about), open to all Oregonians, to assist people who facing possible foreclosure:

Home Ownership Preservation Event

FREE
Open to the public
Saturday, May 2, 2009
10 a.m. to 7 p.m.
Portland Memorial Coliseum
300 Winning Way, Portland, OR 97208
Free parking
On the TriMet MAX line, Rose Quarter Transit Center

To register, please click here or call (in Salem) 503-947-7854 or 503-947-7068. Please note that childcare will not be provided.

Other foreclosure posts on the Oregon Legal Research blog.

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The Oregon State Bar (OSB), Winter 2009 issue of the Debtor-Creditor Section newsletter (online only to section members) has a sobering article by Oregon attorney Terrance J. Slominski:

Foreclosure Rescuers: Good Samaritans or Scam Artists?” with a description of 4 categories of foreclosure scams, including: Sale-Leasback, Equity Stripping, Loan Modification, and Stealing the Home.

These sound harmless enough, don’t they? Beware. Please talk to an attorney who is qualified and experienced in creditor-debtor matters if you have serious financial problems.

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May 2, 2009: Foreclosure Prevention Event at the Memorial Coliseum (Oregon)

If you haven’t quite grasped the magnitude of the foreclosure problem, notice that this is a foreclosure “event” (not a “meeting,” a “presentation,” or “seminar,” but a foreclosure EVENT) that is being held in the Memorial Coliseum, which has a seating capacity of over 12,000.

Save the Date:
Saturday, May 2
Come to a Foreclosure Prevention Event at the Memorial Coliseum
Sponsored by:
City of Portland
Oregon Department of Consumer & Business Services
Federal Reserve Bank of San Francisco
For more info call (503) 823-3486

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Was it Kierkegaard who said: “Life is lived forward but understood backward”?

In any case, the sentiment comes to mind when reading this article reprinted in Sunday’s print Oregonian Business Section:

Three words fend off foreclosure: Produce the note,” by Mitch Stacy (AP)

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Oregon, and especially the Portland-metro area, is awash in lawyers talking about the law to all and sundry – for no charge. (You don’t even have to buy them lunch – how much better than that can it get?)

There are pedestrian and bicycle legal clinics, bankruptcy clinics, small business legal clinics, homebuyer clinics, patent law programs (e.g. at CubeSpace), expungment clinics, and many more.

You just need to know where to look for the announcements. Despite what you think, many lawyers are just not that good at marketing. Until some of us figure out a way to maintain a website or blog where these programs can be posted, here are some tips on how to find them. Like most things that are worthwhile, it will take some effort, but it may surely pay off in the end:

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Lots of people think that answers to legal question are online. Hah!

Law librarians and lawyer know that few, if any, answers to legal “questions” are “online.” “Laws” are online (e.g. the ORS), but answers to legal problems are not; answers require research, study, synthesis, conclusions, negotiation, more research, study, and great leaps of faith, not to mention luck. (An appellate attorney in the family doesn’t hurt either, especially one who owes you a favor.)

This question, about vacating property, we got the other day, along with about a zillion other bankruptcy, foreclosure, interest rate, credit card, and debt related questions. Welcome to 2009.

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Now if only we could stop looking to Congress to come to our rescue (Congress? To the rescue? Good grief!) from the stock market fearmongers and foreclosure doomsayers (and yes, Congress does have a role in fixing some problems, but so do we!) — but let’s also keep moving along with a little education and self-help of our own:

In my previous post on foreclosures in Oregon, I mentioned that the Oregon State Bar (OSB) was about to release two new Legal Links programs. They are out now – yeah! – and you can view them online – no TV required (Yeah! Feb 2009 is fast approaching and my 23 year-old TV is toastwhat a recycling/landfill nightmare that’s all going to be in March 2009).

From the OSB public service webpages:

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Add the following to my previous post on Foreclosure research.

A USA Today story on Oct. 24, 2008, Programs are available to help struggling homeowners, by Anna Bahney and Barbara Hagenbaugh, tells of these national programs: Hope for Homeowners, Hope Now Alliance, Bank of America, and Indymac Federal Bank, and has web links to all.

Also, more foreclosure information can be found at the National Consumer Law Center, and, especially for non-lawyers, see their Consumer Education brochures.

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Legal Research Tip: When doing your research, remember, keep notes on who you talked to and when (even what time!), what was said, what website, book, or brochure you looked at, who you want to contact next, etc.

And away we go:

GENERAL INFORMATION ON FORECLOSURE:

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Are you wondering if the builder of that house or development you just moved into is going to declare bankruptcy or otherwise disappear before you finish painting your new kitchen?

I’m still waiting on some calls back from a few experts for more information, but here is what has been recommended to me so far (not all of the following will apply to your specific situation, so use your judgment):

1) Don’t assume the worst, at least not at first, but do your research, soon. And, as with any research, keep good notes on when, where, what, who, every step of the way:

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