All Lenders Should Be Aware of the MERS Decision

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On July 18, 2012, the Oregon Court of Appeals decided Niday v. GMAC Mortgage, LLC which impacts all lenders, even those who do not participate in the MERS program.  Essentially, the Court … Continue reading

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How Does SB 1552 Affect Individuals Holding Trust Deeds?

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Signed into law earlier this year and taking effect July 11, 2012, SB 1552 creates a statewide foreclosure mediation program and significantly alters the mortgage foreclosure process in Oregon for beneficiaries (lenders) … Continue reading

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Reaffirming Debts in Bankruptcy

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Despite the drop in the number of Chapter 7 and Chapter 13 bankruptcy filings in 2011, the projections for 2012 are bleak. For creditors, that means continuing to navigate the rules in … Continue reading

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Legislative Update: 2012 Senate Bill 1552 – Mandatory Mediation on Residential Trust Deeds

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In its closing hours, the 2012 Oregon Legislative Assembly enacted Senate Bill 1552, which generally requires larger volume home lenders to enter into mediation with defaulting borrowers prior to commencing trust deed … Continue reading

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