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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What Title Insurance Doesn’t Cover

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Too often parties to a real estate transaction assume because they have title insurance they are protected from any defects in the title and all claims from third parties. Unfortunately, this is … Continue reading

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Avoid Unpleasant Springtime Tax Surprises

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This is the time of year when last year’s taxes weigh heavily on the minds of many. For most of us, there is not much we can do at this point to … Continue reading

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The Changing Dynamics in Short Sale Situations

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A short sale is the sale of property for an amount less than what is owed to the lender whose loan is secured by that property. Because most promissory notes accelerate the … 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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