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 balance of the loan upon sale of the collateral and because most purchasers would … [Read more...] about The Changing Dynamics in Short Sale Situations
Reaffirming Debts in Bankruptcy
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 bankruptcy. Some debtors holding collateral will try and reaffirm … [Read more...] about Reaffirming Debts in Bankruptcy
“Hunger to Hope” Food Drive
Sherman Sherman Johnnie & Hoyt, LLP joined the fight against local hunger. This year marks the 23rd Annual Rotary Food Drive hosted by nearly 200 Marion and Polk county Rotarians. The Rotary Drive, this year themed “Hunger to Hope”, is one of the … [Read more...] about “Hunger to Hope” Food Drive
Legislative Update: 2012 Senate Bill 1552 – Mandatory Mediation on Residential Trust Deeds
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 foreclosure by advertisement and … [Read more...] about Legislative Update: 2012 Senate Bill 1552 – Mandatory Mediation on Residential Trust Deeds
Salem YWCA Annual Women Helping Women Benefit Lunch
Gina Anne Johnnie, former YWCA of Salem Board Member, will be a table captain at the 16th Annual Women Helping Women Benefit Lunch on March 6, 2012, at Salem’s Conference Center. The event raises money for the purpose of providing needed services to women … [Read more...] about Salem YWCA Annual Women Helping Women Benefit Lunch