Land sale contracts, lease/options, and seller-financing all allow a buyer to acquire an interest in property while leaving the seller with title or another form of security. So what purposes are served by each? For a seller, a land sale contract … [Read more...] about Land Sale Contracts, Lease/Option, or Seller-Financing – Which Agreement Should You Choose?
You are buying (or selling) a home (or business property), or you are entering into a long-term (for example, 50 years, 99 years) lease of property. On such a sale, Oregon law requires that either the land sale contract or a memorandum of the contract … [Read more...] about Should My Land Sale Contract or Long-Term Lease Be Recorded?
Counties across Oregon are required to begin foreclosure proceedings if the oldest unpaid tax year is three or more years delinquent. Following foreclosure, there is a two year redemption period during which certain interested parties may bring the … [Read more...] about Buyer Beware: The Not So Great Deal of a Tax Foreclosure Sale
Mark Hoyt combines service to the legal profession with a commitment to the community of Salem and Willamette University. A partner in the Salem law firm of Sherman, Sherman, Johnnie & Hoyt, LLP., he represents businesses and individuals in all … [Read more...] about Mark Hoyt Receives 2017 Lestle J. Sparks Medallion from Willamette University
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) and grantors (borrowers). The Act … [Read more...] about How Does SB 1552 Affect Individuals Holding Trust Deeds?