Prior to January, 2020, as a creditor with a lien on real property, you could not obtain a payoff directly from any other lien holder on the same property, without obtaining consent from the borrower. However, under House Bill 2459, … [Read more...] about Junior Lienholders May Now Obtain Senior Lien Payoffs
If you’re a landlord in Oregon, either by choice or happenstance, your most worrisome concern is probably what happens if a tenant won’t leave at the end of the lease term or after an eviction notice is served. There are horror stories galore and, … [Read more...] about Your Tenant Actually Moved Out, Now What?
An often-overlooked issue regarding real property is whether the lot or parcel being conveyed was legally created. Oftentimes a lot or parcel is sold multiple times, among multiple parties, leading everyone involved in the transaction, the buyer, … [Read more...] about Is Your Lot Legal?
In Oregon, attention must be paid in drafting loan documents and identifying the date final payment is due (the “Maturity Date”). In loans secured by real property, the Maturity Date should be included in any recorded mortgage, trust deed, … [Read more...] about Secured Transactions and Maturity Dates
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?