In 2019, the Oregon legislature modified the rules for administering “small estates” of persons who die on or after January 1, 2020. By way of introduction, an estate is a “small estate” if the total value of the assets that need to be administered … [Read more...] about New Rules For Oregon “Small Estates”
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?
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?
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