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Lender Mediation Now Required Before Residential Trust Deed Foreclosure
On June 4, Governor Kitzhaber signed Senate Bill 558 which now requires mortgage lenders to offer a “resolution conference” with the homeowner before recording a “Notice of Default” to initiate a non-judicial foreclosure or before filing a lawsuit to initiate…
Be Careful With Short Sales and Loan Modifications
In an effort to avoid a foreclosure on a home, many homeowners look to short sales and loan modifications. While it is true that short sales and loan modifications can help prevent foreclosures, they can produce nasty surprises come tax…