Foreclosure

Chapter 13 Can Help You Pay For A Depreciated Home

May 2, 2012

Under Chapter 13 in both Oregon and Washington, you can reclassify second and third mortgages that aren’t secured by your home’s value into unsecured debts. The reclassification means you only have to pay a portion of them. In most cases, you end up paying pennies on the dollar before getting rid of them entirely. Like [...]

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Still In Debt After Chapter 7 Bankruptcy?

April 30, 2012

Debtors who file for Chapter 7 bankruptcy aren’t necessarily off the hook. Some liens and debts can survive the Chapter 7 filing or problems can pop-up after filing that change the circumstances of bankruptcy, life happens. Debts like taxes, school loans and mortgage servicers can remain a problem since they aren’t discharged. And besides non-discharged [...]

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Oregon and Washington Foreclosure – Are Things Looking Up a LIttle Bit?

February 19, 2012

In January, 2012, 433 Oregon homes were slated for foreclosure. Though the number seems high, it represents a forty month low and a forty-five percent reduction from the same period last year. In Washington, January foreclosure filings declined by sixty percent from this same period a year ago. Though foreclosures are declining in both Washington [...]

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Fannie Mae and Improper Foreclosure

October 5, 2011

Because Fannie and its sister company, Freddie Mac, own or guarantee about half of U.S. mortgages and account for nearly all new mortgages, it is frightening to say the least that Fannie Mae turned a blindI eye to improper foreclosure practices for the better part of a decade. It appears that Fannie Mae not only [...]

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Missing Mortgage Payments from Portland to Seattle

September 22, 2011

Portland and Seattle area home owners are having a trying time keeping up with their mortgage payments. Portland, Oregon now leads the country ingrowth in missed mortgage payments since 2007. Portland is up nearly one hundred percent. Seattle for its part ranked fourth with a nearly two-thirds increase. The Pacific Northwest as a whole is [...]

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Portland Metro Foreclosure Rates

September 22, 2011

In June, the Portland metro area foreclosure rate reached its highest level in over three years. Nearly three percent of outstanding mortgages in the Portland area were in foreclosure as of July first. As in most metro areas, the highest foreclosure rates were generally in Portland’s suburbs while the more urban counties had lower rates. [...]

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