Oregon Chapter 13 Bankruptcy for Homeowners New and Improved

//, Washington - Chapter 13/Oregon Chapter 13 Bankruptcy for Homeowners New and Improved

Oregon Chapter 13 Bankruptcy for Homeowners New and Improved

The Oregon Bankruptcy Court’s recent ruling in In Re Watt requires a mortgage holder to accept title to a home surrendered in chapter 13 bankruptcy. Prior to In Re Watt, a borrower could surrender a home in Chapter 13 bankruptcy but wait for months, if not years, on end while the mortgage lender took its time foreclosing on the property. This was a particularly cruel fate for Oregon debtors with ongoing HOA obligations, but really a hardship for just about any Oregon homeowner/Chapter 13 debtor hoping to walk away from a property and really start over.

Oregon consumers who are currently in confirmed Chapter 13 bankruptcy cases should contact their attorneys to determine whether they now have the ability to force their lenders to take back the house.

2018-05-15T00:37:26+00:00

FREE BOOK OFFER! (a $29.95 value)

The Benefits of Bankruptcy
You always hear scary things about filing bankruptcy, but the truth is, most people with debt problems benefit from it. This book dispells the myths and tells you how bankruptcy can put you back on the road to financial success.
DOWNLOAD NOW!
Written by Tom McAvity, Esq., bankruptcy lawyer
close-link
Call Now