In Oregon it would be a Judicial. The bank changed the locks on the property. My concern is that the bank would take a property that is new and valued at the same amount owed on the mtg. and sell if for significantly less than its value, then sue me or send me a 1099 for the deficiency. The bank won't allow me to enter the property, sell it, or even communicate with me without legal representation.

Well..if you were the owner, you would know if it was a judicial foreclosure because you would have been served with a summons and complaint. And..it the bank can elect to do a judicial or non-judicial foreclosure. The court determines the amount of the deficiency judgment in a judicial foreclosure and there would be a judgment against you. There is only a deficiency if you are not residing on the property or it is non-residential. Your other questions have to do with tax issues that are not related to your other questions. Additionally, you are entitled to speak to the banks representatives even without a lawyer. I think that you are either dealing with unreasonable people or you are confused about your rights. I highly advise you to speak to a lawyer.

Also, the bank could proceed with a non-judicial foreclosure. Banks in Oregon are choosing to move to judicial foreclosures in Oregon due to changes in the law to non-judicial foreclosures that have created more procedural hurdles to banks. In a non-judicial foreclosure, there is no right to a deficiency judgment, but the procedure is generally quicker and cheaper..