Dealing With Foreclosure in Oregon Part VIII: How do the debts of a spouse or ex-spouse affect me?
May 06, 2010
#8. How do the debts of a spouse or ex-spouse affect me? Many
people do not understand how the law treats debts of a spouse. Usually,
you are not liable for the debts of your spouse or partner, alt...
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Dealing With Foreclosure in Oregon Part VII: Should I file for bankruptcy, and when?
May 06, 2010
#7. Should I file for bankruptcy, and when? Some attorneys are
advertising bankruptcy as a way to stop foreclosure. There are two
kinds of bankruptcy filings available to individuals for personal d...
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Dealing With Foreclosure in Oregon Part VI: Will I owe tax on my debts after foreclosure?
May 06, 2010
#6. Will I owe tax on my debts after foreclosure?The federal tax
code provides that any time you are released from a debt, you must
declare that debt as income on your personal tax return for that y...
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Dealing With Foreclosure in Oregon Part V: What happens to my property debts after foreclosure?
May 06, 2010
This article is a continuation from a previously published legal guide.
#5. What happens to my property debts after foreclosure? So lets
say your home is worth $300,000 on the open market, and you o...
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Dealing With Foreclosure in Oregon Part IV: Do I have any legal defenses to a foreclosure?
May 06, 2010
This article is a continuation from a previously published legal guide.
#4. Do I have any legal defenses to a foreclosure? A
foreclosure proceeding must follow strict rules in order to be
enforceabl...
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Dealing with Foreclosure in Oregon Part III: What is a Deed in Lieu of Foreclosure?
May 06, 2010
This article is a continuation of a previously published legal guide.
#3. What is a deed in lieu of foreclosure? If your lender wont
agree to modify your loan, and you cant short sell your home, som...
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Dealing With Foreclosure in Oregon Part II: How Does a Short Sale Work?
May 06, 2010
This entry is a continuation from Part 1, posted earlier.#2.
How does a short sale work?A short sale is when your bank agrees to
release you from your mortgage debt when you sell your home for less ...
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Dealing With Foreclosure in Oregon Part I
May 06, 2010
If you are facing foreclosure of a home or a second residence, you are
not alone. Record numbers of people just like you are struggling in
this economy with unemployment and declining property value...
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Homeowners Frustrated with the Home Loan Modication Process
May 06, 2010
In the past year, I have met with at dozens of Oregon
homeowners who are very frustrated with the home loan modification
process. There is a story I am hearing over and over again that goes
somethi...
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