Legal Question in Real Estate Law in Oregon

If my home mortgage goes to foreclosure in OR, can the bank holding my mortgage get a deficiency judgement against my assets?


Asked on 9/16/10, 8:31 pm

1 Answer from Attorneys
Daniel Meek Daniel W. Meek

Oregon has an "anti-deficiency statute," which states that, if the lender forecloses the mortgage, the lender cannot come after you for the deficiency. The 2010 Oregon Legislature amended that so it now applies also to second mortgages made at the same time as the first mortgage and involving the first mortgage lender or any associated firms.

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Answered on 9/22/10, 12:26 am


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