Incentive to Sell Homes in Short Sale

Bank of America has introduced a program in Florida that offers home owners as much as $20,000 to short sale their homes.  The program which was introduced last week through emails to select realtors in Florida is just a trial to gauge interest.  Short sale offers on homes must be submitted by the homeowner to […]

Fighting Foreclosure Evictions in Oregon

  An Oregon woman successfully fought her foreclosure eviction against Wells Fargo last week.  To my knowledge she is the second Oregon borrower to do so this summer.  In both cases the borrowers were allowed to stay in their homes because the evicting bank was unable to provide a clear title to the home.  In order […]

Are Oregon Foreclosures Moving to Courts?

Oregon is one of 24 states where foreclosures are not required to be heard before a judge.  According to a story in The Oregonian that could be changing.  At this point there is no new law in the works to force foreclosures to be handled in the courts but there have been a number of rulings […]

Banks Slower to Foreclose

  The number of foreclosures last month in Oregon fell below 1000 for the first time since February 2008 according to ForeclosureRadar.  The number of properties sold back to the bank were down 34.7%, while properties sold to third-party investors fell 17.8% from June.  This drop in foreclosures doesn’t appear to be because there are fewer […]

Foreclosure Notice via Facebook?

It sounds as if lenders in the United States could be sending foreclosure notices via Facebook in the not so distant future.  There have already been instances of borrowers being served with foreclosure notices this way in Australia, Canada, and the United Kingdom.  My first thought was, “Are they going to do this with a post to […]