Banks’ Right To Foreclose Challenged

Oregon Foreclosures
Rebecca Niday v. GMAC Mortgage, LLC *Please be sure to read the disclaimer at the bottom of the page* This landmark court case is being fought in Oregon at the state level and pertains to Banks' mortgage servicing practices and calls into question whether a given bank has met the criteria required for it to pursue a non-judicial foreclosure. With the logic following that if the Bank cannot prove that it is the beneficiary then of course it cannot foreclose on a borrower for non-payment. The Niday case argued that Mortgage Electronic Registration System (MERS for short) was a tool used by banks to exploit a loophole because MERS didn't actually own the loan. At the risk of oversimplifying, banks would name MERS as the owner of a mortgage with…
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Happy Valley Real Estate Action Report

Real Estate
The recent volume of properties sold in Happy Valley has been upbeat with values increasing modestly followed by periods of settling during hints of downward pressure. Like much of the metro area, the number of active listings available on RMLS in Happy Valley remains stubbornly low. Unfortunately, this small increase in value has not been enough to help many distressed homeowners avoid a short sale or foreclosure. Several factors are keeping real estate down including new appraisal regulations, new loan qualification standards and natural negative buyer sentiment to price increases. Upward price traction has been difficult at best with the amount of distressed properties being a key component in appraisal consideration. CoreLogic Housing Statistics CoreLogic of Irvine CA, a company that tracks each resale of the same house in the…
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Client Gets Good News

Portland Testimonials
Another Client Testimonial Upon completing a short sale transaction I ask the sellers to briefly write about their experience with us. We take pride in our work and our clients are our best reference. If you are interested in eliminating mortgage debt please feel free to contact me directly at: 503-473-8001 In The Client's Own Words. Bruce, The completion of our short sale is very good news. It is never a pleasant experience when dealing with financial institutions and all the paper work that it entails. Not to mention the road to a short sale. But with your help and guidance we were able to navigate the road in an orderly manner. These are difficult times for folks with the home foreclosures and short sales. You and your team helped…
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Portland Short Sale Realtor

Short Sales
SFR Specialists In Portland, Oregon Is Getting Relief From Mortgage Debt Your Priority? Our SFR ( Short Sale Foreclosure Resource ) designation signifies that in addition to being state licensed real estate brokers we have also completed the National Association of Realtors' SFR program. In addition to SFR certification, as specialists we have devoted countless hours to settling mortgage debt for our clients and pass this valuable experience on to home owners. As leaders and top sellers of distressed properties, we put our experience in settling mortgage debt to work for our clients in big ways; we use our successes in closed transactions to help us continually refine the best techniques and proven strategies. Furthermore, while we can't predict the future our track record with a wide variety of banks…
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