Foreclosure Timing in Oregon

By |2014-12-24T01:29:17-08:00March 25th, 2013|Adam Weiner Bankruptcy Attorney Portland, Adam Weiner Bankruptcy Lawyer, Foreclosure, Mortgages, Real Estate|

In Oregon, banks have traditionally chosen to non-judicially foreclose on homes after a period of default on the mortgage payments (non-judicial foreclosures can be quicker and less costly than judicial foreclosures). There is no law that requires the bank to foreclose within a certain period of time. Indeed sometimes many months or years pass before the bank gets around to beginning the foreclosure process.

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