Law Offices of Adam M Weiner BBB Business Review
Free & Confidential Consultations
Call Today! 503.719.5123
  • Home
  • /Archive by category ' Real Estate '

Archive For: Real Estate

Foreclosure Timing in Oregon

Foreclosure Timing in Oregon

by Adam Weiner

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.
 
Mortgages and Bankruptcy

Mortgages and Bankruptcy

by Adam Weiner

When someone files a chapter 7 bankruptcy, all liabilities and assets (including the approximate quick liquidation value of the assets) are included in the bankruptcy petition. The liabilities listed include everything, including non-dischargeable debt (among other things, certain taxes are not dischargeable, student loans are generally non-dischargeable, child/spousal support is not dischargeable).
 
Will I Lose My House If I File Bankruptcy?

Will I Lose My House If I File Bankruptcy?

by Adam Weiner

When someone files a bankruptcy there are different exemption amounts for different assets. The exemption amount for a residence, also known as the homestead exemption, is $40,000 for single filers and $50,000 if the debtors are married, jointly own the property, and it is a joint filing.
 
Special Way Chapter 13 Saves Your Home

Special Way Chapter 13 Saves Your Home

by Adam Weiner

IF all of the equity in the home is completely covered by the “senior” mortgage(s), leaving not a penny of equity to cover the next-in-line mortgage or line of credit, then in a Chapter 13 Bankruptcy the junior mortgage and/or line of credit can be stripped away.
 
Paste your AdWords Remarketing code here