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Foreclosure

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Michaelheller48 Joined: 27 Dec 2010 Posts: 1 1.00 Dollars($)	Posted: Mon Dec 27, 2010 3:18 pm    Post subject: Foreclosure Like 0 Dislike 0 was told that in oregon as long as the current home owner stays in homer until it gets foreclosed that there would be no debt owed on the back end is thus true
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Dec 27, 2010 8:13 pm    Post subject: Like 0 Dislike 0 Hi Michaelheller! Welcome to forums! If you're current in your mortgage payments, no lender will come after you irrespective of which state you live in. However, if you're delinquent in your mortgage payments, then the lender can foreclose your property. The Oregon state laws allow the lender to come after you for the deficient balance. However, Oregon state laws also allows the borrower with a redemption period within which the borrower can pay off all the dues and claim the property. Feel free to ask if you've further queries. Sussane

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