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Real Estate & Property Law

: The Home Equity Theft Reporter

Oregon Lawmakers Close To Eliminating Loophole Allowing Lenders To Sue Homeowners With Two-Note Mortgages After Home Is Lost To Foreclosure

By r morris

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In Salem, Oregon, The Oregonian reports:The Oregon Senate unanimously voted on Wednesday to close the loophole in Oregon law that allows people with two-note mortgages to be sued for money even after they lose their home to foreclosure. House Bill 3004 prevents lenders from suing borrowers who had a 80/20 mortgage or another combined mortgage. These riskier kinds of mortgages are usually offered

Full post as published by The Home Equity Theft Reporter on June 26, 2009 (boomark / email).

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