KBND Logo

 

On Air Now

Bob Brinker
ON AIR NOW
Bob Brinker
1:00pm - 4:00pm
Contact

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Listen to Heather Roberts, Troy Reinhart and daCount weekdays on the KBND Morning News!
Local News


A Bend attorney who specializes in foreclosures and other business law says the legal issues surrounding some foreclosures in Oregon will probably be "messy" for a while. The problem hinges around the electronic signing process, called "mortgage electronic registration system, " or MERS. The system was developed so that loans could quickly change hands. About half of the loans in our country have these electronic signatures and now some are questioning the legality of those contracts; especially when it comes to foreclosures.  Attorney Paul Heatherman says there's no law right now in Oregon with regards to the State Supreme Court: “So we're trying to get some guidance. We don't have a lot right now in Oregon. The bottom line is this will probably slow down the rate of foreclosures at least in the short term, because there has to be some definite rule whether state by state or thru Congress, what to do with these MERS problem loans." MERS is listed as an agent for lenders on more than 60 million U.S. home loans.

 

 

Share

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
LinkedUpRadio Envisionwise Web Services