KBND Logo

 

On Air Now

Bill Cunningham
ON AIR NOW
Bill Cunningham
7:00pm - 10:00pm
Contact

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
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

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

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

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

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.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
LinkedUpRadio Envisionwise Web Services