Regional News

Closing a Foreclosure Loophole

 

The Oregon law requiring mediation before a mortgage lender forecloses on a homeowner is getting a lot of attention.  State Attorney General Ellen Rosenblum says they’ve received about 800 complaints on their website and 14-hundred contacts about foreclosure problems.  But the law only applies to non-judicial foreclosures, so lenders have been clogging courts by going to foreclosures requiring court hearings.

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