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Buying a house may seem like a personal matter, but when a borrower takes out a home loan many parties are involved in the transaction: the borrower, the lender, a trustee and other beneficiaries. Further complicating matters is modern financing permits changes to these parties over the life of the borrower’s loan. The changing of …
In a suit for judicial foreclosure, a plaintiff has the option of asking the court for a money award against a debtor. After amendments to the Oregon statutes dealing with judicial foreclosure from 2003 to 2007, some circuit courts began interpreting these provisions to require a money award against the person obligated on the debt, …
The Foreclosure Relief and Extension for Service Members Act of 2014 provides that if a mortgage was obtained before a service member was an active duty member of the military, then they are protected from foreclosure for a period of time upon return from active duty. The amount of time that a service member is …
In Lyons v. US Bank and NWTS, the Washington State Supreme Court found that a trustee can be liable for damages suffered by a debtor under the Consumer Protection Act even without a property having reached sale. The title of trustee is one that should be borne with the very derivation of the term in …