Washington  |  Real Estate Law

Legal Question

Asked on: 5/14/04, 11:03 am

Forclosure on my home

If I have lost my home due to my inability to make payments (laid off from work, all funds exhausted), do I still owe money on it once I get back on my feet?

If I become married, does my new spouse's income factor into my ability to make those ''lost'' house payments and does it put her in jeopardy of any kind (she owns her own home)?


1 Answer

Answered on: 5/15/04, 1:40 pm by Robert Horvat

Re: Forclosure on my home

No. In Oregon a lender may not get a deficiency judgment once it has foreclosed a residential deed of trust.

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Barg Horvat PC 121 SW Morrison St., Ste. 600 Portland, OR 97204

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