foreclosures in Oregon
Can all foreclosures on single family homes in Oregon be stopped by paying late payments and fees or only judicial or non judicial?
Thank you.
Asked on 8/06/06, 8:21 pm
1 Answer from Attorneys
Susan Burns
Law Office of Susan Ford Burns
Re: foreclosures in Oregon
The way to stop a foreclosure depends on the type of foreclosure process.
Advertisement & sale - payment of all late payments; correction of other defaults and payment of attorney fees & costs at least 5 days before the foreclosure date
Judicial Foreclosure - payment in full of the entire balance plus interest, attorneys fees & costs
Contract forfeiture - payment of the late payments, correction of other defaults, fees, attorneys fees & costs within 60 -120 days depending on the percentage of the contact balance at the time.
If you are in forecloure, you should not be relying on information from a website, but need to contact an attorney immediately to deal with your specific situation. The above is only meant to be general information and not specific legal advice on a particular matter.
Answered on 8/07/06, 12:33 pm
