News & Analysis as of

Foreclosure › Governor Brown

Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of... more +
Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of greater legislative and judicial scrutiny after systemic abuses were uncovered during the widespread foreclosure crisis resulting from the Great Recession. less -
Tonkon Torp LLP

Oregon’s Latest Residential Eviction Relief Bill Hopefully Will Be The Last

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The long saga of the COVID-19 residential eviction moratorium in Oregon continues with the recent passage of Senate Bill 278, but there are indications that this may be the end of the road...more

Tonkon Torp LLP

HB 2009 Extends The Residential Foreclosure Moratorium, But Title Companies Are Concerned

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On June 1, 2021, Governor Brown signed HB 2009 into law, extending the residential foreclosure moratorium, most recently extended by HB 4204 during the 2020 Special Legislative Session...more

Snell & Wilmer

Oregon Legislature Imposes New Foreclosure Moratorium Which May Be Extended Through December 31, 2021, But Most Commercial...

Snell & Wilmer on

After not taking action and allowing the 2020 foreclosure moratorium to expire on December 31, 2020 (“2020 Act”), the Oregon legislature took action in May to pass House Bill 2009 (the “2021 Act” or the “Act”), reinstating...more

Tonkon Torp LLP

Residential Eviction Extension Proposal Includes Landlord Relief

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Oregon House Bill 4213, as extended by Governor Kate Brown’s Executive Order 20-56, currently prohibits eviction of residential tenants for non-payment of rent through December 31, 2020, as previously discussed. However, with...more

Schwabe, Williamson & Wyatt PC

Overview of COVID-19-Related Eviction Moratoria Extensions

Schwabe, Williamson & Wyatt PC on

Since the start of the COVID-19 pandemic, the State of Oregon and federal agencies have enacted various moratoria on residential and commercial evictions and foreclosures. These include the foreclosure moratorium set forth in...more

Tonkon Torp LLP

Oregon Foreclosure Moratorium Extended Until December 31, 2020

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On August 31, Oregon Governor Kate Brown issued Executive Order 20-37, extending prohibitions on residential and commercial foreclosures in Oregon through December 31, 2020. This Order was issued under the Governor’s...more

Schwabe, Williamson & Wyatt PC

COVID-19: Oregon House Bill 4204 Changes the Landscape for Foreclosures - Update

Schwabe, Williamson & Wyatt PC on

As of August 31, The Governor of Oregon extended House Bill 4204 until the end of the year, effectively prohibiting commercial and residential foreclosures until 2021. The COVID-19 pandemic has affected business in ways...more

Pillsbury Winthrop Shaw Pittman LLP

Oregon COVID-19 Law Halts Foreclosures, Expands Borrower Protections

Pillsbury Winthrop Shaw Pittman LLP on

Oregon HB 4204 law halts COVID-19 related foreclosures and requires lenders to defer payments or negotiate on loan mitigation. Oregon lenders must negotiate with borrowers on mortgage mitigation, deferral or defer payments...more

Perkins Coie

Oregon COVID-19-Related Borrower Protections Signed Into Law

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Oregon Governor Kate Brown signed House Bill 4204 (HB 4204) into law on June 20, 2020. The new statute affects lenders of both commercial and residential loans secured by Oregon real estate. It requires lenders to defer loan...more

Schwabe, Williamson & Wyatt PC

COVID-19: Oregon House Bill 4204 Changes the Landscape for Foreclosures

Schwabe, Williamson & Wyatt PC on

The COVID-19 pandemic has affected business in ways unseen before. Lawyers at Schwabe are monitoring legislative updates to help our clients understand the effects to their business and options available. Today we’re...more

Davis Wright Tremaine LLP

Oregon Passes Sweeping Law to Protect Real Property and Residential Secured Borrowers

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In response to COVID-19, on June 30, 2020 (effective date), Governor Brown signed into law HB 4204, adopted by the Legislative Assembly in its 2020 Special Session, which imposes significant limits on the default remedies of...more

Tonkon Torp LLP

New Law Prohibits Foreclosures In Oregon Until September 30, 2020

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During the special session held between June 24 and June 26, the Oregon legislature passed, and Governor Brown signed into law, HB 4204, which prohibits foreclosures in Oregon from March 8, 2020 until September 30, 2020. It...more

Holland & Knight LLP

West Coast Real Estate Update: October 2016 #1

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California Coastal Act Blocks Housing Project in Venice Despite Earlier Approvals - Judge James C. Chalfant of the California Court of Appeal on Sept. 29, 2016, affirmed a lower court ruling denying a developer’s petition...more

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