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Oregon Real Estate Law

New Regulations Reduces Residential Construction Costs

Question: I have friends and business associates who are looking to fix and flip (or fix and hold) residential rental properties in Oregon and can not obtain traditional bank financing. Is private money lending an option for these parties? Short Answer: Until recently, because of the nature of the property, this type of transaction would […]

Short Sale Stalled Due To A Judgment Lien?

SHORT SALE STALLED DUE TO A JUDGMENT LIEN? HOMESTEAD EXEMPTION MAY BE THE ANSWER! Question: I am a real estate broker and represent a homeowner trying to do a short sale as the home’s fair market value is less than the amount of the first position loan. An offer has come in, acceptable to the homeowner, […]

Owning A Vacation Rental Property In Bend, Oregon

OUR BEND OREGON REAL ESTATE BLOG May 12, 2015 · by Cheri Smith & Molly Brundage   While on vacation in Bend, Oregon there are numerous lodging options – hotels, motels, bed and breakfasts, RV parks, and vacation rentals. Owning a vacation rental property in Bend can be a great income generator, whether it’s strictly an investment […]

Latest Developments: Mortgage Forgiveness Debt Relief Act

Latest developments concerning the extension of the Mortgage Forgiveness Debt Relief Act Following up on my earlier blog on the subject, President Obama signed the bill on December 19, 2014, so it is now law, and means that for any homeowners who either went through a short sale or foreclosure of their primary residence in 2014 […]

Mortgage Forgiveness Debt Relief Act Extended

Mortgage Forgiveness Debt Relief Act through December 31, 2014 As expected, the Senate yesterday passed H.R. 5771: the Tax Increase Prevention Act of 2014, by a vote of 76 – 16, without amendment, so the bill goes on to President Obama for signature. One of the provisions of this Act extends the Mortgage Forgiveness Debt […]

Extension of the Mortgage Forgiveness Debt Relief Act!

BREAKING NEWS…One Year Extension of the Mortgage Forgiveness Debt Relief Act! For any home owner who has engaged in a short sale of their primary dwelling in 2014 (or may be ready to do so before the end of this year), or had to go through a foreclosure this year, and ended up effectively paying […]

Homeowner Advocacy and Legal Options Program

“HALO” “Homeowner Advocacy and Legal Options Program” Presented by Total Property Resources LLC and Ambrose Law Group LLC Total Property Resources, LLC, in conjunction with Ambrose Law Group LLC, is proud to present HALO — the “Homeowner Advocacy and Legal Options” program–for your home and investment real estate. In this difficult economic climate, borrowers/property owners […]

Relief To Homeowners From Potential Deficiency Claims

RELIEF TO HOMEOWNERS FROM POTENTIAL DEFICIENCY CLAIMS (AND SOME PITFALLS!) Question: I’m a homeowner facing foreclosure, and understand the law has changed regarding my lender’s rights to go after me for a deficiency claim. First, what the heck is a deficiency claim, and second, how has the law changed, and does it benefit me? Answer: […]

Winterization/De-Winterization – Who Pays?

WINTERIZATION/DE-WINTERIZATION Question: WHO PAYS? Answer/Senario: Seller and Buyer enter into the standard Residential Real Estate Sale Agreement (OREF 001). Seller has already winterized the home, but then voluntarily de-winterizes the home so that the Buyer can have an inspection done. Sale fails to close and Buyer seeks a return of the earnest money. Seller refuses to execute a […]

Sellers: Be Aware Of Title Insurance Which Protects Your Interests!

SELLERS: BE AWARE OF TITLE INSURANCE WHICH PROTECTS YOUR INTERESTS! Question: I am the seller in a real estate transaction. I know a title insurance policy will be issued in connection with the transaction, which I have to pay for. Does this also protect me? If not, is there anything I can do about it? Answer: Great […]

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