Articles from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa

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Shutdown and Mortgage Modification in Oregon and Washington

Submitted by Anonymous (not verified) on Sun, 10/06/2013 - 17:23

Oregon and Washington homeowners looking to avoid bankruptcy or just lower their monthly expenses through mortgage refi will now see the application process slow to a stand still.  For consumers trying to avoid foreclosure through modification or lower their expenses in Chapter 13 Bankruptcy, this is horrible news. Beyond furloughs, lost wages and diminishing global clout, the shutdown is beginning to have consequences for consumers that no one really anticipated.

Keep in Mind Rising Seattle Rents When Evaluating Whether to Put off Foreclosure

Submitted by Anonymous (not verified) on Sat, 09/28/2013 - 16:47

Seattle area consumers who are now attempting to evaluate whether to keep their homes through either bankruptcy or modification or let the house go and take their chances on the rental market should keep in mind that rents will be rising in the Seattle area.

Federal Housing Administration is Now Making it Easier to Get a Mortgage After Bankruptcy

Submitted by Anonymous (not verified) on Mon, 09/23/2013 - 01:32

The Federal Housing Administration will now allow a bankruptcy debtor to get an FHA backed mortgage in as little as  a year after bankruptcy, provided that certain minimal criteria are met.  Many bankruptcy experts believe that this is yet another strong sign that bankruptcy is well on its way to losing whatever stigma may have been associated with it in the past.  
The FHA will now consider borrowers who have received a bankruptcy discharge or short sale or foreclosure more that one year prior if the borrower can show the following:

Seattle Area Layoffs

Submitted by Anonymous (not verified) on Sat, 09/21/2013 - 16:51

 Just read that now that Spring has purchased Clearwire, it will be laying off 161 people in Belleveue and Kirkland, Washington.

Change in Oregon Mediation Law Aids Consumers in Foreclosure

Submitted by Anonymous (not verified) on Thu, 09/19/2013 - 05:09


A recent revision to Oregon’s mediation requirements has set off an anvalanche of requests for face-to-face meetings between lenders and borrowers with delinquent mortgages. This recent amendment to the Oregon Legislature’s Foreclosure Avoidance Mediation Program requires all lenders to meet with distressed homeowners before foreclosing on delinquent mortgages. This change has recently resulted in 500 new requests for mediation.

Prepare Your Bankruptcy Petition Remotely

Submitted by Anonymous (not verified) on Fri, 09/13/2013 - 20:43

For every bankruptcy filing, our office sets up a filing appointment for our clients to come into the office and sit with us as we prepare the Bankruptcy Petition and Schedules, review the final product and sign off on the various dotted lines. For years this has forced an arguably undue burden on many of our clients. If you are married with kids and competing work schedules, it’s often not easy to get both of you into a lawyers office for two hours no matter how much you would like to.

I am pleased

Submitted by Anonymous (not verified) on Wed, 09/11/2013 - 19:11

I am pleased to report that our Bankruptcy Law Firm will soon be opening up an office in Bend, Oregon in order to serve the needs of a growing segment of our practice. While it looks like it will take at least a month or so before we are able to open our Bend, Oregon Bankruptcy Law Office, I am extremely happy to report that we will soon be able to offer Bend area consumers afew things that local attorneys are not currently offering. First, we will be offering real payment plans where most attorney fees and all filing fees can be paid in installments after their cases are filed.

Bend, Oregon Bankruptcy

Submitted by Anonymous (not verified) on Wed, 09/11/2013 - 19:00

 
I am pleased to report that our Bankruptcy Law Firm will soon be opening up an office in Bend, Oregon in order to serve the needs of a growing segment of our practice. While it looks like it will take at least a month or so before we are able to open our Bend, Oregon Bankruptcy Law Office, I am extremely happy to report that we will soon be able to offer Bend area consumers afew things that local attorneys are not currently offering.

Steps for Rebuilding Your Credit Score After Bankruptcy

Submitted by Anonymous (not verified) on Tue, 09/10/2013 - 01:47

When it comes to rebuilding a credit score after filing bankruptcy, the truth is that you have already taken the most important step. After all, the ever more burdensome dead weight on your score, the barrier to you ever obtaining a decent score has now been removed permanently.
If you want to really want to improve your credit score, doing nothing after your bankruptcy discharge and letting time take care of your score is not the way to go.

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