COVID-19 Mortgage Foreclosure Moratorium Extended

by Jared Anderson, Associate, Financial Services Industry Group On August 16, 2021, Governor Kate Brown signed Executive Order 21-30, which extended the mortgage foreclosure moratorium emergency period of House Bill 2009 (2021) to 11:59 p.m. on December 31, 2021. The Oregon State Legislative Assembly passed HB 2009 during its first regular session in 2021. The

Effective Immediately, Senate Bill 368 Clarifies Money Awards in Foreclosures

In a suit for judicial foreclosure, a plaintiff has the option of asking the court for a money award against a debtor. After amendments to the Oregon statutes dealing with judicial foreclosure from 2003 to 2007, some circuit courts began interpreting these provisions to require a money award against the person obligated on the debt,

Supreme Court Sides With Lenders Holding Junior Mortgages

A recent Supreme Court case considered whether, in a Chapter 7 bankruptcy proceeding, a junior mortgage may be voided when the senior mortgage amount exceeds the value of the property. For lenders, this means that if you hold a mortgage that is second in line to the primary mortgage, and that primary mortgage is larger

Using Nonqualified Deferred Compensation to Attract and Retain Key Employees

By Randy Cook, Partner, Saalfeld Griggs PC A major component to any successful financial services employer is its ability to attract and retain key employees. Studies indicate that an employer’s retirement program is high on the list of factors considered by key employees when choosing an employer, second only to current compensation. With creative planning,