Tag: trust

The Good, The Bad And The Ugly—understanding Foreclosures Under The Oregon Trust Deed Act

A. Except as provided in subsection B, if a mortgage is given to safe the cost of the balance of the purchase price, or to safe a loan to pay all or part of the acquisition worth, of a parcel of actual property of two and one-half acres or less which is proscribed to and utilized for both a single one-family or single two-family dwelling, the lien of judgment in an action to foreclose such mortgage shall not lengthen to some other property of the judgment debtor, nor may basic execution be issued in opposition to the judgment debtor to enforce such judgment, and if the proceeds of the mortgaged real property bought underneath special execution are insufficient to satisfy the judgment, the judgment could not in any other case be glad out of other property of the judgment debtor, however any settlement on the contrary. In most situations, insurance …