The Oregon Supreme Court on Thursday cleared the way for banks to return to the preferred out-of-court method of foreclosure.
The Oregon Supreme Court on Thursday cleared the way for banks to return to the out-of-court method of foreclosure.
The high court found that Mortgage Electronic Registration Systems Inc., a lending industry cooperative for cataloging loan ownership, can’t foreclose on mortgages itself — as was common in the early years of the foreclosure crisis — because it’s not the beneficiary of a deed of trust.
Read more at Oregonlive.
