WEATHER IN LINCOLN COUNTY

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Oregon Court of Appeals rules that out of court foreclosures by “MERS” not legal

The Oregon Court of Appeals has ruled that what some have called a fast-and-loose system used by banks to foreclose on homeowners without having to go to court or prove who owns the house, is not legal in Oregon. If upheld by the Oregon Supreme Court, it would give distressed homeowners more flexibility in trying to keep their homes from quick foreclosure sales by the banks.

The story is in The Oregonian. Click here.

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