Oregon Legislature Imposes New Foreclosure Moratorium Which May Be Extended Through December 31, 2021, But Most Commercial Properties Are Not Affected
By EsqSocial Corporation 10/06/21
After not taking action and allowing the 2020 foreclosure moratorium to expire on December 31, 2020 (“2020 Act”), the Oregon legislature took action in May to pass House Bill 2009 (the “2021 Act” or the “Act”), reinstating the foreclosure moratorium with respect to “residential” real properties in the State of Oregon. The 2021 Act was signed into law by Oregon Governor Kate Brown on Tuesday, June 1, and, retroactively, to December 31, 2020, reinstates the moratorium on foreclosures as to...
By: Snell & Wilmer