pineville23 Posted January 12, 2011 Report Share Posted January 12, 2011 (edited) I just found this for those in Oregon. After foreclosure with the 1st, this bill prevents 2nds (or assignees) from being able to sue, get judgements, or selling the note to collection agencys. As long as the 1st and 2nd were done on the same day with the same mortgage company. Even if the second was sold immediately to another bulk mortgage buyer. Is this correct? Also, if the house was foreclosed and sold, (by the 1st.) Then the second becomes an unsecured loan and can be discharged during a bankruptcy. Is this also true? Edited January 15, 2011 by pineville23 no response Link to comment Share on other sites More sharing options...
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