How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Thomas McJD Your Own Question
Thomas McJD
Thomas McJD, Lawyer
Category: Real Estate Law
Satisfied Customers: 6516
Experience:  Real Estate Attorney
19305272
Type Your Real Estate Law Question Here...
Thomas McJD is online now
A new question is answered every 9 seconds

In Oregon, if an investment property is foreclosed judicially

This answer was rated:

In Oregon, if an investment property is foreclosed judicially can the lender obtain a deficiency judgment?

Thomas McJD :

Hi, I'm Thomas and will be happy to assist you. My goal is to make you a very satisfied customer! Thanks in advance for your patience.

Thomas McJD :

Yes, in Oregon a lender can obtain a deficiency judgment if it does a judicial foreclosure on a non-residential property.

Customer:

Thank you. Just to clarify - the property is residential, I just don't live in it. Can they still obtain a deficiency?

Thomas McJD :

Yes, you would need to live there as your residence to prevent a deficiency judgment.

Customer:

Got it. Thank you!

Thomas McJD and 6 other Real Estate Law Specialists are ready to help you