Real Estate Deeds Made Easy Since 1997
Oregon’s governor has signed H.B. 4058 into law. The point of this new provision? To help people know how brokers work with sellers and buyers in deed transfers.
The bill takes effect January 1, 2025. Most notably, the law sets out to regulate residential property wholesaling. Before this, Oregonians could engage in wholesaling without legal restrictions.
OK, so what is real estate wholesaling?
Continue reading “Legal News: Oregon Starts Restricting Real Estate Wholesalers”
In a significant move to improve the legibility and accessibility of recorded documents, Oregon has passed House Bill 2029, which comes into effect on January 1, 2024. This bill amends Oregon Revised Statute 205.232, specifically raising the minimum font size for recorded documents from 8-point to 10-point type.
Continue reading “Oregon HB 2029 and Its Impact on Real Estate Deeds”
Free Speech Versus Fair Housing?
It’s a tough market out there for home buyers. So, hopeful home buyers are coming up with ways to stand out from the crowd. Some — many, these days — are writing “love letters” that flatter the sellers to persuade them to choose the letter writers as buyers.
Are these letters charming gestures that show diligence and smart thinking on the buyer’s part? Or do they cross a line? It all depends. But this year, Oregon said enough is enough. And it passed a bill to stop the buyers’ practice of writing to sellers in hopes of beating out their competition. The new law, House Bill 2550, is the first of its kind nationwide. Gov. Kate Brown has signed it. And it’s due to take effect on the first day of 2022.
But will it? Citing the right to free speech, a group has filed for a preliminary injunction to stop H.B. 2550.
Let’s take a look at what’s going on.
Continue reading “Oregon Sued After Banning Buyers’ Love Letters”Probate is the legal process of settling a decedent’s estate and distributing property to those entitled to receive it, whether by devise of a will or laws of intestate succession. The laws for probate are codified at Title 12 of the Oregon Revised Statutes.
Continue reading “Transferring Probate Realty in Oregon”Property taxes are a fact of life for most real estate owners. Publicly held property, however, including that owned by the federal government (ORS 307.040) and state and local government (ORS 307.090) is exempt from property taxes. What happens when an exempt entity takes title to property that is still encumbered with outstanding tax debt? In many cases, the answer is “nothing.”
Continue reading “About Oregon HB 2127 (2015)”