Article
Property Taxes: Interest Example
March 17, 2008 Posted by Oregon Real Estate
The 6 percent interest is simple, meaning that the interest computes yearly against the deferred tax amounts. Deferral accounts do not accrue compound interest, which means interest is computed on previous interest in addition to the deferred tax amounts.
The Condominium Form of Ownership in Oregon
November 26, 2007 Posted by Oregon Real Estate
A “condominium” is a special form of property ownership which is created and governed in Oregon by statute (ORS 100.005 to 100.910 and 100.990), known as the “Oregon Condominium Act.” A typical condominium is a combination of two kinds of ownership. The owner of a condominium unit holds title to his individual unit together with […]
How does the foreclosure process work?
November 25, 2007 Posted by Oregon Real Estate
Foreclosure is the legal process the financial institution having an interest on your mortgage loan can initiate to take away your house if you are in default. Foreclosures can be initiated by anyone who has a lien on your house, including your lender or the county (if you don’t pay property taxes).