Oregon Foreclosures Likely to Switch From Judicial to Nonjudicial
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Because of an upcoming change to Oregon's foreclosure mediation program (which will make participation in the program mandatory for judicial foreclosures) and a recent Oregon Supreme Court decision, it is likely that the majority of foreclosures in Oregon will soon be nonjudicial.
As way of background, Oregon has traditionally been a nonjudicial foreclosure state. But this flipped in the past few years because of an appellate court decision and the implementation of a new foreclosure prevention mediation program that applied only to nonjudicial foreclosures (that lenders circumvented by filing judicial foreclosures). However, due to recent changes, it is likely that Oregon will soon go back to being a nonjudicial foreclosure state.
For details on these developments, see Nonjudicial Foreclosures Likely to Resume in Oregon on Nolo's Bankruptcy, Debt & Forclosure blog.