Here's what's on our mind.
HB 2009 Extends the Residential Foreclosure Moratorium, but Title Companies Are Concerned
On June 1, 2021, Governor Brown signed HB 2009 into law, extending the residential foreclosure moratorium, most recently extended by HB 4204 during the 2020 Special Legislative Session.
How the COVID-19 Pandemic Has Altered Commercial Leasing Forever
Lately, each day has brought more signs that pandemic restrictions are being loosened and the opportunity for a “return to normal” is growing.
Update on Portland’s Housing Market – Condominiums and Single-Family Homes
According to recently released market trend reports, the number of condominiums listed for sale in Northeast and Southeast Portland dropped by 20% from September 2020 to December 2020 and the number of units sold increased from 52 in September 2020…
2021 Oregon Legislative Forecast Is Hazy with a High Chance of Storms
The 2021 legislative session is underway, and it’s already shaping up to be one of the most dynamic in a string of dynamic sessions. Before I give you a rundown of the key bills I’m watching for the commercial real estate industry,
Oregon Legislature Extends Residential Eviction Moratorium, Creates Landlord Compensation Fund
On December 21, 2020, the Oregon Legislature passed HB 4401, further extending the moratorium on residential evictions without cause and for nonpayment of rent from December 31, 2020 to June 30, 2021. The law also extends the deadline for repayment…
Multnomah County “Freezes” Eviction Proceedings Through 2020
Multnomah County may be exiting Governor Kate Brown’s COVID-19 “freeze,” but eviction proceedings in Oregon’s largest county remain largely on hold until after the New Year.
Oregon Establishes Fund to Help Homeowners Pay Their Mortgages
On November 19, 2020, the Oregon Housing and Community Services Department (OHCS) announced a $20 million fund called the Oregon Homeowner Stabilization Initiative (OHSI) to help homeowners who are behind on their mortgage payments.
Residential Eviction Extension Proposal Includes Landlord Relief
Oregon House Bill 4213, as extended by Governor Kate Brown’s Executive Order 20-56, currently prohibits eviction of residential tenants for non-payment of rent through December 31, 2020, as previously discussed. However, with COVID-19 raging on and…
Banks Sue Over Oregon’s Foreclosure Moratorium
Two recent lawsuits filed in the U.S. District Court for the District of Oregon illustrate that Oregon banks are none too pleased about HB 4204. This legislation, passed by the Oregon legislature in June 2020, prohibits residential and commercial…
Oregon Eviction Ban Extended for Residential But Not Commercial Tenants
On September 28, Governor Kate Brown issued Executive Order 20-56. Citing the ongoing COVID-19 pandemic and the recent state wildfires, the Order extends the existing ban on eviction of residential tenants for non-payment of rent until December 31…
Fannie Mae Extends Temporary Moratorium on Residential Foreclosures and Evictions
At the end of August, Fannie Mae announced an extension of a temporary moratorium on residential foreclosures and evictions that was originally set to expire on August 31, 2020. The moratorium applies to single-family mortgages backed by Fannie Mae…
Oregon Foreclosure Moratorium Extended Until December 31, 2020
On August 31, Oregon Governor Kate Brown issued Executive Order 20-37, extending prohibitions on residential and commercial foreclosures in Oregon through December 31, 2020. This Order was issued under the Governor’s authority given by Oregon…
Court Decision Favors Businesses Claiming Insurance Coverage for COVID-Related Losses
Companies across the state, and around the country, have suffered significant loss of income due to interruptions to their business caused by the spread of COVID-19 and the ensuing government-ordered closures. These companies have been disappointed…
Real Estate Adapts to the New COVID Normal
Like most other industries, the real estate business was turned upside-down in March when the COVID-19 outbreak got real. Now that five months have passed and life with COVID-19 appears to be the new normal, some real estate trends are starting to…
Portland's Residential Real Estate Market Responds Surprisingly to COVID-19
The COVID-19 health crisis has indelibly affected society, impacting our behaviors, habits, and priorities. Unlike previous recessions, our relationship to spending and saving may be markedly different in our current circumstance. One clear example…
New Law Prohibits Foreclosures in Oregon Until September 30, 2020
During the special session held between June 24 and June 26, the Oregon legislature passed, and Governor Brown signed into law, HB 4204, which prohibits foreclosures in Oregon from March 8, 2020 until September 30, 2020. It applies to both…
Oregon Legislature Extends Eviction Moratorium to September 30
On June 26, state lawmakers approved House Bill 4213 extending Governor Brown’s executive order temporarily prohibiting evictions of both residential and commercial tenants for non-payment of rent or other charges under a lease. Under the Governor’s…