MHCO Article Topics
Answer. Oregon law requires that unless exempted, an individual must use a "mortgage loan originator" ("MLO") [e.g. mortgage bankers or mortgage brokers] license if he/she:
The rule carried out a 2015 Oregon Legislature directive through Senate Bill 705 that the Oregon Department of Environmental Quality enact rule changes by the end of 2015, requiring an owner of a residential building or a person proposing a demolition of a residential building to have an accredited inspector perform an asbestos survey before demolishing that building.
Answer: I assume you are referring to a sale where you carry back the security obligation (as opposed to the buyer paying cash or securing third party financing).[1] In this respect, you are correct, subject to several limitations.
By: Phil Querin, MHCO Legal Counsel
Current Oregon Law. ORS 90.680 is the statute governing the on-site sale of homes in a manufactured housing community. It previously contained no limitations on landlords who required, as a condition of tenancy, that residents selling their homes must enter into a consignment agreement with the landlord. That will change on January 1, 2016.
Gen Y's are generally defined as the population born between 1985 and 2005. Beyond their stereotypical traits of entitlement, narcissism and wanting everything on demand, Gen Y's are creating a reputation for themselves as being civic minded with a strong sense of community. They prefer to work in teams of people to accomplish bigger missions and they care about meaningful work.
If I am a licensed real estate agent, can I sell manufactured homes?
Supply and Demand
Q: What happens after I give them the financial information?
A: HB 4038, which has not yet been codified, requires an owner to give written notice of the owner's interest in selling the park before the
owner markets the park for sale or when the owner receives an offer to purchase that the owner intends to consider, whichever occurs
Answer. Caveat: I am answering this question as a hypothetical situation, and no intent is made to render a legal opinion about an actual situation. Here are my thoughts: