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MERS ruling paves way for out-of-court foreclosures

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Friday, June 07, 2013

The Oregon Supreme Court on Thursday cleared the way for banks to return to the out-of-court method of foreclosure.

The high court found that Mortgage Electronic Registration Systems Inc., a lending industry cooperative for cataloging loan ownership, can't foreclose on mortgages itself -- as was common in the early years of the foreclosure crisis -- because it's not the beneficiary of a deed of trust.

Read more at Oregonlive.

 

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Opening soon: 3 of the coolest new breweries in Oregon

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brewthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

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Five years in the making, the Portland Mercado — the city’s first Latino public market — will celebrate its grand opening April 11. A $3.5 million public-private partnership spearheaded by Hacienda CDC, the market will house 15 to 20 businesses in the food, retail and service sectors. It has some big-name funders, including the Paul G. Allen Family Foundation and JPMorgan Chase. The project goals are equally ambitious: to improve cross-cultural understanding, alleviate poverty and spur community economic development. 


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VIDEO: The 2015 100 Best Companies to Work For in Oregon

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htctfacebookBY OB STAFF

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BY LINDA BAKER

Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.


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