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Posts published by “Philip H. Franklin”

Philip H. Franklin has more than 20 years of experience in the residential mortgage lending and servicing industry. For more than 15 years, Phil represented various consumer lending institutions as in-house counsel, including one of the largest non-depository mortgage lender-servicers and one of the largest former non-prime mortgage lender-servicers in the country. Phil has also been an active participant in state and federal legislative affairs for and on behalf of the residential mortgage lending industry. Phil is licensed to practice law in California (active) and Maryland (inactive), and is admitted to the federal courts in California. He received an undergraduate degree from the University of California, Los Angeles (UCLA), a law degree from Southwestern University School of Law, and a Certificate of Dispute Resolution from the Straus Institute, Pepperdine University School of Law.

Oregon Supreme Court Holds HOA Lien Primes First Mortgage or Deed of Trust if No Foreclosure Within 90 Days of Notice

The Oregon Supreme Court recently held that a lien for delinquent condominium assessments has priority over a first mortgage or deed of trust, where the mortgagee fails to initiate a foreclosure action within the 90-day notice period prescribed by ORS § 100.450(7).