Real Estate Agent with Chris Balmes Properties



February 14, 2008

CONTACT: Nick Smith



HB 3630 is Second Republican Special Session Priority to Pass House

SALEM- House Republicans today announce the passage of House Bill 3630, legislation to

protect Oregonians from predatory foreclosure scams. HB 3630 is the second Republican

priority to be approved by the House of Representatives for the 2008 special session.

"This common sense legislation cracks down on scam artists who prey on homeowners facing

foreclosure," said House Republican Leader Bruce Hanna (R-Roseburg). "Rather than helping

Oregonians, these scam artists obtain deeds from homeowners and immediately move to kick

them out onto the street. HB 3630 prevents this unfair practice."

HB 3630 requires foreclosure consulting contracts to be in writing, and be provided to a

homeowner 24 hours in advance. It prohibits a foreclosure consultant from being the purchaser,

and requires that 82 percent of net proceeds from the sale of the house be given to the


"HB 3630 also ensures that homeowners facing foreclosure receive straightforward information

from their lenders regarding the foreclosure process and directs the homeowner to counseling

and assistance that is available to them," Rep. Hanna said.

Progress of House and Senate Republican Priorities

As of February 14, 2008

Republican Priority Action*

Provide 24-hour Oregon State Police Coverage Republican request pending in Joint Ways and

Means Committee.

Hold State Government Accountable for

Spending and Waste

SJR 41- In Senate Education and General

Government Committee

Secure Oregon Driver's Licenses and ID


SB 1080- Passed Senate; Passed House; On

Governor's Desk

Protect Oregon Project Independence for

Senior Citizens

Republican request pending in Joint Ways and

Means Committee.

Train Oregon's Teachers for Excellence SB 1097- In Senate Education and General

Government Committee.

Expand Water Resources for Eastern Oregon


SB 1069- In Senate Environment and Natural

Resources Committee.

Reform Oregon's Land Use Laws, Restore the

‘Big Look'

Republican request pending in Joint Ways and

Means Committee.

Protect Oregonians from Predatory Scams HB 3630- Passed House; In Senate.

*Under Speaker Jeff Merkley's session guidelines, no Representative is allowed to individually introduce



Randy L. Prothero
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645
Thank you for posting that House Bill.  I will be working with our State Representatives office to see if we can get something similar introduced next session in Hawaii.  I am seeing a lot more of that type type of activity.  Fortunately we do not have many foreclosures at this time.
Feb 18, 2008 10:47 AM
Alan 'AJ' Nisen California Contra Costa Mortgage Officer
A Large Bank in America - Lafayette, CA
it is a shame that we have to legislate this.  After talking with a lot of clients who are about to go into foreclosure, the pressure, on the family unit is tremendous.  They are looking for any hope.  They are already down and out.  Then someone comes along with a scam to make it even worse.  I have to say that I believe in people.  So I wonder how people could perpetrate scams on others. AJ
Feb 18, 2008 10:59 AM
I agree with you that it is awful there are preditors out there.  And unfortunately, they are in every avenue of every industry.  I am an investor.  I won't hide that fact.  Yes, there needs to be a LITTLE more of a watchful eye on the investor world, but not a choke hold.  I personally have helped, know and have seen MANY MANY families saved from forclosure BECAUSE of investors or so called "foreclosure consultants".  I do not understand the bill in it's entirety yet but from what I understand, it makes it so the investor will not be able to buy the property thus not being able to help the people get out of foreclosure.  Hence, the actual homes that will end up going through to the auction is going to SKYROCKET and make the situation a whole LOT worse.   Investors are looked upon as the bad guy.  And, I admit, I've come across a few I wouldn't call friends, but the VAST majority are very ethical people who just want to help people get out of foreclosure and make some money on the way as well.  It's a win/win.  They buy beat up houses that people can't afford to fix up and make them pretty.  Raising the propery values of those around them and the neighborhood clientale.  But, nobody seems to think about that side.  Yet, there are con artists, no doubt, just like with everything else out there.  And, it's a shame that everyone has to suffer because of the few.
Feb 19, 2008 05:09 AM
Bill Neves


I am also an investor and do Short Sales. All these are in Foreclosure. We have over 40 in process at the moment. We've had 5 accepted in the past month. We do them and the homeowner avoids foreclosure sale and ruining their credit. When we do a Short Sale ALL banks insist that the homeowner cannot receive ANY PROCEEDS from the transaction. The bank won't take a loss and have the homeowner walk away with money.

So... it begs the question... how does one give '82% of the net procees' when the bank says 'no can do'?
Probably one of those grays areas? Unless someone has an answer.

Thanks for the ear

Bill Neves
RE Mentor/Success Coach
Swift Homes, LLC
360-693-1990 Fax
503-490-5152 Mobile

"You'll see it when you believe it!" Wayne Dyer 

Mar 03, 2008 09:48 AM