Foreclosures

Oregon Housing
5:40 pm
Tue May 7, 2013

Oregon Closing Down Two Federally-Funded Mortgage Assistance Programs

Nick Bastian Flickr

Originally published on Tue May 7, 2013 5:00 pm

The state of Oregon is shutting down two federal bailout programs this month meant to keep struggling homeowners from losing their house. The reason? Lack of interest.

One of the programs helps people who are now making payments but have racked up late fees and penalties from earlier in the loan. Turns out fewer than 200 people even qualified for it. The money is from a federal housing bailout called the Hardest Hit Fund.

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Oregon Federal Foreclosure Assistance Funds
5:51 pm
Mon July 30, 2012

Oregon Has Highest Distribution Rate Of Federal Foreclosure Assistance Funds

A graph showing the rate at which states have used federal “Hardest Hit” dollars.
Northwest News Network

Oregon has been the most aggressive state in distributing federal funds aimed at preventing foreclosures. The state has tapped into nearly half of the $220 million it received under the “Hardest Hit” program. That's a higher rate than any of the other 17 states and Washington, D.C., that were awarded the funds.

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Oregon Foreclosure Mediation Law
5:19 pm
Tue July 10, 2012

New Mediation Law Could Help Struggling Homeowners

A new law will allow struggling homeowners to sit down with their lender to work out an agreement.
Jeffery Turner Flickr

Oregonians facing foreclosure will soon have another tool to stay in their house. A law that takes effect Wednesday allows struggling homeowners the chance to look their lender in the eye.

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Oregon Foreclosure Bill
6:06 am
Tue March 6, 2012

Oregon Lawmakers Agree On Foreclosure Bill

The Oregon State capitol building.
Photo by M.O. Stevens Wikimedia Commons

SALEM, Ore. – Oregon lawmakers wrapped up their 2012 legislative session after dark Monday night. One of the last bills they signed off on was a measure to slow the pace of home foreclosures. Salem Correspondent Chris Lehman reports.

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