More than 8,000 Oregon homes at risk of Foreclosure in 2022

The COVID-19 Pandemic has severely impacted the living costs of many homeowners, putting their property at risk of foreclosure. With so many people out of work, dealing with the monthly mortgage payments could be a massive strain on a population.

According to the U.S.  Census Bureau's survey in December 2021, approximately 45,000 Oregon property owners face this process because they have been unable to settle the agreed monthly mortgage payments. Fortunately, the Legislature approved preventing foreclosure on Oregon properties once in 2020 for missed payments, and again in May 2021. This greatly helped countless people because all foreclosure proceedings were halted in order to assist citizens affected by the pandemic.

Oregon’s Governor To Extend the Program
Fortunately, Kate Brown, Oregon's Governor, was given the authority to prolong the program until the end of 2021. It greatly assisted many homeowners in their efforts to resolve all of the fees that were required in an attempt to avoid foreclosure.

The 61-year-old Governor also informed the public to take advantage of the free foreclosure consultation services available in town, which could benefit or assist them with their needs. Although some of these initiatives were only available to a limited set of homeowners, they helped to solve many people's problems.

A Warning Against Scammers
Meanwhile, Brown has issued a warning to Oregon citizens about scammers on the field after becoming concerned about its rising cases. With that in mind, make certain that the individual with whom you are communicating is a licensed professional with extensive knowledge of foreclosure prevention. If you are unsure whether the person assisting you is an authorized professional, never give out specific details or, more importantly, money.

For more inquiries on foreclosure and how we can assist you on your concerns, please call or text 503-436-6525 or email [email protected]