Actual Foreclosure Help for Oregonians, or just research?

It's hard to say if this help will actually trickle down to homeowners.  The help might take the form of a refinancing project (for which it appears the State has a request for proposals in Deschutes and Jackson Counties.  For those Oregonians in trouble, the State of Oregon has 2 hotlines: SAFENET (1-800-723-3638) or HOPE 1-888-995-HOPE (4673). You can also contact our team at 503-770-0707 for more information on options.

Thursday, September 30, 2010

Oregon gets $82.7M for foreclosure prevention

Portland Business Journal

Oregon will receive an additional $82.7 million to help struggling homeowners avoid foreclosure. The money, announced Thursday, comes from the U.S. Department of Treasury's Hardest Hit Fund targeting states with the highest rates of foreclosures.

Oregon is one of 18 states and the District of Columbia to receive assistance. Oregon will add the funds to its already approved Oregon Homeownership Stabilization Initiative programs to be implemented beginning early next year.

The state has already received $138 million from the Hardest Hit Fund.

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