Foreclosure program will help struggling homeowners

home for sale

 

SALEM, Ore. — A new State foreclosure prevention program is launching tomorrow in 33 Oregon Counties.

The “Home Rescue Program” will provide assistance to Oregon Homeowners through help with monthly mortgage payments that are up to $20,000 or 12 monthly payments, and reinstatement payments to bring mortgages current, up to $10,000.

To qualify, applicants must be able to show at least a 10% reduction in current income compared to 2011 or 2012, and meet other eligibility criteria. 

More information about the application process can be found at www.OregonHomeownerHelp.org.

 





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