New Oregon Law Helps Struggling Home Owners

, Posted: Wed, July 11 2012 at 11:02 AM, Updated: Wed, July 11 2012 at 11:06 AM

A new state law in effect as of Wednesday July 11th, will help struggling Oregon home owners consider other options when facing a foreclosure.

It will cost borrowers a total of $200 to meet with their lender and mediator in hopes of lowering the foreclosure rate in Oregon.

Borrowers will receive a letter in the mail about the service. If they would like to set up an appointment they will have to call their lender.

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