New Options for Oregon Homeowners Facing Foreclosure

, Posted: Wed, July 11 2012 at 8:11 AM, Updated: Wed, July 11 2012 at 9:07 AM

As of Wednesday, Oregon homeowners are entitled to more options when it comes to their mortgages.

Homeowners who fall behind are on mortgage payments now have the right to meet with theirĀ  loan servicer, as well as a mediator.

The new program allows Oregonians to explore other options to foreclosure.

The program was approved by the Legislature in March.

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