New Foreclosure Program Expands

MEDFORD, Ore. – Homeowners facing foreclosure can qualify for the state to make their mortgage payments.

The Loan Preservation Assistance Program was piloted earlier this year in three Oregon counties, but is now available statewide. The program will help thousands of Oregonians avoid foreclosure by bringing their mortgages current up to $20,000.

“It would be hard to know how many in Jackson or Josephine counties will qualify. But I can say that overall — state-wide, we expect to have around 2 thousand homeowners in the program, so certainly, Jackson or Josephine counties can have a significant chunk of that,” explained Ben Pray, the Oregon Housing Communications Manager.

Oregon received $220 million back in 2010 to create foreclosure prevention programs like LPA. Before you apply, go online and take an eligibility test to see if you qualify.

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  1. Richard & Carolyn Cotter says:

    We have been having problems with Chase. The last two years we have been trying for a modification thru them and they keep asking for the same paperwork over and over again, we keep sending it but get nothing done. We are behind on our mortgage and are afraid of losing our home. We have been scammed twice by parties saying they can help us and they took our money and did nothing to help us. We hope you can help us.

    Thank you, Richard & Carolyn Cotter

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