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.