NEW HELP FOR OREGON HOMEOWNERS FACING FORECLOSURE. SALEM OREGON REAL ESTATE NEWS AND NEW LAW-SENATE BILL 628. This new law is aimed at helping homeowners facing foreclosure.
Oregon homeowners facing foreclosure have new rights thanks to a new Oregon law-Senate Bill 628. This law now requires lenders to meet with borrowers, either in person or by phone, to determine whether or not they qualify for a loan modification. A loan modification could lower house payments and allow homebuyers to remain in their home.
Oregon RealEstateRama has the complete article along with tips for homeowners to follow once they have received their Notice of Foreclosure.
If you know someone who is struggling to make their mortgage payment, please forward this article to them.
I am a Real Estate Broker with Coldwell Banker Mountain West in Salem, Oregon. Please join me at my blog http://salemorhomes4u.blogspot.com/
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