GOVERNOR EXTENDS RESIDENTIAL MORTGAGE FORECLOSURE MORATORIUM

August 17, 2021 3:30 a.m. 

On Monday, Governor Kate Brown announced that she has extended Oregon’s residential mortgage foreclosure moratorium until the end of this year.

A release said that prevents Oregonians who own their homes from losing them to foreclosure if they have lost income and been unable to pay their mortgage during the COVID-19 pandemic. House Bill 2009 authorized the governor to extend the mortgage foreclosure moratorium period for two successive periods beyond June 30th. The release said the Governor had previously extended the moratorium until the end of September. The new extension is the last one allowed under the legislation.

Brown said, “As we continue to see record high numbers of COVID-19 hospitalizations driven by the Delta surge, I am committed to ensuring that Oregonians have a warm, dry, safe place to live during this pandemic”. Brown said extending the foreclosure moratorium for another three months will prevent removal of residents from their homes by foreclosure, “…which would undermine key efforts to prevent spread of COVID-19”.

The release said those who have fallen behind on their mortgages are encouraged to contact a housing counselor in their community. A list is linked: https://www.oregon.gov/ohcs/homeownership/Pages/housing-counseling.aspx