Governor Keith Brown Extends Moratorium on Home Loan Buyouts Until End of Year



Oregon Governor Keith Brown announced on Monday that she plans to extend the moratorium on foreclosures until the end of the year.

This means homeowners who cannot make their mortgage payments between October and January will not be foreclosed. The moratorium originally expired on the last day of September, but the new extension adds another three months of grace period for those financially suffering from COVID-19.

This is the last time the foreclosure moratorium could be extended under a 2009 bill that originally approved the moratorium in February.

“As we continue to see record numbers of COVID-19 hospitalizations caused by the delta wave, I am committed to providing Oregon residents with a warm, dry and safe place to live during this pandemic,” Brown said in a statement. “Extending the temporary foreclosure moratorium for another three months will prevent Oregon residents from being evicted from their homes through foreclosures, with serious health, safety, welfare and financial implications, and undermining major efforts to prevent the spread of COVID. nineteen. “

The Oregon tenant eviction moratorium expired on July 1. However, if tenants can provide proof that they applied for rent assistance through the state, in Multnomah County they receive 90 days of protection before they can be evicted for non-payment of rent.


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