August 17, 2021 3:30 AM
Gov. Keith Brown announced Monday that it has extended the moratorium on Oregon mortgage buyouts until the end of this year.
The report says it prevents Oregon residents who own their homes from losing them to foreclosures if they lost income and were unable to pay off their mortgages during the COVID-19 pandemic. A 2009 House bill authorized the governor to extend the mortgage moratorium for two consecutive periods beyond June 30. The report said the governor had previously extended the moratorium until the end of September. The new extensive is the last expansion permitted by law.
Brown said, “As we continue to see a record high number of COVID-19 hospitalizations due to the Delta wave, I am committed to providing Oregon residents with a warm, dry and safe place to live during this pandemic.” Brown said extending the foreclosure moratorium for another three months would prevent residents from being evicted from their homes through foreclosures, “… which will undermine major efforts to prevent the spread of COVID-19.”
The report says that those who have delayed mortgage payments are advised to contact a housing consultant in their area. The list is linked: https://www.oregon.gov/ohcs/homeownership/Pages/housing-counseling.aspx