Opportunities still exist for distressed homeowners receiving unemployment benefits to apply for the Mortgage Payment Assistance program at www.oregonhomeownerhelp.org. The program is scheduled to conclude at the end of March.
The Mortgage Payment Assistance program is offered by the Oregon Homeownership Stabilization Initiative and designed to help Oregon homeowners receiving unemployment benefits avoid the threat of foreclosure. For qualified applicants, the program makes up to 12 months of mortgage payments up to $20,000, the maximum dollar limit, and will be sent directly to their mortgage lender or servicer each month.
The Mortgage Payment Assistance program has new opportunities to apply every two weeks on Wednesdays at noon. Please check the program page at www.oregonhomeownerhelp.org for availability schedule.
The Oregon Homeownership Stabilization Initiative website provides helpful information about the application process, including a how-to video that answers the most common questions about the program.
To learn more watch the “How to Apply” video and take the eligibility questionnaire and to apply visit www.oregonhomeownerhelp.org.
The Mortgage Payment Assistance Unemployment program will help an estimated 4,000 Oregon homeowners stay in their homes. To date programs offered by OHSI have assisted over 4,500 Oregon homeowners.
Homeowners without internet access can make alternative arrangements by calling the CSC office in Albany at 541-928-6335, the CSC office in Newport at 541-265-8505 or the Willamette Neighborhood Housing Services office in Corvallis at 541-752-7220.
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Visit the Dept. of Justice website for more information: http://www.doj.state.or.us/consumer/Pages/foreclosure_settlement.aspx
