The Oregon Foreclosure Avoidance Program partners with lots of state agencies and not-for-profit companies to supply complimentary and inexpensive resources and assist to Oregonians struggling as an outcome of foreclosure.

Oregon's Foreclosure Avoidance Program provides a structured process for:

- Communicating with the lending institution

- Submitting monetary documentation to the lender

- Working with a certified foreclosure therapist

- Consulting with the lender virtually or face to face with a facilitator at a neutral area


This program is readily available for these kinds of property owners:

- Homeowners who have actually received a "Notice of Resolution Conference" from their lending institution

- Homeowners who lag on their loan obligation

- Homeowners in monetary hardship and wish to request a resolution conference with their loan provider


Please note: If you are delinquent on your mortgage loan and receive correspondence in the mail with an envelope that looks like the listed below image and an enclosed letter requesting payment, it is a legitimate state-sponsored program.

Free loan adjustment and foreclosure counseling

Please check out the materials and reach out to among OHCS' homeownership centers listed below to speak with a licensed foreclosure counselor who can assist you with files and establishing a resolution conference. Pay the cost to Mediation Case Manager (information confined in envelope), and they will assign you to a therapist.

Low-cost legal representation

If you need legal assistance, the Oregon State Bar supplies complimentary details and other resources through Oregon Law Help for veterans and those on low to moderate incomes. The following are some of the services they supply:

- Oregon State Bar Lawyer Referral Service: The Lawyer Referral Service refers all Oregonians to lawyers who have actually consented to a $35 preliminary consultation charge. Fees afterwards are as worked out.

- Modest Means Program: Low- to moderate-income Oregonians might qualify for this program offering reduced-rate services.

- Military Assistance Program: Veterans may get approved for up to two hours of complimentary assistance through the Military Assistance Panel.


For additional information on these services, visit the Oregon Law Help website or call 503-684-3763; toll-free in Oregon at 800-452-7636.

Other foreclosure assistance resources

- Oregon Foreclosure Avoidance Program

- Oregon Department of Consumer and Business Services Foreclosure Assistance

- Oregon Department of Justice Foreclosure Fraud Information

Frequently asked questions

What is the Foreclosure Avoidance Program?

In 2012, the Oregon Legislature passed a law needing lenders to consult with house owners at the start of the nonjudicial foreclosure process. In 2013, the Legislature expanded the program so most house owners will have a chance to meet their lenders before any foreclosure starts.

How do I participate?

There are simply four basic actions to take part: Pay a cost, meet a housing counselor, send your files, and appear. It's actually that easy.

Why should I get involved?

If you follow the 4 easy steps, you will get:

- Free suggestions and support from a housing therapist.

- The capability to submit documents to your lending institution through a safe online portal.

- Information about your loan, including a detailed declaration of what you owe, a payment history, and the name of the entity that owns your loan.

- A meeting with an agent of your loan provider who has total authority to work out and devote to a foreclosure avoidance step.

- A possibility to prevent foreclosure before the lender begins that procedure.


Even if you are not able to save your home, you will have the ability to speak with your lending institution about deeding the home back, offering the residential or commercial property for less than you owe, or moving out willingly in exchange for a small payment to assist you move.

Whom can I call for more details or help?

Call Mediation Case Manager (MCM) at 855-658-6733 for assistance at any time. MCM manages the program for the state and can assist you with setting up your online account, scheduling, payments, sending files, using the online website, and more. Information is also available on the program website at www.ForeclosureMediationOR.org.

Call a housing counselor as quickly as possible to begin preparing for the resolution conference. The housing therapist will encourage you about alternatives to avoid foreclosure, aid put together the best possible proposal for your lending institution, and prepare you for the conference. If you want assistance working out with your lending institution, a housing counselor will go to the resolution conference with you. There is no cost to you for working with a housing counselor. Please describe the above list of authorized housing counseling agencies in Oregon.

What if I can't manage the fee?

If you are low income, all but $50 of your charge might be waived. The minimized charge needs to be paid by the due date on the notice. Call MCM at 855-658-6733 for aid and more information.

What takes place if I do not pay the charge on time?

The cost due date is set by law and can not be changed. If you don't pay your cost on time, MCM will cancel the resolution conference and provide your loan provider a Certificate of Compliance. Your lender might foreclose without additional hold-up. Call MCM at 855-658-6733 for assistance and more info.

What if I do n'tsubmit my files on time?

If you don't submit all of your files on time, MCM will not cancel the resolution conference. But your lender might not offer you details about your loan and you will be much less most likely to reach an agreement to prevent foreclosure. You ought to meet a housing therapist as soon as possible for assistance gathering the best files for your lender and publishing them to the online portal.

What info does my lending institution have to give me?

Within 25 days after you submit your files, your loan provider needs to offer you the following details about your loan:

- A copy of the Promissory Note and Deed of Trust

- The name and address of the owner of your loan

- A record of your payment history for the last 12 months, or since you were last current on the loan, a statement of what you owe (detailed by principal, interest, fees, and other charges) and the amount you would require to pay to treat the default

- Input and output worths of any Net Present Value test utilized to assess your eligibility

- The most recent appraisal or price opinion the lending institution used to figure out the worth of the residential or commercial property.

- The portion of any maintenance or other agreement that restricts modification of your loan and a statement of what effort was made to get the restriction waived

- A description of any additional documents needed to examine your eligibility for a foreclosure avoidance step


What is a resolution conference?

A resolution conference is an informal conference with your lender to negotiate a foreclosure avoidance procedure. A neutral individual, called a "facilitator," will lead the discussion. The facilitator is trained in mediation and standard foreclosure issues.

What if I am not readily available on the date in the notice?

If you are not available on the date MCM sets, you may be able to reschedule the resolution conference if your loan provider concurs or there is "good cause" for moving the date. You should get in touch with MCM as soon as possible to request a brand-new date.

Do I require a lawyer to represent me at the resolution conference?

You might bring an attorney, a housing therapist, or both to the resolution conference, however you are not required to do so. If you can not afford a lawyer however would like one, complimentary or affordable legal support might be readily available. Please see the "Low-cost legal representation" part of this web page for additional information.

Does my loan provider have to use me a foreclosure avoidance measure at the resolution conference?

No. Oregon law needs your loan provider to send out an agent with total authority to negotiate and devote to a foreclosure avoidance step, however your loan provider is not needed to customize your loan if you are not eligible. Your housing therapist can help you determine which options you might be qualified for so that you can put together the best possible proposal to your lending institution.

What if I have special needs?

Notify MCM as quickly as possible if you need any unique lodgings or a translator at the resolution conference.

How do I understand this program isn't a fraud?

The Oregon Foreclosure Avoidance Program was produced by law and is overseen by the Oregon Department of Justice. Mediation Case Manager is the sole entity appointed by the Department of Justice to handle the daily operations of the program. More info about this program is offered on the Department of Justice site at www.doj.state.or.us.

Unfortunately, there are numerous fraudsters claiming to provide help to having a hard time house owners. If you think you have been a victim of a fraud or have questions about a specific company, consisting of Mediation Case Manager, call the Department of Justice's Consumer Protection Hotline at 877-877-9392.