July 11, 2012

By David Nguyen

Great news for Oregonians struggling to make their mortgage payments - the Oregon Foreclosure Avoidance Mediation Program goes into effect today, providing those facing foreclosure the right to meet with their mortgage lenders and a mediator to seek alternatives.

The mediation program was created by Senate Bill 1552.  The bill also prohibits mortgage lenders from processing foreclosures before they complete foreclosure mediation discussions. 

Starting today, homeowners who receive a notice of default will also receive information on free foreclosure counseling and low-cost mediation services.

The program will help provide a great safety net for our community during this challenging time.

Online: http://www.foreclosuremediationor.org/

Email: msp@ForeclosureMediationOR.org

Phone: 855-658-6733

Foreclosure mediation seeks to keep homeowners above water

The Oregonian Editorial Board

Ore. law gives homeowners more leverage against foreclosure

Kerry Tomlinson on KATU News