Only FIVE DAYS remain to apply for the Oregon Homeowner Stabilization Inituitive assistance. Deadline for online applications is January 14th. If you are struggling to make your mortgage payments and can qualify under the financial hardship definition, you may receive up to $20,000 in mortgage payment assistance. Almost sixty million dollars was awarded to the State of Oregon from the Federal Treasury to be used specifically to help people save their homes. Homeowners must have grossed less than the average Oregonian income. They must have experienced a 25% reduction in gross income to qualify. Follow the links below to find out all the details. Unfortunately, the program is for owners of single family detached homes only. This means that condominium and townhome owners (or other “shared wall” owners) do not qualify. As a Certified Distressed Property Expert (CDPE) I can educate you on the foreclosure avoidance options. Call any time.
Here is a link to the frequently asked questions page: OHSI -FAQ
Want to know if you may qualify? Here is a link to the online Program Eligibility Test. GOOD LUCK!
All my best,
GORMAN-ROSS Real Estate Network