Consumer Protection in the Forclosure Process
As we seek to help Oregon home owners who continue to struggle with making mortgage payments, selling their homes, and the foreclosure process. We find that there is still a great deal of confusion and uncertainty about how the process works. There are many sources of information and support for someone going through this difficult time; and there are several important things to remember. Here are two tips for dealing with the foreclosure process effectively.
1. Remain calm and take your time to understand the process. Unless you have ignored all the correspondence and Notice of Defaults and your house will be foreclosed in a few days, You have time to understand the process, define your options, and develop a plan to make the best of a difficult situation.
2. Take some action. Seek to understand and learn about the foreclosure process. Learn what your rights and responsibilities are for your individual situation. There is a huge amount of information available. Check the Internet, your lender, a title company, a local real estate agent that understands short sales and foreclosures, your state government. In Oregon, look up House Bill 3630. It provides a lot of useful information about protection for troubled homeowners.
Oregon Home Savers can be a great resource as well. Contact us and we will do our best to explain the foreclosure process and outline options available to help in any given situation.
Contact us at 503-953-4110 or Toll-free 888-545-0656
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