In 2021, Oregon passed HB 2009, a statute that created several important rights for most mortgage borrowers affected by the COVID-19 pandemic. Similarly to its predecessor law (HB 4204), HB 2009 allows borrowers to defer payments during the emergency period, initially defined as January 2021 through June 30, 2021. HB 2009 also creates a moratorium…
Homeowners who’ve experienced a financial hardship during the COVID-19 pandemic may be eligible for help from the Oregon Homeownership Stabilization Initiative (OHSI). OHSI distributed the U.S. Treasury’s Hardest Hit funds, which were allocated to Oregon homeowners in the wake of the Great Recession. Those programs have ended. However, the new COVID-19 Mortgage Support program is…
You may be entitled to protection under a new Oregon law that protects property owners from foreclosure during the COVID-19 pandemic.