Aug 042010

The Obama Administration has approved $600 million in emergency funds to help unemployed homeowners nationwide avoid foreclosure. $88 million of that is aimed at Oregon where a number of local homeowner assistance organizations are already trying to help those who face the loss of their home through first or second liens, facilitate short sales and/or deeds-in-lieu of foreclosure and help in paying past due mortgage payments. It’s estimated that over seven thousand Oregon homeowners can be helped by the new program.

The story appears in this morning’s Portland Oregonian.
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