Moratorium on residential mortgage foreclosures will expire as pandemic rages on
Oregon’s foreclosure moratorium ends December 31. Beginning in January, homeowners who used this protection may be expected to resume mortgage payments and catch up on those missed.
The moratorium was established to prevent foreclosures for people who lost income or couldn’t pay their mortgage due to the COVID-19 pandemic.
Delia Hernandez is with Oregon Housing and Community Services. She says there are other resources for homeowners in arrears. “The best thing we could tell people is not to panic. There is help available,” she said. “Homeowners who are behind on payments—they may also start getting calls and mail starting on January 1st- so anyone who is contacted by their lender should respond immediately.”
Hernandez said with the end of the foreclosure moratorium, she expects to see an upsurge in scams with dishonest offers of help. She reminded homeowners to only work with certified housing counselors and remember that their services are free.
Search the full list of free certified housing counselors by county. Homeowners should be aware that some housing counseling agencies may be closed until Jan. 3, 2022 and may take longer to respond due to the holidays and remote working policies.