© 2022 KLCC

KLCC
136 W 8th Ave
Eugene OR 97401
541-463-6000
klcc@klcc.org

Contact Us

FCC Applications
Oregon's Willamette Valley seen from Eugene
NPR for Oregonians
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Governor Extends Foreclosure Moratorium

oregon_state_capitol2.jpg
Chris Phan / Flickr
/

Oregon Gov. Kate Brown announced Monday that she has extended a moratorium on residential mortgage foreclosures until the end of the year.

  

The extension is meant to give homeowners whose income has been impacted by the pandemic more time to catch up financially. The moratorium was set to expire earlier this year,  but Oregon lawmakers approved a bill in May that authorized the governor to extend it. 

Brown did that once already. The new extension, though December 31st, will be the last one authorized by the bill, unless lawmakers extend it again during a special session. 

It means lenders cannot initiate foreclosure proceedings if the property owner informs them that they’ve experienced a loss of income due to the pandemic. It only applies to people who own fewer than five properties, and only properties with less than five units apiece.

 
"I am committed to ensuring that Oregonians have a warm, dry, safe place to live during this pandemic," said Brown in a press release. "Extending the temporary residential foreclosure moratorium another three months will prevent removal of Oregonians from their homes by foreclosure, which would result in serious health, safety, welfare, and financial consequences, and which would undermine key efforts to prevent spread of COVID-19."

Chris Lehman has been reporting on Oregon issues since 2006. He joined the KLCC news department in December, 2018. Chris was born and raised in Pennsylvania, and graduated from Temple University with a degree in journalism. His public broadcasting career includes stops in Louisiana and Illinois. Chris has filed for national programs including “Morning Edition” and “All Things Considered.”
Related Content