The following programs available through the Oregon Homeownership Stabilization Initiative
Loan Refinancing Assistance Pilot Project (LRAPP)
The Loan Refinancing Assistance Pilot Project (LRAPP) is now available in Crook, Deschutes, Jackson, Jefferson and Josephine counties. This program is designed to address the needs of homeowners in these counties, who suffer disproportionately from the foreclosure crisis in Oregon.
Visit their website here.
Rebuilding American Homeownership Assistance Pilot Project (RAHAPP)
Developed in partnership with Oregon’s Senator Jeff Merkley, the Rebuilding American Homeownership Assistance Pilot Program (RAHAPP) aims to provide a new opportunity for underwater homeowners to refinance their mortgage. The program has been expanded and is now available in all Counties statewide.
Visit the RAHAPP website to learn more about the program and complete an eligibility questionnaire.
Oregon Foreclosure Avoidance Program (OFA)
The Oregon Foreclosure Avoidance (OFA) Program is a mandatory, statewide foreclosure mediation program. Before most lenders can begin foreclosure of a residential trust deed, they must request a face-to-face meeting with the homeowner through OFA. The process is simple. The homeowner pays a fee, meets with a housing counselor, submits documents, and shows up at the meeting. The lender must produce information about the loan and send a representative with complete authority to negotiate and commit to a foreclosure alternative.
Learn more about the program from a local housing counselor or by visiting the OFA website, www.ForeclosureMediationOR.org