Oregon Foreclosure Avoidance Program
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.
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What To Expect
If you or your lender requests a resolution conference and you pay the required fee on time, you will receive:
- Free housing counseling
- A secure portal to exchange documents with your lender
- Information about your loan
- A face-to-face meeting with your lender
- Neutral oversight by a professional facilitator
The facilitator's goal is to help you and your lender work toward an alternative to foreclosure – such as a loan modification, forbearance, short sale or a deed-in-lieu of foreclosure. Your housing counselor may be available to attend the Resolution Conference with you to aid in the negotiation with your lender.
How To Get Started
- Pay the required fee by the deadline in the notice. The fee is either $50 or $175 depending on your household income. If you miss the fee deadline, you waive your right to participate and your lender may commence foreclosure at any time.
- Meet with a housing counselor - It's helpful to bring as much information as possible about your loan and finances to your initial meeting. Click here for a list of required documents.
- Submit documents your lender needs to evaluate you for foreclosure alternatives.
- Attend the Resolution Conference. You may bring along a housing counselor, an attorney, or both.
If you want to request a Resolution Conference, you must first meet with a housing counselor. For more information, contact a housing counselor, call the service provider at 855-658-6733, or visit ForeclosureMediationOR.org.