Do you have an issue with foreclosure? Or do you need help avoiding it? What are your options?
Contact PDX Renovations, the best Portland Oregon company that offers foreclosure prevention services. Starting today, let us help you avoid foreclosure.
In Portland Oregon – What Is Foreclosure?
What Are The Options For Avoiding Forclosure?
Foreclosure is when homeowners can no longer pay the mortgage payments they agreed on with their mortgage lender. So given this, what is a good option to avoid foreclosure?
As an effect, the lender can seize properties, remove homeowners and residents, and sell their homes, following the program on which both sides agreed while creating the mortgage contract. This article should be useful if you are currently trying to avoid Oregon foreclosure.
Selling Your Portland House for Cash
Is One Of The Options For Stopping Foreclosure
Selling a house is usually a complicated and costly process. Real estate agents often charge homeowners thousands of dollars for their services. When homeowners are already struggling with the interest rate and missed payments of mortgage payments, they might not want to add those costs.
A better solution or option for this situation is selling the house to a home investor for cash. This is a good form of foreclosure prevention that gives homeowners instant help with paying their mortgages in the foreclosure process. This way of handling your mortgage means giving up your home to your mortgage company.
However, this service allows homeowners to avoid other sad consequences of not paying off the mortgage. With a good mortgage assistance program, you might even walk away with some financial resources that can give you some option for relief and support you while starting your new life.
Even though dealing with your mortgage payments this way still means letting go of your home, it can help you avoid financial consequences. You might even end the deal with some money to start over.
If you need assistance with dealing with foreclosure prevention, feel free to contact PDX Renovations. We are one of the best mortgage assistance agencies in Oregon. With us, you will feel quick relief, as we don’t charge any additional fees as a law firm would. We have helped countless homeowners in Portland, Oregon, with all legal sides of the procedure with all our resources.
Who Can Help Me Avoid Foreclosure In Portland, OR?
Best Stop Option Alternatives
If you notice that you will have issues with paying for your housing mortgage, be sure to contact your lender as soon as possible.
Tell them if your income is lower and you will have issues with payment.
By doing this, your lender has time to prepare some programs that can bring you a bit of relief and allow you to keep your house. Sometimes homeowners in Oregon make the terrible mistake of waiting until they don’t have any financial resources instead of searching for assistance earlier. As an effect, foreclosure prevention might not be possible.
Making Home Affordable (MHA) is one of the housing assistance programs that work in Oregon. It gives homeowners vast resources that they can use to keep their homes and get out of a situation safely. In this program, you can schedule free counseling about the foreclosure process.
Check with Portland’s housing agency if they have any program that supports homeowners. You can also discuss a special relief program because of COVID-19. If you are looking for an Oregon company that offers assistance and counseling regarding your mortgage or mortgage payment, contact PDX Renovations LLC.
How Can I Stop Foreclosure in Oregon?
What options for avoiding foreclosure can you look at if you find yourself in this position? Read on as we take you through the main options that may be available to you.
Reinstating the Loan, an OR law
Thanks to Oregon law, you can reinstate your loan at any time until five days before the sale. According to this resolution, there is a limit on the money that a legal expert can charge for the process or trustee fees. These rules protect the consumer.
Redeeming the Property Before the Sale
This solution might work well for you if you still have some resources. To redeem, you are obliged to pay off the full amount of the loan before performing a foreclosure sale. According to Oregon’s laws, there is no post-sale redemption period after a nonjudicial foreclosure.
However, according to legal documents, the trustee can rescind the foreclosure sale and void the deed in Oregon. It has to be done within 10 days. Additionally, the borrower and lender must agree on a foreclosure avoidance measure to make this work.
Filing for Bankruptcy & Oregon Timing Option
Sometimes as a consumer, you might need to file for bankruptcy. The best way to do it is to file for bankruptcy a day or a few days before the foreclosure. After you do it, according to Oregon’s laws, “automatic stay” goes into effect.
At least temporarily, you can stay at your home, and your home lender cannot collect the debt. If you think that your income will allow you to get back your property in the future, this method can be a good solution for you. While deciding on this step, be sure to seek assistance.
How Can The U.S. Department of Housing and Urban Development (HUD) Can Help
The HUD offers very low-cost or even free housing counseling in Oregon and other states.
Housing counselors can explain your legal situation to you and discuss how Oregon’s laws can work to your advantage. If you want to use this program and get free counseling in Oregon, call (800) 569-4287 or TTY (800) 877-8339.
How Can I Avoid Paying for Foreclosure?
Contact Oregon Housing and Community Services
Oregon Housing and Community Services operates in Oregon and has various programs that aim to offer affordable housing for all people living there, even those with lower and moderate incomes.
Call them if you’re searching for a resolution to your situation and require foreclosure help in Portland. They offer various services and assistance for everyone, no matter their status or income. They also have a special program dedicated to people affected by COVID-19.
Give Up Your House In a Short Sale or Deed
For some homeowners, the mentioned programs might not be suitable. In the situation they face, they might want to give up their house and move on. If you decide on this solution, be sure to search for company assistance that offers this type of service in Oregon.
Work Out a Mortgage Or Loan Modification
A “loan modification” is a form of agreement that the borrower and mortgage lender do to adjust the terms of a mortgage loan program. Usually, the consumer wants to have lower monthly mortgage payments suitable for their current income.
If you create a good agreement program, your OR lender can set aside part of the debt and not accrue interest for this amount.
Foreclosure prevention is possible, but you have to act fast.
We know that COVID-19 has put many homeowners in a challenging situation. We can give you resolution counseling and legal advice and work out the program to help you deal with this difficult situation.
Foreclosure Prevention Options Are Not Income Based
No matter your income, our experienced counselors will help homeowners like you get out of this situation and avoid foreclosure.
Don’t face financial hardship. Get help. It could start with missed payments to your mortgage company, but you need to act fast to stop foreclosure. There is no time to wait.
Our counseling company is based in Portland, Oregon, but we offer our services to homeowners in other places in Oregon.
Grab your phone and give us a call – (503) 560 6620
If you are worried about foreclosure in Portland, Oregon – You can:
A – Reach out through our website – Contact Us.
B – Fill out the simple form below.
Our hud-approved housing counselor will contact you to discuss legal resolutions, and don’t worry about payment for our services: we will offer you a great deal.
Foreclosure Prevention Options And Foreclosure Alternatives
Mortgage Lender & Refinancing Loan
You don’t have to worry about Oregon foreclosure on your own. We want you to avoid foreclosure as much as you want foreclosure avoidance yourself! We help homeowners who may be behind on their monthly mortgage.