Roundtable Discussion About Oregon’s New Foreclosure Law

Roundtable Discussion About Oregon's New Foreclosure Law

 

Occupy Housing-Foreclosure Action Committee (OH-FAC) will offer a roundtable discussion about a new Oregon foreclosure law, Senate Bill 1552, at EWEB’s Community Room, 500 E. 4th Avenue, at 7 p.m. on Thursday, August 30. OH-FAC supports housing as a human right and works with homeowners facing foreclosure

Under SB 1552—which created new provisions and amends ORS 86.705, 86.735, 86.740, 86.742, and 86.755—troubled Oregon homeowners now have the right to a mediation session with their bank, in which the bank must deal with them in an honest and transparent manner. The roundtable will discuss the actions homeowners must take to benefit from the protections offered under this law.

Chip Coker of Mediation Service and John Hoops, a broker for Windermere Realty, will join a homeowner dealing with foreclosure to talk about the opportunities and challenges offered by SB 1552, which is being called one of the best foreclosure laws in the country.

OH-FAC invites area homeowners to join us to learn how to make mediation work—whether or not mortgage payments are current—and to learn more about the rapidly changing legal status of the foreclosure crisis and how it may affect individuals, families, our local government, and the economy.

contact: Fergus Mclean
(541) 937-3034