Oregon was one of the states awarded money to help its communitites suffering from high foreclosure and unemployment rates. One of the programs Oregon designed was to help eligible families pay their mortgage payments - up to $20,000 or 12 months, whichever is less. Jackson County Oregon was given 276 slots for this program by the State of Oregon and Josephine County was given 216 slots. Once the deadline passes on January 14th for online applications (January 15th for in person ones), the State will hold a random drawing for each County that was awarded slots for this funding. In Jackson and Josephine County, there have not yet been enough applicants to apply for all the slots!!!!
If you or someone you know has suffered a loss of income of 25% and are below 120% of the State median income for your family size, HURRY if you wish to apply for this program if you live in the home and own no other residential real estate!!!! More information/details and the application can be found at www.oregonhomeownerhelp.org.
See you out there!