Oregon Mortgage Assistance Program Deadline Near! Financially Stressed Home Owners Must Apply by 14 Jan

If you are unemployed or underemployed, your income has decreased and you are financially distressed -- there is a program that may be able to help.

The Mortgage Assistance Program (MPA) has been funded with $100 million dollars and will help approximately 5000 home owners.

Applicants must apply on line at Oregon Home Owner Help  no later than 14 January 2011.  They then must schdule an appointment with an intake advisor who will review the application and required paperwork. Documents will be submitted to the State of Oregon for a random drawing to select the program participants.  There is a brief on line eligibility test that will help you determine if you are eligible for the program.

The program will pay the participants' mortgages for up to one year, or $20,000 which ever comes first. The funds being used are part of the Oregon Homeownership Stabilization Initiative (OHSI).

If you, a friend or family member is currently in a situation where MPA may help, please act on this information.  You or they, may be one who receives the assistance.

This post originally published at Alexsandra Stewart, Portland Oregon Real Estate Blog