A foreclosure auction can feel sudden and overwhelming—but even if an auction date is set, you may still have options. In Oregon, and especially in the Portland Metro area and surrounding cities (Newberg, Sherwood, Dundee, McMinnville, Tigard, and Tualatin), acting quickly can make the difference between saving your home, selling it on your own terms, or at least protecting your credit and equity.
This guide explains the key steps to stop a foreclosure auction and regain control of your future.
1. Contact Your Lender Immediately
Your lender may be willing to work with you if you reach out before the auction date. Possible solutions include:
- Loan modification to change your payment terms
- Repayment plan to catch up on missed payments
- Forbearance for temporary relief
Prompt communication shows good faith and can sometimes pause foreclosure proceedings.
2. Explore Legal Protections
Filing for bankruptcy or seeking other court-ordered protections can trigger an automatic stay, temporarily halting the foreclosure auction. This step has serious financial implications, so consult with a qualified attorney to understand how it would affect your credit and long-term goals.
3. Request a Postponement or Mediation
Oregon offers certain foreclosure mediation and postponement options. If you qualify, you may be able to delay or stop the auction while exploring solutions. A housing counselor or foreclosure attorney can help determine eligibility.
4. Consider Selling Your Home Before the Auction
Selling your home—especially to a reputable cash home buyer—can often stop a foreclosure auction quickly.
At Rebuilder Solutions, LLC, we buy houses as-is and can close in as little as 7–14 days, which is often fast enough to beat an auction deadline.
5. Key Takeaway
Even if the foreclosure auction date is set, it’s not too late to act. The sooner you take steps—whether negotiating with your lender, seeking legal remedies, or arranging a fast, as-is sale—the more options you’ll have.
Take the Next Step Toward Resolution
If your family is struggling to agree on what to do with an inherited home:
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Disclaimer:Rebuilder Solutions, LLC is not a law firm, financial advisor, or tax professional and does not provide legal, financial, or tax advice. The information in this article is for informational purposes only. Homeowners should consult a qualified attorney, financial advisor, or housing counselor for guidance on their specific circumstances.