Falling behind on mortgage payments can feel overwhelming, but it doesn’t have to end in foreclosure. Homeowners across Oregon—including Portland, Newberg, Sherwood, Dundee, McMinnville, Tigard, and Tualatin—have real options to regain control and move toward a fresh start.
Here’s what you need to know.
Understanding Foreclosure in Oregon
Foreclosure in Oregon typically begins after several missed mortgage payments. The lender may issue:
- Notice of Default – a formal warning that payments are overdue.
- Notice of Trustee’s Sale – an announcement of a scheduled foreclosure auction.
Knowing these key stages helps you act before deadlines close in.
Your Options if You’re Behind on Payments
- Communicate with Your Lender
- Ask about repayment plans or loan modifications.
- Explore temporary forbearance to pause or reduce payments.
- Ask about repayment plans or loan modifications.
- Sell Before Foreclosure
- You can sell your home up to the day of auction.
- Sale proceeds pay off the mortgage balance and late fees, stopping foreclosure.
- You can sell your home up to the day of auction.
- Consider a Cash or “As-Is” Sale
- No repairs required.
- Closing can happen in as little as 7–14 days—ideal when time is critical.
- No repairs required.
- Seek Professional Guidance
- Work with experienced real estate investors or agents familiar with Oregon foreclosure laws.
- Request a confidential property evaluation to understand your home’s current market value.
- Work with experienced real estate investors or agents familiar with Oregon foreclosure laws.
Benefits of Acting Early
- Protects your credit score
- Preserves as much equity as possible
- Reduces stress and opens doors to your next housing option—whether that’s renting or buying again later
Next Steps Toward a Fresh Start
If you’re facing mortgage challenges in the Portland Metro or Yamhill County areas, quick action is key.
📞 Contact Rebuilder Solutions, LLC at 503-862-3116 for a free, no-obligation property evaluation. Or, for more information, CLICK HERE
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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.