PORTLAND, Ore. — A statewide moratorium on foreclosures has been extended through the end of 2020 via executive order, Governor Kate Brown announced on Monday.
The ban on foreclosures applies to both homeowners and business owners, extending a bill passed by Oregon lawmakers that barred foreclosures through September 30. That bill required the governor to make an extension 30 days before it expired.
“Every Oregonian deserves a warm, dry, safe, affordable, and accessible place to call home,” said Governor Brown. “That’s especially true during a pandemic, when physical distancing and limiting trips away from home are critical to stopping the spread of COVID-19. Extending the moratorium on foreclosures will ensure that more Oregonians do not lose their homes this year, and that businesses can continue to provide vital goods and services to our communities.”
Brown admitted that the executive order does not represent a long-term solution to a potential looming foreclosure crisis. State leaders plan to work with landlords, lenders, and other stakeholders in the weeks ahead for a better option.
A similar moratorium on rental evictions for non-payment is also set to expire September 30, and Brown said that she is having conversations with community leaders for a solution to that issue as well.
“I’d like to thank legislators for taking action with me this summer to help Oregon renters, as well as homeowners, and business owners,” said Governor Brown. “As this crisis continues, I am confident that lawmakers will again take action to help Oregonians struggling to pay rent and mortgage payments. ”