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Oregon House passes new foreclosure moratorium

The proposed legislation, which passed in the House 38-21 Tuesday, moves to the Senate.

Posted: Apr 7, 2021 7:22 AM
Updated: Apr 7, 2021 7:56 AM

SALEM, Ore. -- A measure that would reinstate and extend Oregon's moratorium on foreclosures until Sept. 1 during the COVID-19 pandemic has passed in the state's House of Representatives.

Unlike the bill that was passed by lawmakers last June, the new legislation would not protect commercial property owners, those who own more than five properties or properties with more than four housing units.

The proposed legislation, which passed in the House 38-21 Tuesday, moves to the Senate.

In March, more than 6%, or more than 65,000 Oregon homeowners, said they were not caught up on their mortgage payments, based on the United States Census Bureau's most recent Household Pulse Survey.

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