Federal government makes Lane County mortgage payments
- Written by Oregon Business Team
- Published in High Five
- 0 comments
The federal government is making a year's worth of mortgage payments for about 500 Lane County families.
The federal government is making a year's worth of mortgage payments for about 500 Lane County families.
The U.S. Treasury gave Oregon $100 million to help unemployed or underemployed households, because the state was deemed among those hardest hit by the recession.
The 12 months of mortgage payments are meant to give participating homeowners breathing room to find new jobs, do a short sale, pay off debt, negotiate lower mortgage payments or otherwise prepare themselves to resume their mortgage payments when the year is done.
To qualify, homeowners had to prove that they lost at least 25 percent of their income because of job losses or wage cuts.
Read more at The Register-Guard.
{biztweet}foreclosure lane county{/biztweet}
Last modified onMonday, 19 October 2015 11:39
Related items
Latest from Oregon Business Team
- Energize + Grow Your Workforce: Employee Commute and Remote Work Support + Benefits Options
- Make getting to work a perk by tapping into no-cost employee vanpooling services
- 2023 100 Best Companies to Work For in Oregon Happy Hour Awards Celebration
- Workplace Wellness and Active Commutes
- 100 Best Companies Merchandise