Tuesday, December 28, 2010
POLK COUNTY -- Homeowners in Oregon struggling to pay their mortgages can apply online for the state's Mortgage Payment Assistance Program until Friday, Jan. 14.
The application is available online at www.oregonhomeownerhelp.org.
All eligible homeowners applying within the application period will have an opportunity to receive help with their payments, according to a state press release.
Program participants will be randomly selected from eligible applicants and notified soon after the application's closing date. The program is not first-come, first-served.
The MPA is the first program of four to be launched under the Oregon Homeownership Stabilization Initiative (OHSI).
MPA is the biggest with $100 million designated to help approximately 5,000 homeowners pay their mortgages for up to one year or to a maximum payout of $20,000, whichever comes first. The U.S. Treasury granted Oregon a total of $220 million for foreclosure prevention programs.
Each applicant will fill out an online application then meet face-to-face with an intake adviser to answer questions and to ensure that all necessary documents are submitted.
Polk County residents without Internet access can go to the Polk Community Development Corporation for assistance. Those needing help should contact Diana Cvitanovich at 503-831-3173 or e-mail email@example.com.