If you've missed mortgage payments or received a Notice of Default, you still have time to act. This guide covers every option available to Oregon homeowners before the trustee sale.
Oregon's non-judicial foreclosure gives you roughly 120 days after a Notice of Default before a trustee sale. Knowing your deadline is the first step.
Call your lender's loss mitigation department. They may offer a forbearance, loan modification, or repayment plan. Document every call.
If you owe more than the home is worth, a short sale allows you to sell for less than the mortgage balance with lender approval. It avoids foreclosure but takes longer.
If you have equity, a cash buyer can close before the trustee sale date — often in 7–14 days. You pay off the mortgage, keep any remaining equity, and avoid the foreclosure record.
Once the trustee sale occurs, you lose all options. If you're unsure what to do, call us — even if it's just to understand your timeline.
A completed foreclosure can stay on your credit report for 7 years and drop your score by 100–150 points. Selling before the foreclosure is completed prevents this from appearing on your record.
Oregon Housing and Community Services offers free foreclosure prevention counseling. The Oregon Homeownership Stabilization Initiative (OHSI) may also have assistance programs available depending on your situation.
