Oregon foreclosure moratorium extended until end of the year

Sep 1 2020, 10:08 am

On the night that the extension window was set to close, Oregon Governor Kate Brown extended the crisis-relief foreclosure moratorium until the end of 2020.

Current Executive Order 20-37 has been in place since the global pandemic hit the state of Oregon, and it will now continue beyond the September 30 date it was set to expire.

“Every Oregonian deserves a warm, dry, safe, affordable, and accessible place to call home,” said Brown in her update. “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.”

For now, EO 20-37 will allow businesses and Portlandians the ability to maintain their current occupancy through the end of the year. According to Governor Brown’s office, they will be speaking with landlords, lenders, and stakeholders in an attempt to work on a longer-term solution.

“I’d like to thank legislators for taking action with me this summer to help Oregon renters, as well as homeowners, and business owners,” continued 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.”

Wyatt FossettWyatt Fossett

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