Avoiding Foreclosure

It doesn't have to end in foreclosure or repossession

Foreclosure is the last resort. If you're facing financially difficult times and you're unable to make your payments, Oregonians can help you find workable solutions. Different options may be available, depending on the type of loan.


Some possible outcomes:
  • A temporary or permanent loan modification
  • An agreement to conduct a short sale
  • A deed in lieu of foreclosure
  • Sell your asset (home, car, etc.) and repay your loan in its entirety
  • Repayment plans if your asset doesn't sell for an amount that covers your loan balance
Please DO NOT Delay

We want to discuss your options, but please do not delay. Contact us as soon as you realize you can't afford to make your payment.

  • For Mortgages & Home Loans: call or text 503.239.1120
  • For all other loans: call or text 503.239.1123

Prepare your documentation

To evaluate your eligibility for the options listed above, we may ask for the following documents. Please have them available if requested:

  1. Detailed letter describing your financial hardship.
  2. List of assets, including the amount owed and the value (home, other real estate, retirement funds, investments, checking accounts, savings accounts, automobiles, other).
  3. Amount of monthly income.
  4. List of expenses and monthly amount owed (mortgage, auto payment, auto insurance, auto fuel/repairs, credit card payments, child support/alimony, day care/tuition, food, utilities, medical, phone, cable TV, entertainment, other, etc.).
  5. Statement of net worth (total assets minus total liabilities).
  6. Two current pay stubs not more than 45 days old for all sources of income including pensions, Social Security, unemployment compensation, etc.
  7. Benefit statements from Social Security, disability, unemployment, retirement, or public assistance
  8. Two recent bank statements not more than 60 days old for all accounts including investment accounts, retirement accounts, etc.
  9. Most current year’s W-2s, if not self employed.
  10. Two most recent years’ income tax returns and a current profit and loss statement (1040’s only, please no W-2s) if you have self employment income.

Other resources: