For Oregonians that have been struggling to make ends meet during the COVID-19 crisis, the next few weeks could be dire.

An estimated 70,000 Oregonians are poised to lose their unemployment benefits by the end of the month as federal help expires. At the same time, statewide protections against evictions and foreclosures are also set to lapse at the end of the month.

For thousands of Oregonians, those programs could be the difference between barely hanging on and financial ruin.

There are proposals in the state House to extend the eviction and foreclosure moratoriums beyond their current December 31st expiration date. But for that to happen, legislators need to hammer out a plan for a one-day legislative session.

So far, after weeks of negotiations, no plan has materialized.

Oregon Rep. Paul Holvey, D-Eugene, has been leading the push to extend the foreclosure moratorium in the state. He says it’s hard to know exactly how many Oregonians are currently at risk of foreclosure: that’s a question for the banks, and since they haven’t been sending out notices of default, the state lacks the raw data.

But he says there’s evidence that a lot of people are struggling to make both mortgage and rent payments across the state. If that continues without a moratorium, owners of homes or other properties face a growing risk of foreclosure.

Continue reading at the source link below.

https://www.opb.org/article/2020/12/13/oregon-foreclosure-eviction-moratorium-coronavirus-relief/

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