SALEM, Ore. (AP) — A bill that would reinstate Oregon’s moratorium on foreclosures for those experiencing financial hardship during the coronavirus pandemic passed the state Senate on Monday.
The bill, which would allow homeowners to put their mortgage in forbearance at least through June 30, passed on a 19-9 vote and now moves to the House. The previous state moratorium expired at the end of 2020, but many homeowners continued to struggle to catch up on mortgage payments.
The bill could be extended until the end of the year if Gov. Kate Brown lengthens the statewide emergency period.
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