The Oregon Housing Stabilization Initiative -- a program that can make up to a year's worth of mortgage payments for you, if you have suffered a drop in income -- is opening a new pilot to serve Lake and Klamath Counties now, and then rolling out statewide in early 2012. If you are having trouble paying your mortgage because of income losses or job losses, you might qualify for OHSI assistance, which comes in the form of payments that are then forgiven over five years. Thus, when all is said and done, you might have a year of payments made and wind up not having to pay them back. It's worth checking out to see if you qualify, and you can sign up to be on the email list for more information.
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