Having financial difficulties is a common problem that everybody can live trough once or even more times. Nobody do not know the best solution for it or how can it be stopped. The best is when you can avoid it.
In Oregon people have come out with several ideas about it. Mostly they try to get a solution for it which is good for the borrower and for the lender too. They do agree that the most important thing is that the borrower speak about his problem in time and do not hesitate to contact and answer to the lender`s emails or letters, they really appreciate if you do so. There are several rules how the foreclosure procedure must rule on. The best thing is that they always give the opportunity to the borrower to get a solution for his financial problems.
They also have judicial and non-judicial foreclosure procedure. Lawyers claim that the worst thing that could happen when the client is panicked or is stressed. The best thing is if they can use their minds and figure it out a creative and good solution for the given situation. The client, the borrower is never alone. Organizations and lawyers are always there to help. The best is when they know the problem in time because then they can act more properly and easier than later. As time passes the problem grow and grow bigger and bigger.
Do not be afraid to use the help of others. They might have practice in it or they even know people who can finance you for a period of time in order to stop the foreclosure procedure and keep the house and your family safe. Most of them are for free. Keeping in touch with the lender all the time is also a good idea because he can provide you new information or even can advice you some loan modification types in time.
They are not the bad guys, they helped you once, lending you money, and now your duty is to pay them back. If you cannot do it they also give you another opportunity. After this whole procedure takes place the foreclosure. They do not gain a lot if they take away your property. But this is the rule and they have to take into consideration.
The advice for people in Oregon is to take into consideration their financial situation and there is an unexpected problem contact the lender as soon as possible.