The influx of distressed-property housing inventory in Central Oregon may have slowed a bit, but there are still plenty of area homeowners who are struggling to make their mortgages. That’s one reason that NeighborImpact, the private nonprofit organization dedicated to serving economically challenged  Central Oregonians, offers a Foreclosure Prevention Workshop once every three weeks.
The workshops are designed to address the educational needs of residents who are unable to make their mortgage payments or anticipate having trouble making their payments in the future.
The workshop explains what to do if you fall behind on your mortgage payments, details the options you have if you’re unable to pay your mortgage and defines foreclosure-related terms such as “short sale” and “deed in lieu.” It also covers the basics of loan refinancing and loan modifications, outlines Oregon’s foreclosure regulations and timeline; and discusses the federal “Making Home Affordable” plan.
After attending the workshop, participants can schedule an appointment to meet one-on-one with a NeighborImpact housing counselor.
Both the workshop and counseling are free and open to the public; however NeighborImpact only can provide counseling to people who are at risk of losing their primary residence. For more information or to register for the workshop, call (541) 318-7506, x109; or email
 Upcoming workshop schedule:
Oct. 24: Redmond NeighborImpact office, 2303 SW First St.
Nov. 14: Bend office, 20310 Empire Ave., Suite 8110
Dec. 5: Redmond office, 2303 SW First St.
Dec. 19: Redmond office, 2303 SW First St.
Meanwhile, if you’re considering asking your bank for a permanent loan modification, check out the video below. It explains what you’ll need to know and do before attempting the process: