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Ginny's Story

Oregon legislators will be debating a three-bill foreclosure package this session.We recently had the opportunity to meet Salem resident Ginny Real at a community foreclosure forum put on by Economic Fairness Oregon. Fighting back tears, Ginny shared the story of how she lost her South Salem home. She and her husband lived there for 24 years. They had a comfortable life. They were happy. But when her husband suffered major medical issues and required brain surgery, he and Ginny realized they would need to restructure their finances. They sought a loan modification on the $54,000 remaining on their home that was worth more than $150,000, but were strung along for months, resubmitting piles of paperwork multiple times. One day last July, Ginny got the news she had waited so long for. The bank said her modification had gone through. The next day, her home was sold on the courthouse steps.

Ginny will share her story with members of Oregon's Senate at a hearing on foreclosure legislation this Monday, Febraury 6th at 8 a.m. The Oregon legislature will be debating a package of three bills this session that would provide protections for homeowners. If passed, these bills would save countless Oregonians from suffering the same fate as Ginny.

Please call your legislator and ask them to support these necessary consumer protections.