Oregon gets at least $100M in foreclosure settlement

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Friday, February 10, 2012

Oregon homeowners will receive between $100 million and $200 million in a national foreclosure settlement.

Tony Green, a spokesman for the attorney general's office, said the final figure is uncertain because it depends on the number of people who apply for the money, and their circumstances.
"It will be directed to people who are foreclosed on or people in the process of being foreclosed on," Green said.
Under the agreement, the state of Oregon would also receive $30 million. Green said Kroger will urge the Legislature to set aside part of that money "to keep people in their homes."

Read more at Bloomberg Businessweek.

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