TIGARD, Ore - After years of negative housing news, sales are up and so are prices, albeit slightly.
But for thousands of families who have lost their homes in Oregon during the recession, that doesn't matter.
It's why the largest banks continue to hold load assistance events. Bank of America is the latest, hoping a face-to-face meeting can keep homeowners at home.
The homeowner assistance eventsare where a one-on-one meeting with a bank representative can make all the difference in getting a loan modified to folks can keep their homes.
For the third time, Bank of America is back in the Portland area. This time at the Embassy Suites in Tigard at Washington Square. It's for bank customers who are having financial problems in making their mortgage payments.
Homeowners will meet with loan specialists to go over their particular situation. Bank of America reports since 2009 it has modified some 11,000 loans in Oregon.
Our primary goal is to do everything we can to avoid that foreclosure, so if it's staying in your home, applying for a loan modification, if your interested in doing a short sale or other type of liquidation options and giving you information, said Tamika Eubanks, vice president of mortgage outreach for Bank of America.
Invitations were sent out to more than 4,000 homeowners within a 100-mile radius of Portland. So far, only 200 have registered. The bank hopes more will register. They will also take walk-ins, with the proper paperwork.
The event runs Thursday throughout Saturday 8am until 8 p.m.