Mortgage

Oregon House approves bill for senior reverse mortgage holders

Low-income seniors who were kicked off the state’s senior property tax deferral program because they had reverse mortgages will be allowed to permanently return to the program under a bill approved by the House on Wednesday. House Bill 2489 would grandfather about 1,500 low-income seniors and disabled residents into the program after the 2011 Legislature set stricter qualification criteria..

The bill is now heading to the state senate for consideration.

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