Senate Bill 628 is congested with too many words for me to read thoroughly but it “sounds” like all it is is a law that says that lenders must send homeowners a notice of clear instructions on who and how to can contact someone via phone or in person to discuss whether they would qualify for a loan modification. (We know that few homeowners will have the opportunity to meet with someone in person)
I know people that have started the process months ago with still no status… it’s a mess. -Kristie McD. Your Realtor. 
To read more about it check out the article on Koin News: CLICK HERE
Tags: homeowners, Lending, loan modifications, Oregon Bill 628, senate bill, Short Sales, underwater