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Local News

Soldier's Family Can Remain in Home for a While


A Bend soldier who has put a national face on the mortgage crisis is home this week as the family faces foreclosure. Soldier Aaron Collette came home to Central Oregon, and on the same day the home was sold back to the bank. Father Tim Collette had an excellent credit score (810) and put $125,000 down on his home, but couldn't weather the storm when his construction business took a big hit. He's working again, but Collette was not given a loan modification. He hopes that others can at least learn from his experience: “I guess the biggest thing is don't give up; there are options out there. There are people who can help you. Maybe not save your house but they can keep you in your house longer." Nearly 3000 homeowners in Oregon are facing foreclosure; about 350 of those are in Deschutes County.

 

 

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