The most immediate result of missing your mortgage payment during your Oregon Chapter 13 is the filing of a Motion For Relief From Stay by your lender’s attorney.
A Motion For Relief From Stay, if granted by the Portland Bankruptcy Court, enables your lender to foreclose on the property during your Chapter 13 Bankruptcy because of your missed payments. If you get this Motion in the mail, you should immediately contact your attorney. In Oregon, a settlement can often be reached with the lender’s attorney so that the lender does not foreclose. Usually this means that any missed payments are cured within six months, providing ongoing monthly mortgage payments are made in the future.