The Oregon father and son threatened with foreclosure on their Newberg property have received another reprieve, the bank holding their mortgage said Monday.
John Cox, who was featured in the 2013 HBO documentary “American Winter” about the plight of unemployed families in the Portland area, faced auction of his property Wednesday. According to court documents, Cox owes more than $551,000 in principal, interest, taxes and other expenses on the nearly 5-acre property.
Wells Fargo spokesman Tom Unger said Monday, “The foreclosure sale has been postponed.”
“We are continuing to work with Mr. Cox,” Unger said in an email.
Cox said Monday afternoon, “I’m excited. There’s possibilities.”