Section 88.106 – Sale and redemption; effect of sheriff’s deed.
A judgment of foreclosure shall order the mortgaged property sold. Property sold on execution issued upon a judgment may be redeemed in like manner and with like effect as property sold at an execution sale pursuant to ORS 18.860 to 18.993, and not otherwise. A sheriff’s deed for property sold on execution issued upon a […]
Section 88.110 – Duration of real property mortgage lien; when suit for foreclosure barred.
Except as provided in ORS 88.120, no mortgage upon real property shall be a lien upon such property after the expiration of 10 years from the later of the date of maturity of the mortgage debt, the expiration of the term of the mortgage debt or the date to which the payment thereof has been […]
Section 88.120 – When foreclosure not barred by ORS 88.110.
(1) Foreclosure of a mortgage on real property is not barred by ORS 88.110 when the mortgage is held of record by the State of Oregon or when all the following facts exist at the time the foreclosure suit is commenced: (a) Any portion of the mortgage debt, or any interest thereon, has been voluntarily […]
Section 87.920 – Recording of document not to create lien, affect title or constitute notice except as authorized by law.
Except where filing of the document is specifically required or authorized by statute, no document filed for recording or otherwise with any public officer in this state before or after October 15, 1983, shall create a lien or encumbrance upon or affect the title to the real or personal property of any person or constitute […]
Section 87.930 – Secretary of State to furnish list of persons who have filed financing statement.
If the Secretary of State receives notice of a lien created under ORS 87.226, 87.705 or 87.755, the Secretary of State, upon request, shall furnish the person who filed the lien with a list of persons who have filed a financing statement under ORS 79.0501 that perfects a security interest in the inventory, proceeds or […]
Section 88.010 – Foreclosure of lien by suit; judgment for amount of debt; other remedies; requirements for complaint in proceeding to foreclose residential trust deed; stay.
(1)(a) Except as otherwise provided by law, a lien upon real or personal property, other than that of a judgment, whether created by mortgage or otherwise, must be foreclosed, and the property adjudged to be sold to satisfy the debt the lien secures, by bringing suit. A judgment in the suit must include a declaration […]
Section 88.020 – Joinder of foreclosure suit involving real property with suit to quiet title.
Any cause of suit involving real property provided for in ORS 88.010 may be joined with any cause of suit provided for in ORS 105.605 in the same complaint or cross-complaint, if both causes of suit involve the same real property or some part thereof and are separately stated. Any person may be joined as […]
Section 88.030 – Other lienholders and debtors as defendants; effect of failure to redeem.
Any person having a lien subsequent to the plaintiff upon the same property or any part thereof, or who has given a promissory note or other personal obligation for the payment of the debt, or any part thereof, secured by the mortgage or other lien which is the subject of the suit, shall be made […]
Section 88.040 – Foreclosure suit during and after action for debt.
During the pendency of an action for the recovery of a debt secured by any lien mentioned in ORS 88.010, a suit cannot be maintained for the foreclosure of the lien, nor thereafter, unless judgment is given in such action that the plaintiff recover the debt or some part thereof, and an execution thereon against […]
Section 87.870 – Definitions for ORS 87.870 to 87.876.
For purposes of ORS 87.870 to 87.876, “customer,” “mold” and “molder” have the meanings given those terms in ORS 98.470. [2001 c.863 §2]