Section 88.710 – “Lien” defined.
As used in ORS 88.710 to 88.740, “lien” means any charge upon property for the payment or discharge of a debt, tax or duty due the State of Oregon or any agency of the state, including judgment liens, recorded warrants or any notice or claim of amount due given by the state, or an agency […]
Section 88.720 – Acquisition, administration and disposal by state of property subject to lien held by state.
Whenever in the discretion of the Department of Veterans’ Affairs such a procedure would appear beneficial to the state, and on advice of the state agency charged with collection of a tax, duty, debt or any sum owing the state for which a lien securing such debt, tax or duty is being foreclosed by the […]
Section 88.740 – Investment of surplus moneys in Oregon War Veterans’ Bond Sinking Account.
(1) The Department of Veterans’ Affairs is authorized, in whatever manner the department considers advisable and to the extent necessary to carry out the provisions of ORS 88.710 to 88.740, to use the surplus moneys in the Oregon War Veterans’ Bond Sinking Account, other than the moneys therein which are derived from tax levies and […]
Section 88.100 – Payment of amount due before foreclosure sale; judgment for payment of installment not due.
If, before a judgment is given, the amount then due with the costs of suit is brought into court and paid to the clerk, the suit shall be dismissed. If the same is done after judgment and before sale, the effect of the judgment as to the amount then due and paid shall be terminated, […]
Section 88.103 – Sale of real property after mortgage foreclosure.
(1) When real property is sold pursuant to a judgment foreclosing a mortgage and the proceeds of the sale are not adequate to satisfy the amounts secured by the mortgage, all judgment remedies for collection of the unsatisfied amounts expire when the sale is made if: (a) The mortgage was given to a seller to […]
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 88.050 – Judgment foreclosing more than one lien on same property.
When it is adjudged that any of the defendants have a lien upon the property, the court shall make a like judgment in relation thereto, and the debt secured thereby, as if such defendant were a plaintiff in the suit. When a judgment is given foreclosing two or more liens upon the same property or […]
Section 88.060 – Enforcement of judgment.
(1) A judgment of foreclosure and sale may be enforced by execution as provided in this section. (2) If a judgment of foreclosure and sale is given, an execution may issue against the property adjudged to be sold. If the judgment is in favor of the plaintiff only, the execution may issue as in ordinary […]