Oregon Foreclosure Laws and Statutes | OR

Oregon Foreclosure is both judicial and non-judicial.

The majority of loans are foreclosed by the non-judicial method.

Oregon Foreclosure Timeline

Default Date Sale
120 Days 10 Days
Notice of Default Records Trustee's Notice of Sale 1st Publication 4 Weeks Last Day to Reinstate (5 days prior to sale) Purchaser Entitled to Possession

Major Elements of Oregon Foreclosure include:

1. Sending the Notice of Default out for recording and setting a sale date. (Must record Notice of Default, mail and serve Notice of Sale on occupants more than 120 days before the sale date).
2. Publication - 4 consecutive weeks, the last publication must be more than 20 days before the sale date.
3. Oregon foreclosure sale date is set no earlier than 120 days from the Notice of Default.
4. The sale must be conducted between 9 a.m. and 4 p.m. at a place designated in the notice
5. Occupant of premises has 10 days after sale to vacate premises.
6. Sale can be continued up to 180 days (in case of Bankruptcy filing, sale continued indefinitely).
7. A deficiency judgment cannot be obtained through a non-judicial deed of trust foreclosure by advertisement.

Search foreclosure listings in Oregon

Get more information on foreclosures by ordering our best-selling Foreclosure eBooks

 

View the foreclosure laws for another state

Featured Product

foreclosure home study course
"The Investors Complete Foreclosure Home Study Course - Only $47"

Discover a Proven System for Buying Real Estate Foreclosures 30%, 40%, and 50% Below Market Value. Generate Huge Returns Using This Step-by-Step Foreclosure System.

Learn More - Click Here

Build Your Wealth

See our investment properties

Looking for Great Returns and Positive Cashflow? Build your wealth by investing in real estate.

Check out our inventory! »

Foreclosure Newsletter

Sign up now for some great tips, tricks and resources to becoming a savvy real estate investor.
Comodo SSL