Oregon Foreclosure Law and Procedure

Here is a summary of foreclosure laws and rules for the State of Oregon:

  • In Oregon foreclosure law permits either a deed of trust or mortgage.
  • Lenders primarily use a deed of trust and foreclose by trustee sale.
  • Deficiency judgments are allowed for the typical non-judicial foreclosure. However, a deficiency judgment is not allowed after a non-judicial foreclosure (foreclosure by advertisement.)
  • Redemption is allowed within 180 days of a judicial foreclosure.
  • Much more information is available throughout this website, but for definitive advice ask a Oregon lawyer.

If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Oregon those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.