Oregon Foreclosure Law and Procedure

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

Lenders use either a mortgage or deed of trust.
Lenders primarily use a deed of trust and foreclose by trustee sale.
A deficiency judgment is not allowed after a non-judicial foreclosure (foreclosure by advertisement.)
Redemption is allowed within 180 days of a judicial foreclosure.

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.

Posted by Ralphmcd3 on Sat, 02/23/2008 - 17:36

Re: Oregon Foreclosure

I can't speak to Oregon law and procedures, but in California landlord self-help is strictly forbidden. I'd be surprised if Oregon didn't have similar laws against self-help. I think what happens is that new owners at auction have no experience as landlords (and don't realize they have become ones). After the new owners purchase their new home they believe they have the right to immediate possession.

Under federal law, if the home is occupied by tenants the new owner/landlord needs to give the tenants at least 90 days notice prior to eviction. If the new owners don't intend to occupy the property they may need to honor the lease. There's more about that elsewhere on this website.

Posted by Ralphmcd3 on Sat, 02/13/2010 - 07:40.

Oregon foreclosure

My client's home is set to be auctioned on Friday, Feb. 11th. This Friday.

Can the new owner come and drill out locks and lock him out or are they required to go through an eviction process? I have heard some tales about locks being drilled out and locking the people out of the house with all of their possessions inside.

Thanks for any info!

Posted by Anonymous on Tue, 02/09/2010 - 16:59.

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