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.
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