Title 18 · ORS Chapter 18
and that is sold at an execution sale may be redeemed by:
Citation: ORS 18.962
Section: 18.962
18.962 and that is sold at an execution sale may be redeemed by:
����� (a) The judgment debtor;
����� (b) A mortgagor whose interest in the property was sold at the execution sale;
����� (c) Any person with a lien against the property that has a priority that is inferior to the claim of the judgment creditor; or
����� (d) The successor in interest of any person described in paragraph (a), (b) or (c) of this subsection.
����� (2) Subject to subsection (3) of this section, for the purposes of ORS 18.960 to 18.985:
����� (a) All references to a judgment debtor include a mortgagor whose interest in the property that was sold at the execution sale and any successor in interest to such a mortgagor;
����� (b) All references to a judgment debtor include a successor in interest to a judgment debtor; and
����� (c) A person described in subsection (1)(c) of this section, and any successor in interest of that person, is a lien claimant.
����� (3) Any person described in subsection (1) of this section who conveys all of the person�s interest in property sold on execution to a successor in interest may not redeem the property. [2005 c.542 �39]
����� 18.964 Time for redemption. (1) Except as otherwise provided in ORS 18.960 to 18.985, the ability of a judgment debtor to redeem property sold at an execution sale expires unless the judgment debtor redeems the property within 180 days after the date of sale.
����� (2) Except as provided in subsection (3) of this section, the ability of a lien claimant to redeem property sold at an execution sale expires unless the lien claimant redeems the property within 60 days after the date of sale.
����� (3) If any lien claimant redeems property within the time provided by subsection (2) of this section, any other lien claimant may redeem the property from the redemptioner. The subsequent redemption must be made within 60 days after the redemption amount specified in ORS 18.966 or 18.967 is paid to the sheriff. Other lien claimants may thereafter redeem from a preceding redemptioner, in the same manner, as long as each redemption is made within 60 days after the previous redemption. [2005 c.542 �40]
����� 18.965 Notice to seller before end of redemption period. (1) If a person purchases residential real property after a complaint has been filed to foreclose a lien on the real property and before the end of the redemption period provided under ORS 18.964, the purchaser shall provide the following notice in clear and conspicuous type, 14-point or larger, to the seller before purchasing the real property:
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WARNING: You should be careful about this kind of transfer of property. Make sure you understand the documents that you sign. You may still own interests in this property. If you sign the deed to transfer this property, you may be giving up all of your interests in this property, such as redemption rights and rights to �surplus funds.� �Surplus funds� are any extra money if the property is sold at the sheriff�s execution sale for more than what is owed on the property. If you have questions, talk to a lawyer before signing.
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����� (2) At or before the time of recording the deed transferring the real property purchased after a complaint has been filed to foreclose a lien on the real property and before the end of the redemption period provided under ORS 18.964, the purchaser shall file for recording in the official record of the county or counties in which the property described in the deed is situated an affidavit stating that the person complied with the notice requirement under subsection (1) of this section. The affidavit may be affixed to the deed transferring the real property. [2019 c.309 �2]
����� 18.966 Redemption amount payable to purchaser. Subject to ORS 18.968, a claimant may redeem property from the purchaser at an execution sale by paying to the sheriff:
����� (1) The amount paid by the purchaser at the execution sale, with interest at the rate of nine percent per annum from the date of sale;
����� (2) The amount of any taxes paid by the purchaser on the property, with interest at the rate of nine percent per annum from the date of payment;
����� (3) Any amounts necessarily expended by the purchaser to prevent waste, with interest at the rate of nine percent per annum from the date of payment;
����� (4) Any amounts paid by the purchaser on liens superior to the interest of the purchaser, with interest at the rate of nine percent per annum from the date of payment; and
����� (5) Any assessments paid by the purchaser to a homeowners association under ORS 94.550 to 94.783, or to an association of unit owners under ORS chapter 100, with interest at the rate of nine percent per annum from the date of payment. [2005 c.542 �41; 2015 c.120 �1]
����� 18.967 Redemption amount payable to redemptioner. Subject to ORS 18.968, a claimant may redeem property from a redemptioner by paying to the sheriff:
����� (1) The amount paid by the redemptioner, with interest at the rate of nine percent per annum from the date of payment;
����� (2) The amount owing on the lien of the redemptioner, unless the payment is made by a lien claimant whose lien has a priority that is superior to the lien of the redemptioner;
����� (3) The amount of any taxes paid by the redemptioner on the property, with interest at the rate of nine percent per annum from the date of payment;
����� (4) Any amounts necessarily expended by the redemptioner to prevent waste, with interest at the rate of nine percent per annum from the date of payment;
����� (5) Any amounts paid by the redemptioner on liens superior to the lien of the redemptioner, with interest at the rate of nine percent per annum from the date of payment; and
����� (6) Any amounts paid by the redemptioner to a homeowners association under ORS 94.550 to