OR

Registry entries (prose)

Sale typeWhat you actually buy. A lien sale gives you a claim on the property and the owner keeps it for now; a deed sale transfers the property itself. A redeemable deed transfers ownership but still gives the former owner time to pay you back. See the full glossary for more terms.

deed

ORS 312.200

Interest / penaltyWhat you earn when the owner redeems. Interest is a rate paid over time; a penalty is usually a one-time percentage of the tax or redemption amount. A rate that is bid down during the auction is still interest. See the full glossary for more terms.

interest 1-1/3% per month on delinquent taxes; 5% penalty plus interest on redemption (ORS 312.120(2))

ORS 311.505

RedemptionHow long the former owner has to repay the debt and keep the property after the sale. Your money stays tied up until this window closes, so a long period can mean a multi-year wait on a lien. See the full glossary for more terms.

2 years after judgment of foreclosure, unless sooner redeemed

ORS 312.120

Bid methodHow the winner is chosen: bidding the interest rate down, bidding a premium above the amount owed, a random or rotating draw, or simply buying at the minimum bid. See the full glossary for more terms.

public high-bid auction to highest bidder (after county holds property)

ORS 312.520

Sale timingWhen sales are typically held. Many counties publish sale lists only a few weeks ahead, and some sell continuously or on their own schedule. See the full glossary for more terms.

varies by county (auctioned only after redemption period if not retained/transferred)

ORS 312.520

Source

https://www.oregonlegislature.gov/bills_laws/ors/ors312.html

ORS 312.120 (2-year redemption, 5% penalty); ORS 311.505(2) (1-1/3%/month).

Counties (36)