Judgments

ORS 18.964
Time for redemption


(1)

Except as otherwise provided in ORS 18.960 (Definitions) to 18.985 (Sheriff’s deed), 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 (Redemption amount payable to purchaser) or 18.967 (Redemption amount payable to redemptioner) 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]

Notes of Decisions

Under Former Similar Statute (Ors 18.572)

Assignee of unjoined pendente lite junior lien creditor had right of redemption under this section because her interest was foreclosed by virtue of operation of doctrine of lis pendens. Land Associates v. Becker, 294 Or 308, 656 P2d 927 (1982)

Under Former Similar Statute (Ors 18.582)

"Date of sale" refers to date sheriff sells property at execution sale. Maas v. Bolinger, 261 Or 23, 492 P2d 276 (1971)

Law Review Citations

Under Former Similar Statute (Ors 18.582)

16 WLR 891 (1980)

§§ 18.960 to 18.985

Notes of Decisions

Under Former Similar Statutes (Ors 18.565 to 18.598)

Redemption statutes are remedial and are to be liberally construed. Silbernagel v. Goin, 31 Or App 545, 570 P2d 1011 (1977), Sup Ct review denied

Law Review Citations

Under Former Similar Statutes (Ors 18.565 to 18.598)

67 OLR 287 (1988)

Chapter 18

Notes of Decisions

If terms used by trial court suffice to convey court's concluding decision or decisions, and if terms are set forth in document properly titled as judgment, then judgment document contains judgment. Interstate Roofing, Inc. v. Springfield Corp., 347 Or 144, 218 P3d 113 (2009)


Source

Last accessed
Jun. 26, 2021