ORS 18.966
Redemption amount payable to purchaser


Subject to ORS 18.968 (Setoff for rents, income and profits realized by certificate holder), 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 (Definitions for ORS 94.550 to 94.783) to 94.783 (When certain administrative provisions apply), 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]

Notes of Decisions

Under Former Similar Statute (Ors 18.582)

Junior lien creditor redemption of property does not affect statutory amount judgment debtor must tender to redeem property. Duree v. Blair, 179 Or App 534, 40 P3d 540 (2002)

§§ 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
May. 15, 2020