ORS 275.190
Cash or installment sale

  • rights and liabilities of installment purchaser

(1)

Sales made under ORS 275.110 (Order to sell certain county lands) to 275.250 (Notice to county assessor of sale or resale) must be to the highest and best bidder:

(a)

For cash; or

(b)

For not less than 10 percent of the purchase price in cash with the remainder to be paid under a purchase agreement in equal installments over a term not exceeding 20 years from the date of sale and with deferred payments bearing interest from the date of sale at a rate set by the governing body of the county and payable annually.

(2)

In advertising for bids, the county shall state whether the sale will be made for cash or by purchase agreement. If by a purchase agreement that allows for deferred payments, the county shall also state the term and the rate of interest to which the county will agree.

(3)

The purchaser shall have the possession of, and the income from the premises so long as the purchaser is not in default in the performance of the purchase agreement with the county, but shall forfeit the purchaser’s rights under the agreement and to all payments made pursuant thereto if the purchaser fails to pay the purchase price or any part of the purchase price, principal or interest, or to pay, before delinquency, the taxes thereafter levied against the premises, or commits or suffers any strip or waste of or on the premises, or violates any other reasonable provision of the purchase agreement that the governing body of the county may see fit to require. The purchaser shall have the privilege of prepayment without penalty. The provisions of this subsection must be incorporated in the purchase agreement. [Amended by 1969 c.208 §1; 1981 c.412 §3; 2005 c.243 §3]

Source: Section 275.190 — Cash or installment sale; rights and liabilities of installment purchaser, https://www.­oregonlegislature.­gov/bills_laws/ors/ors275.­html.

275.020
Form and effect of conveyance to county 275.027
Adverse possession of county lands 275.030
Sale of real estate not in use for county purposes 275.040
Conveyance pursuant to ORS 275.030 275.060
Authority to exchange lands offered for sale and not sold 275.070
Sale or donation to United States, state, government corporation or Indian tribe 275.080
Sale of county lands for public water supply purposes 275.088
Sale to certain county officers or employees of real property acquired by foreclosure of tax lien 275.090
Powers of county as to lands acquired on foreclosure of tax liens, or by exchange, devise or gift 275.105
Acquisition by county of 90 percent of the lots in a plat for taxes and purchase of remaining lots 275.110
Order to sell certain county lands 275.120
Sheriff’s notice of sale 275.130
Claims of municipal corporations against the land to be filed prior to sale 275.140
Time and place of sale 275.150
Certificate of sale 275.160
Sale return 275.180
Sale to record owner or contract purchaser of property 275.188
Definitions for ORS 275.110 to 275.250 275.190
Cash or installment sale 275.200
Sale of land not sold by sheriff 275.210
Filing of purchase agreement 275.220
Procedure upon default or breach under land sale contract 275.225
Sale of county land by private sale 275.240
Taxation of county lands sold under purchase agreement 275.250
Notice to county assessor of sale or resale 275.260
Lands acquired by county on tax foreclosure exempt from taxes of other taxing districts 275.275
Distribution of proceeds 275.290
Sale or lease of timber on county lands 275.294
Sale or lease of right to prospect for and remove minerals or oil and gas from county lands 275.296
Validation of certain conveyances prior to August 3, 1955 275.298
Sale of minerals or mineral rights 275.300
Sale of mineral or other interest in county lands less than fee 275.310
Partition of land in which county has acquired interest 275.312
Conveyance by county of reserved or excepted mineral rights 275.314
Contents of application 275.316
Notice of hearing 275.318
Sale or lease of land located in industrial use zone 275.320
Designation of county forests, parks and recreational areas 275.330
Conveyance of county forests, parks or recreational areas 275.335
Exchanging land within county forest 275.340
Sale or lease of forest products, minerals or oil and gas from county forestland 275.360
Recording orders of county 275.370
Validation of conveyances prior to January 1, 1941
Green check means up to date. Up to date

Current through early 2024

§ 275.190’s source at oregon​.gov