ORS 88.030
Other lienholders and debtors as defendants

  • effect of failure to redeem

Any person having a lien subsequent to the plaintiff upon the same property or any part thereof, or who has given a promissory note or other personal obligation for the payment of the debt, or any part thereof, secured by the mortgage or other lien which is the subject of the suit, shall be made a defendant in the suit, and any person having a prior lien may be made defendant at the option of the plaintiff, or by the order of the court when deemed necessary. The failure of any junior lien or interest holder who is omitted as a party defendant in the suit to redeem within five years of the date of a sheriff’s sale under ORS 88.106 (Sale and redemption) shall bar such junior lien or interest holder from any other action or proceeding against the property by the person on account of such person’s lien or interest. [Amended by 1985 c.817 §10]

Source: Section 88.030 — Other lienholders and debtors as defendants; effect of failure to redeem, https://www.­oregonlegislature.­gov/bills_laws/ors/ors088.­html.

Law Review Citations

67 OLR 300 (1988); 69 OLR 864 (1990)

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