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Oregon Foreclosure Laws

Oregon allows both judicial and nonjudicial foreclosure, but nonjudicial trustee sales are common. Many loans are secured by deeds of trust. The process is often quicker when court approval is not required, although strict notice rules still apply. Deficiency judgments are usually not allowed after most nonjudicial foreclosures.

• Foreclosure Type Process
  Both (Non-judicial most common)
• Mortgage Instrument Security Type
  Deed of Trust (primary). Mortgages are allowed.
• Typical Timeline Duration
  4 months typical
• Deficiency Judgment
  Deficiency permitted but triggers redemption right
• Redemption Period Owner Rights
  No post-sale redemption for nonjudicial.
• Process Summary
  Oregon primarily uses nonjudicial foreclosure under deeds of trust. Notice and waiting periods apply before the trustee’s sale.
• Notice / Timing Statute
  Oregon Revised Statute § 86.705 et seq. (trust deed foreclosure)
• Redemption Statute(s)
  Oregon Revised Statute § 88.110 (redemption available only if deficiency sought)
• Deficiency Statute(s)
  Oregon Revised Statute § 88.110 (deficiency triggers 180-day redemption)

How to Buy a Foreclosure in Oregon