Redemption and Deficiency Judgments in Oregon
Whether you can buy back your home after a foreclosure sale in Oregon, and whether the lender can sue for what's still owed.
Short answer: After a nonjudicial trustee's sale, a person whose interest was foreclosed may not redeem the property. ORS 86.797(1); ORS 18.964
| Redemption after the sale | After a nonjudicial trustee's sale, a person whose interest was foreclosed may not redeem the property. After a court-ordered (execution) sale, the judgment debtor generally may redeem within 180 days after the sale, and lien claimants within 60 days. Source: ORS 86.797(1); ORS 18.964 |
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| Deficiency judgments | Generally no for homes. Except as allowed in ORS 86.797(4), a lender may not sue for a deficiency after a trustee's sale, or after a judicial foreclosure of a residential trust deed, and a judgment foreclosing a residential trust deed may not include a money award for the debt against the borrower. Source: ORS 86.797(2) |
More Oregon foreclosure & homeowner law
- How Foreclosure Works in Oregon
- HOA Liens and Foreclosure in Oregon
- Getting Your Home Back After a Tax Sale in Oregon
- All Oregon foreclosure & homeowner law rules
FAQ
Is there a right of redemption after foreclosure in Oregon?
After a nonjudicial trustee's sale, a person whose interest was foreclosed may not redeem the property. After a court-ordered (execution) sale, the judgment debtor generally may redeem within 180 days after the sale, and lien claimants within 60 days.
Can the lender come after you for the rest of the loan after foreclosure in Oregon?
Generally no for homes. Except as allowed in ORS 86.797(4), a lender may not sue for a deficiency after a trustee's sale, or after a judicial foreclosure of a residential trust deed, and a judgment foreclosing a residential trust deed may not include a money award for the debt against the borrower.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.