Oregon Revised Statutes Chapter 223 § 223.590 — or pursuant to a judgment of foreclosure entered in an action
Oregon Revised Statutes Chapter 223 ·
Oregon Code § 223.590·Enacted ·Last updated March 01, 2026
Statute Text
or pursuant to a judgment of foreclosure entered in an action
authorized by ORS 223.610 for neglect or refusal by the owner to pay installments
under ORS 223.265, the property may be redeemed as provided in this section by
the owner, a legal representative or a successor in interest or by any other
person having a lien on the property.
(2) Redemption of
such real property may be made by paying to the treasurer of the local
government, at any time within one year after the date of sale, the following
amounts:
(a) The purchase
price at the foreclosure sale and 10 percent thereof as penalty;
(b) The amount of
any taxes, assessments or liens upon the property that are paid after the sale
by the purchaser at the sale; and
(c) Interest on
the amounts paid under paragraphs (a) and (b) of this subsection at a rate of
10 percent per annum from the respective times of the payments of the purchase
price, taxes, assessments or liens to the date of redemption.
(3) A redemption
of property under this section shall be made for cash. [Formerly 223.670; 2003
c.576 §398; 2003 c.802 §44]
Plain English Explanation
This Oregon statute addresses or pursuant to a judgment of foreclosure entered in an action
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 223.590
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses or pursuant to a judgment of foreclosure entered in an action
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 223.590. Use this format in legal documents and court filings.
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