Oregon Revised Statutes Chapter 312 § 312.530 — Determination of surplus; value of foreclosed property; allowable costs to

Determination of surplus; value of foreclosed property; allowable costs to county. (1) As used in this section, “surplus” means an amount equal to the value of real property sold to a county on foreclosure under this chapter, and disposed of by the county in accordance with ORS 312.520, less the allowable costs the county may charge against the property under subsection (4) of this section. (2) The amount of a surplus shall be determined within 60 days after the date on which the gross sales proceeds from the sale of the property are deposited in a separate, interest-bearing account under ORS 312.520 (8) or the value of the property has otherwise been determined under subsection (3) of this section. (3) For purposes of determining a surplus, the value of the property shall be: (a) For property retained by the county or transferred to a nonprofit organization under ORS