Oregon Revised Statutes Chapter 86 § 86.752 — Foreclosure by advertisement and sale

Foreclosure by advertisement and sale. A trustee may not foreclose a trust deed by advertisement and sale in the manner provided in ORS 86.764 to 86.782 unless: (1) The trust deed, any assignments of the trust deed by the trustee or the beneficiary and any appointment of a successor trustee are recorded in the mortgage records in the counties in which the property described in the deed is situated; (2) There is a default by the grantor or other person that owes an obligation, the performance of which is secured by the trust deed, or by the grantor’s or other person’s successors in interest with respect to a provision in the deed that authorizes sale in the event of default of the provision; (3) The trustee or beneficiary has filed for recording in the county clerk’s office in each county in which the trust property, or some part of the trust property, is situated, a notice of default containing the information required by ORS 86.771 and containing the trustee’s or beneficiary’s election to sell the property to satisfy the obligation; (4) The beneficiary has filed for recording in the official records of the county or counties in which the property that is subject to the residential trust deed is located: (a) A certificate of compliance that a service provider issued to the beneficiary under ORS