Oregon Revised Statutes Chapter 88 § 88.120 — When
Oregon Revised Statutes Chapter 88 ·
Oregon Code § 88.120·Enacted ·Last updated March 01, 2026
Statute Text
When
foreclosure not barred by ORS 88.110.
(1) Foreclosure of a mortgage on real property is not barred by ORS 88.110 when
the mortgage is held of record by the State of Oregon or when all the following
facts exist at the time the foreclosure suit is commenced:
(a) Any portion
of the mortgage debt, or any interest thereon, has been voluntarily paid within
the 10 years immediately preceding commencement of the suit.
(b) The original
mortgagor still owns the mortgaged property.
(c) No lien or
right of a third person has attached to the property after the expiration of
the 10-year period referred to in ORS 88.110.
(2) A mortgage
that is not enforceable by the transferor at the time of transfer to the State
of Oregon does not become enforceable thereafter under this section. [Amended
by 1997 c.298 §1]
Plain English Explanation
This Oregon statute addresses When
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 88.120
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses When
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