Oregon law · Oregon Condominium Act

ORS § 100.460

Foreclosure against unit; receiver for unit; power of board of directors to bid at foreclosure sale

Covered in 1 owner guide

What this section does for you

Lets a foreclosing party collect reasonable rental during the suit through a receiver, and lets the board bid at, and later hold or convey, the foreclosed unit.
Owner guide: Foreclosure & liens in Oregon

The statutory text

Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.

In any foreclosure suit against a unit, the unit owner shall be required to pay a reasonable rental for the unit, if so provided in the bylaws, and the plaintiff in such foreclosure shall be entitled to the appointment of a receiver to collect the rent. The board of directors, acting on behalf of the unit owners, shall have power, unless prohibited by the declaration, to bid in the unit at the foreclosure sale, and to acquire and hold, lease, mortgage and convey the same. [Formerly 94.202]

ORS § 100.460

What this section does for you

The statutory text

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