Except as provided in ORS § 87.322, a lien created by ORS § 87.216 to 87.232 may be foreclosed by a suit in the circuit court under ORS Chapter 88 and other laws regulating the proceedings for the foreclosure of liens generally or may be foreclosed as provided in ORS § 87.272 to 87.306. If the lien has attached to proceeds under ORS § 87.236, the lien must be foreclosed by suit. [1975 c.648 § 25]

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Terms Used In Oregon Statutes 87.262

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.

 

[Repealed by 1975 c.648 § 72]

 

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