Oregon Statutes 223.530 – Title of purchaser
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A sale of real property under ORS § 223.505 to 223.590 conveys to the purchaser, subject to redemption as provided in ORS § 223.565 to 223.590, all estates, interests, liens or claims therein or thereto of any persons, together with all rights and appurtenances thereunto belonging, excepting only the lien of a local government on such assessments or liens as are not included in the foreclosure proceedings. [Amended by 1991 c.902 § 60; 2003 c.802 § 40]
Terms Used In Oregon Statutes 223.530
- 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.
- local government: means all cities, counties and local service districts located in this state, and all administrative subdivisions of those cities, counties and local service districts. See Oregon Statutes 174.116
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.