(1) Except as provided in subsection (2) of this section, a manufactured dwelling or floating home must be levied on and sold in the same manner as provided for real property under ORS § 18.860 to 18.993 if the real property upon which the manufactured dwelling or floating home is located is to be sold at the execution sale.

Terms Used In Oregon Statutes 18.986

  • Execution: means enforcement of the money award portion of a judgment or enforcement of a judgment requiring delivery of the possession or sale of specific real or personal property, by means of writs of execution, writs of garnishment and other statutory or common law writs or remedies that may be available under the law. See Oregon Statutes 18.005
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(2) A manufactured dwelling or floating home that is held as inventory for sale or lease in the normal course of business must be levied on and sold in the same manner as provided for tangible personal property under ORS § 18.860 to 18.993.

(3) If the real property upon which a manufactured dwelling or floating home is located is not to be sold at the execution sale, and the manufactured dwelling or floating home is not held as inventory for sale or lease in the normal course of business, the manufactured dwelling or floating home must be levied on and sold in the same manner as provided for real property under ORS § 18.860 to 18.993 except that:

(a) The legal description required by ORS § 18.875 (1)(e) need not be included in the instructions to the sheriff; and

(b) The sheriff shall give the purchaser of a manufactured dwelling or floating home a bill of sale under ORS § 18.940 and not a certificate of sale under ORS § 18.942.

(4) For the purposes of this section:

(a) ‘Floating home’ has the meaning given that term in ORS § 830.700.

(b) ‘Manufactured dwelling’ has the meaning given that term in ORS § 446.003. [2005 c.542 § 49]