Oregon Statutes 93.530 – Execution, acknowledgment and recordation of assignments of sheriffs certificates of sale
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All assignments of sheriffs’ certificates of sale of real property on execution or mortgage foreclosure shall be executed and acknowledged and recorded in the same manner as deeds of real property.
Terms Used In Oregon Statutes 93.530
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
RECORDATION AND ITS EFFECTS