§ 115.255 Discharge of encumbrances
§ 115.265 Power to redeem estate property
§ 115.275 Encumbered assets; powers of personal representative

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Terms Used In Oregon Statutes > Chapter 115 > Discharge of Encumbrances

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • 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.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Testator: A male person who leaves a will at death.