Oregon Statutes 312.240 – Vacation of judgment; determining value of improvements by purchaser and rendering judgment therefor
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Whenever the court vacates or sets aside a judgment of foreclosure with respect to any particular property, the court shall determine the value of any improvements placed on the property by the county or by any purchaser from the county, and shall give judgment therefor and collect the same from the claimant before putting the claimant in possession. [Amended by 2003 c.576 § 429]
Terms Used In Oregon Statutes 312.240
- 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