The charge of a trustee for the performance of powers and duties of foreclosure by advertisement and sale imposed under ORS § 86.705 to 86.815 shall not exceed 50 percent of the compensation allowable to a personal representative under ORS § 116.173 (3) or a minimum charge of $100. Such compensation shall be based upon the amount due on the obligation, both principal and interest, at the time of the trustee’s sale. [Formerly 86.795; 2017 c.169 § 43]

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Terms Used In Oregon Statutes 86.809

  • 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
  • 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.
  • Trustee: A person or institution holding and administering property in trust.

 

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