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Office of Management & Finance

Bureau of Revenue and Financial Services

Phone: 503-823-5288

Fax: 503-823-5384

1120 SW 5th Avenue, Rm 1250, Portland, OR 97204

Foreclosure Sale Rules

Scope

These rules pertain to properties that City Council has approved for foreclosure sale as described in City Code | Chapter 5.30 Collections and Foreclosure Process | The City of Portland, Oregon

These rules and a list of properties approved for foreclosure sale are posted at: Foreclosures | The City of Portland, Oregon.

Rules

Once properties are approved for foreclosure by Council, and at any time prior to the foreclosure sale, any person with a recorded interest in the property may remove the property from the foreclosure list by paying in full the amount of the delinquent lien with penalties, interest, collection costs, and sales costs incurred through the date of payment.  Notice that the property has been removed from the foreclosure sale shall be recorded in County records. 

After the foreclosure sale, any person with a recorded interest in the property has one year to redeem the property by paying in full the amount of the purchase price plus interest and penalty through the date of payment. Interest and penalty are established by ordinance.

Requests for payoff quotes may be directed to: TRDistributionlist@portlandoregon.gov or call 503-823-6851.  Provide name of property owner and property address.

Payments must be made in U.S. legal currency or cashier’s check made out to City of Portland. 

Payments will be accepted at the Revenue Division, 111 SW Columbia Street, Suite 600, Portland, OR 97201.  For in-person payments, please call the Revenue Division (503-823-5157) to schedule an appointment at least 24 hours prior to the date of making any payment.  Hours are Monday – Friday, 8am to 5pm. 

Bidders purchase properties “as is”.  The City will not provide any opportunities for on-site inspections of the land or buildings.

The City Treasurer may bring a property back to Council for reconsideration if an analysis of the title report or other information indicates that foreclosure of the property would expose the City to unacceptable liability or is otherwise against the financial interest of the City.

The City Treasurer may choose to use a judicial or a non-judicial foreclosure sales process for each property.

The City Treasurer will follow the schedule below for events related to the foreclosure process.  Documents for each event are bolded.

 

DATE

ITEM

EVENT

PCC REFERENCE

AT LEAST 60 DAYS PRIOR TO SALE

Conduct of sale

Make available Rules governing the conduct of the sale.

5.30.170 (A)

UPON RECEIPT OF LIST FROM   COUNCIL

Recording Notice of Sale

Order foreclosure report.

5.30.130 (A)

UPON RECEIPT OF LIST FROM   COUNCIL

Recording Notice of Sale

Record Notice of Foreclosure Sale in County records.

5.30.130(A)

AT LEAST 60 DAYS PRIOR TO SALE

Individual Notice

Send Notice of Foreclosure Sale to all persons having a recorded interest in the property. Record all individual notices in County records.

5.30.140 (A)

35 DAYS PRIOR TO SALE

Posted Notice

Post Notice of Foreclosure Sale on the property.

5.30.140 (C)

35 DAYS PRIOR TO SALE

Other Notice

Post Notice of Foreclosure Sale on City website.

 

35 DAYS PRIOR TO SALE

Other Notice

Send Notice to the Internal Revenue Service of sale.

5.30.140 (D)

35 DAYS PRIOR TO SALE

Newspaper Notice #1

Send Notice of Publication to Oregonian and DJC to print Notice of Sale.

5.30.140 (B)

28 DAYS PRIOR TO SALE

Newspaper Notice #2

Send Notice of Publication to Oregonian and DJC to print Notice of Sale.

5.30.140 (B)

21 DAYS PRIOR TO SALE

Newspaper Notice #3

Send Notice of Publication to Oregonian and DJC to print Notice of Sale.

5.30.140 (B)

14 DAYS PRIOR TO SALE

Newspaper Notice #4

Send Notice of Publication to Oregonian and DJC to print Notice of Sale.

5.30.140 (B)

UP TO DAY OF SALE

Payment of Lien

Receive payment in full and issue Notice of Removal From Foreclosure List and Foreclosure Sale.  Record in County records if requested.

5.30.150

DAY OF SALE

Foreclosure Sale

Issue Receipt to Purchaser.

5.30.170 (B)

DAY AFTER THE SALE UNTIL ONE   YEAR AFTER SALE

Redemption Period Begins/Ends

If redemption payment is made, Issue Certificate of Redemption.

5.30.210

5 DAYS AFTER SALE

Certificate of Sale

Send Certificate of Sale to Purchaser.

5.30.190 (A)

5 DAYS AFTER SALE

Notice of Sale

Send Notice of Sale and Rights of Redemption to all persons having a recorded interest in the property.

5.30.190 (C)

5 DAYS AFTER SALE

Entry of Sales

Send foreclosure list with all collections and sales to Auditor.

5.30.200 (A)

ONE YEAR AFTER SALE

Issuance of Deed

Prepare, record, and deliver Bargain and Sale Deed to Purchaser.

5.30.220

 

HISTORY

Issued August 1, 2016