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City of Portland



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5.31.060 Purchase of Property by the City.

A.  The City may purchase property on the final foreclosure list for City properties before, during or after the sale subject to the following conditions:

1.  The Department of Environmental Quality and the Council have directed the purchase of the property in the ordinance adopted under City Code 5.31.050 B, and the money has been transferred to the proper assessment fund;

2.  In the case of property purchased before the sale, any person having an interest in the property is given an opportunity to bring the account current and pay the collection and sales costs, and thereby remove the property from the list as provided by City Code 5.31.065 A; and

3.  Any person having an interest in the property may redeem the property as provided by City Code 5.31.085.