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City of Portland

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5.30.120 Purchase of Property by the City.

(Amended by Ordinance No. 187833, effective June 15, 2016.)  Upon Council approval, the City may purchase any property on the foreclosure list for the amount of the lien principal plus interest and penalties, and may do so before, during, or after the sale subject to the following conditions:

A.  Money for purchase has been transferred to the proper City fund for payment of the delinquent lien amount;

B.  In the case of property purchased before the sale, any person having an interest in the property is given an opportunity to pay the lien in full including collection and sales costs, and thereby remove the property from the foreclosure list as provided by Section 5.30.150; and

C.  Any person having an interest in the property may redeem the property as provided by Section 5.30.210.