(at the request of Senate Interim Committee on Judiciary for Oregon State Bar Consumer Law Section)
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Bill Title:
Relating to execution sale of real property subject to declaration.
Catchline/Summary:
Makes purchaser at execution sale of real property in planned community or condominium community solely liable for assessments imposed against real property during redemption period. Makes purchaser at execution sale of real property in planned community or condominium community jointly and severally] solely liable with title holder] for assessments imposed against real property during redemption period.
Requires claimant who redeems real property sold at execution sale to repay assessments, with interest, that are imposed during redemption period and paid by purchaser.
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SB 367
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