Oregon Statutes - Chapter 86 - Mortgages; Trust Deeds - Section 86.745 - Contents of notice of sale.

The notice of sale shall set forth:

(1) The names of the grantor, trustee and beneficiary in the trust deed, and the mailing address of the trustee.

(2) A description of the property covered by the trust deed.

(3) The book and page of the mortgage records where the trust deed is recorded.

(4) The default for which the foreclosure is made.

(5) The sum owing on the obligation secured by the trust deed.

(6) The election to sell the property to satisfy the obligation.

(7) The date, time and place of the sale, which shall be held at a designated time after 9 a.m. and before 4 p.m. based on the standard of time established by ORS 187.110 and at a designated place in the county or one of the counties where the property is situated.

(8) The right under ORS 86.753 to have the proceeding dismissed and the trust deed reinstated by payment of the entire amount then due, together with costs, trustee’s and attorney’s fees, and by curing any other default complained of in the notice of default, at any time prior to five days before the date last set for the sale. [1959 c.625 §7; 1961 c.616 §4; 1965 c.457 §4; 1983 c.719 §5; 1985 c.817 §3; 2003 c.251 §4]

Section:  Previous  86.715  86.720  86.725  86.730  86.735  86.740  86.742  86.745  86.750  86.753  86.755  86.757  86.759  86.760  86.765  Next

Last modified: August 7, 2008