2011 Oregon Revised Statutes
ORS Volume 3, Chapters 90 - 130
ORS Chapter 94
94.723 Common expenses; liability of first mortgagee.
If a first mortgagee acquires a lot in a planned community by foreclosure or deed in lieu of foreclosure, the mortgagee and subsequent purchaser shall not be liable for any of the common expenses chargeable to the lot which became due before the mortgagee or purchaser acquired title to the lot. The unpaid expenses shall become a common expense of all lot owners including the mortgagee or purchaser. [1981 c.782 46; 1999 c.677 27]
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