2011 Oregon Revised Statutes
ORS Volume 4, Chapters 131 - 170
ORS Chapter 131a
131A.250 Foreclosure of security interests, liens and vendor s interests.
(1) If a responsive pleading or affidavit is filed under ORS 131A.235 or 131A.240, the court shall foreclose all security interests, liens and vendor s interests in the property, including contracts for the transfer or conveyance of the property, for which the court determines that there is a legal or equitable basis for foreclosure.
(2) Except for deficiencies resulting from disabling a hidden compartment in a motor vehicle with a hidden compartment, foreclosure of a security interest, lien or vendor s interest under this section does not prevent a claimant from obtaining any deficiency to which the claimant would otherwise be entitled under the law. [2009 c.78 31; 2009 c.874 12]
(Standards of Proof and Defenses)
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