There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 094 - Real Property Development
Section 94.723 - Common expenses; liability of first mortgagee.
OR Rev Stat § 94.723 (2015) What's This?
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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