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2019 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 088 - Foreclosure of Mortgages and Other Liens
Section 88.050 - Judgment foreclosing more than one lien on same property.
Universal Citation: OR Rev Stat § 88.050 (2019)
When it is adjudged that any of the defendants have a lien upon the property, the court shall make a like judgment in relation thereto, and the debt secured thereby, as if such defendant were a plaintiff in the suit. When a judgment is given foreclosing two or more liens upon the same property or any portion thereof in favor of different persons not united in interest, the judgment shall specify the order, according to their priority, in which the debts secured by such liens shall be satisfied out of the proceeds of the sale of the property. [Amended by 2003 c.576 §347]
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