Bill > HB2089

This bill enhances the process for handling property foreclosures and potential surpluses in Oregon, focusing on improving notice requirements and protecting property owners' rights. Specifically, the bill requires counties to conduct extensive due diligence to locate property owners facing tax foreclosure, mandating detailed notices that include the exact amount of unpaid taxes, warnings about potential property loss, and information about resources like housing counselors and legal aid. The bill establishes a comprehensive process for determining and claiming surpluses when foreclosed properties are sold, including requirements for property valuation, sale methods (such as listing with a real estate broker or conducting public auctions), and a clear procedure for former property owners or their heirs to claim any money remaining after taxes and costs are paid. The legislation also requires counties to provide extensive notifications to property owners, government agencies, and potentially affected parties at various stages of the foreclosure process, with specific provisions for translating notices into multiple languages and making information publicly accessible. The bill aims to increase transparency, provide more support for property owners facing foreclosure, and ensure a fair process for handling potential financial surpluses from foreclosed properties.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2089