How does the county sell property it has acquired through foreclosure?
Oregon law requires the county to first offer the property through a public auction. The only exception to this rule is that the former owner can negotiate to purchase the property without the property having been offered at an auction. Auctions are held only periodically every couple of years, or so. If the property is offered at a public auction and no one purchases the property the county can negotiate to sell the property to any one. In all cases, if the property is sold, the purchase price, less expenses incurred by the county, are distributed to the taxing districts.
