Escrow & Title
Oregon's non-judicial foreclosure (trustee's sale) process under ORS Chapter 86 requires a minimum notice period of:
A30 days
B60 days
C90 days
D120 days✓ Correct
Explanation
Oregon's TRUST Act and ORS Chapter 86 require a minimum 120-day notice period before a trustee's sale can be conducted. The process includes: (1) the beneficiary (lender) records a Notice of Default and Election to Sell; (2) a minimum 120-day period must elapse; (3) a Notice of Sale is recorded and published for at least 4 consecutive weeks; (4) the trustee's sale is conducted. Oregon does not require court involvement for non-judicial foreclosure.
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