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Involuntary Lien
Types of Foreclosure Trust Deed Mortgage Land Sale Contract |
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 Page 5 of 5Types of foreclosure cont. Liens on Property Without the Owner’s Consent The final category of liens is those that are placed against the property without the owner’s consent. As described above, those can include liens filed by workmen on the property, liens filed for unpaid taxes and liens filed by creditors holding judgments against the owner. Each of those liens has their own special procedures for foreclosure. In most cases, however, the result is the same: the sheriff of the county where the property is located will hold a public auction and sell the property to the highest bidder for cash. If the cash is not sufficient to pay the amount of the debt, the person who owes the money secured by the lien will be responsible for the difference. With certain liens, the owner may have the right to buy back the property after the sale. Exceprt from Oregon State Bar Return to the beginning of the article. | | |||
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