Oregon Revised Statutes

Or. Rev. Stat. § 275.190 (2026)

Cash or installment sale; rights and liabilities of installment purchaser

✓ current as of May 2026

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275.190 Cash or installment sale; rights and liabilities of installment purchaser. (1) Sales made under ORS 275.110 to 275.250 must be to the highest and best bidder:

(a) For cash; or

(b) For not less than 10 percent of the purchase price in cash with the remainder to be paid under a purchase agreement in equal installments over a term not exceeding 20 years from the date of sale and with deferred payments bearing interest from the date of sale at a rate set by the governing body of the county and payable annually.

(2) In advertising for bids, the county shall state whether the sale will be made for cash or by purchase agreement. If by a purchase agreement that allows for deferred payments, the county shall also state the term and the rate of interest to which the county will agree.

(3) The purchaser shall have the possession of, and the income from the premises so long as the purchaser is not in default in the performance of the purchase agreement with the county, but shall forfeit the purchaser’s rights under the agreement and to all payments made pursuant thereto if the purchaser fails to pay the purchase price or any part of the purchase price, principal or interest, or to pay, before delinquency, the taxes thereafter levied against the premises, or commits or suffers any strip or waste of or on the premises, or violates any other reasonable provision of the purchase agreement that the governing body of the county may see fit to require. The purchaser shall have the privilege of prepayment without penalty. The provisions of this subsection must be incorporated in the purchase agreement. [Amended by 1969 c.208 §1; 1981 c.412 §3; 2005 c.243 §3]

Notes of Decisions

Cited in 2 cases, 1983–1999 · leading case: Exch. Props., Inc. v. Crook Cnty., 992 P.2d 486 (Or. Ct. App. 1999).

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Exch. Props., Inc. v. Crook Cnty., 992 P.2d 486 (Or. Ct. App. 1999). · cites it 4× “220 in canceling the earnest money agreement, there has been no effective cancellation if the agreement is the kind of contract to which ORS 275.190 applies. ORS 275.190(1) describes the requirements for a sheriffs sale of county land.”

State Ex Rel. Columbia Cnty. Sch. Dist. No. 13 v. Columbia Cnty., 674 P.2d 608 (Or. Ct. App. 1983). ““(2) The balance of said proceeds, including the payments for land sold under contract pursuant to ORS 275.190 to 275.200 shall be distributed by the county treasurer in accordance with an order of the county court in accordance with the formula provided in ORS 311.”

— Or. Rev. Stat. § 275.190(1) — 1 case

Exch. Props., Inc. v. Crook Cnty., 992 P.2d 486 (Or. Ct. App. 1999). “220 in canceling the earnest money agreement, there has been no effective cancellation if the agreement is the kind of contract to which ORS 275.190 applies. ORS 275.190(1) describes the requirements for a sheriffs sale of county land.”

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