OR HB2088

Former owners of real property foreclosed for delinquent property taxes may claim surplus proceeds when the county sells the property for more than the taxes owed, with claims filed through the State Treasurer as unclaimed property

Counties must provide enhanced foreclosure notices in English plus five other commonly spoken languages, including exact amounts owed, redemption deadlines, surplus rights information, and contact details for housing counselors and legal aid

Counties must conduct due diligence to locate property owners and heirs through land records, court records, online databases, and notification of adjacent property owners before foreclosure

Foreclosed properties must be sold through a real estate broker or public auction with online bidding, minimum bids of two-thirds fair market value, and appraisals by independent licensed appraisers for properties valued over $10,000

Applies retroactively to claims where owners received foreclosure notice on or after May 25, 2017, and takes effect on the 91st day after the 2025 legislative session adjourns