OR HB2089

Former property owners whose homes are sold at tax foreclosure are entitled to receive any surplus proceeds above the taxes, fees, and costs owed to the county

Counties must provide enhanced foreclosure notices including exact amounts owed, information about surplus rights, property tax deferral programs, legal aid resources, and translations in the five most commonly spoken non-English languages

Foreclosed residential properties that were primary residences must be listed with an independent real estate broker; properties valued over $250,000 require independent appraisals before sale

Surplus funds are treated as unclaimed property under state law; counties must deliver surpluses to the State Treasurer within 30 days of determination, and former owners can claim through the Unclaimed Property program

Applies retroactively to claims where owners received redemption notices on or after May 25, 2023; takes effect 91 days after the 2025 legislative session adjourns