OR HB2096

Former owners of real property foreclosed for delinquent property taxes may claim any surplus value after the county sells or disposes of the property, with surplus calculated as sale proceeds minus outstanding taxes, interest, fees, and allowable county costs

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

Foreclosed properties must be sold through a real estate broker at market price, or if unsuccessful after 12 months, through public auction with online bidding and a minimum bid of two-thirds fair market value

Unclaimed surplus funds are treated as unclaimed property under state law and delivered to the State Treasurer, with the county required to provide itemized accounting of all deducted costs

Applies to foreclosures where claimants received notice on or after May 25, 2023, and takes effect on the 91st day after the 2025 legislative session adjourns