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Oregon Revised Statutes, Title 25, Chapter 275 - "County Lands",Title 29, Chapter 311 - "Collection of Property Taxes" and Title 29, Chapter 312 - "Foreclosure of Property Tax Liens". All sales made under 25-275.110 to 25-275.250 shall be to the highest and best bidder for cash or, in the discretion of the county court, for not less than 10 percent of the purchase price in cash, the remainder to be paid under written agreement with the purchaser in equal installments over a term not exceeding 20 years from the date of sale, all deferred payments to bear interest from the date of sale at a rate set by the county court, payable annually. In advertising for bids, the county shall state whether the sale will be made for cash or by installment agreement. If by installment agreement, the county shall also state the term and the rate of interest to which the county will agree (25-275.110, 25-275.190).
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