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or-supplementOregon Business & Lawhard

A subcontractor files a lien claim for $18,500 on a residential project in Oregon. If the lien is foreclosed and the property sells for $15,000, how much can the subcontractor recover?

Correct Answer

D) $15,000 minus foreclosure costs

Under ORS 87, lien claimants can only recover up to the sale proceeds minus foreclosure costs, not the full lien amount if the sale proceeds are insufficient.

Answer Options
A
$18,500
B
$18,500 plus interest and attorney fees
C
$15,000
D
$15,000 minus foreclosure costs

Why This Is the Correct Answer

Under ORS 87, lien claimants can only recover up to the sale proceeds minus foreclosure costs, not the full lien amount if the sale proceeds are insufficient.

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