Oregon uses which security instrument?

Oregon does not use mortgages as the primary security instrument. While mortgages exist in some transactions, they are not the standard, and Oregon's legal framework favors trust deeds for their efficiency in the foreclosure process.

Oregon does not use both mortgage and trust deeds equally. State law specifically designates trust deeds as the primary security instrument, making this option factually incorrect.

Land contracts (contracts for deed) are not security instruments in Oregon. They are a different financing method where the seller retains title until full payment, not the standard security instrument used by lenders.