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DIRECTOR OF VETERANS' AFFAIRS v. PETERSEN

82-1634-C; CA A43977.

766 P.2d 386 (1988)

94 Or.App. 314

State of Oregon, Acting by and through the DIRECTOR OF VETERANS' AFFAIRS, Plaintiff, v. Rita Helen PETERSEN, Respondent, Francis R. Petersen, United States of America Internal Revenue Service, State of Oregon Department of Revenue, Charles N. Isaak and Robert H. McSweeney, Defendants, and Roy Newman, Appellant.

Court of Appeals of Oregon.

Review Allowed March 7, 1989.

Decided December 7, 1988.

Attorney(s) appearing for the Case

Brian W. O'Brien, Portland, argued the cause and filed the brief for appellant.

Magar E. Magar, Portland, argued the cause and filed the brief for respondent.

Dave Frohnmayer, Atty. Gen., Virginia L. Linder, Sol. Gen., and Rives Kistler, Asst. Atty. Gen., Salem, filed a brief amicus curiae for the State of Oregon.

Ridgway K. Foley, Jr., William E. Love, Mildred J. Carmack and Schwabe, Williamson & Wyatt, Portland, filed a brief amicus curiae for Oregon League of Financial Institutions, Oregon Bankers Associated and Oregon Mortg. Bankers Ass'n.

Before RICHARDSON, P.J., and NEWMAN and DEITS, JJ.

NEWMAN, Judge.

Appellant (purchaser) appeals an order that required that the sheriff of Washington County issue to Petersen (mortgagor) a certificate of redemption for real property that purchaser bought at a mortgage foreclosure sale on March 26, 1986, if mortgagor were to tender the redemption amount less than one year after the sale.1 We reverse.

Mortgagor gave a mortgage on the property to the Department of Veterans' Affairs...

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