18.10.050 Exemptions and Waivers.
A. The City Manager will exempt a seller from the requirements of this chapter if the seller submits documentation that the covered building will be sold through any of the following:
1. A trustee’s sale;
2. A deed-in-lieu of foreclosure sale; or
3. Any pre-foreclosure sale in which seller has reached an agreement with the mortgage holder to sell the property for an amount less than the amount owed on the mortgage.
B. The City Manager may exempt a seller from the requirements of this chapter after confirming that compliance would cause undue hardship for the seller under the following circumstances:
1. The covered building qualifies for sale at public auction or acquisition by a public agency due to arrears for property taxes;
2. A court appointed receiver is in control of the covered building due to financial distress;
3. The senior mortgage on the covered building is subject to a notice of default;
4. The covered building has been approved for participation in Oregon Property Tax Deferral for Disabled and Senior Citizens, or equivalent program as determined by the City Manager; or
5. The seller is otherwise unable to meet the obligations of this chapter as determined by the City Manager. [Ord. NS-2460 § 1 (Exh. A), 2022]