The residence of the mayor of Salem faces foreclosure due to unpaid bills.

Chris Hoy, the outgoing mayor of Salem, who lost his re-election campaign, is currently facing some financial difficulties, and his home could begin a foreclosure process.

According to Marion County records, Mayor Chris Hoy has failed to pay about $8,000 in bills associated with his primary residence, putting the property at risk of foreclosure. The records reveal that he has not made a mortgage payment since April 2024, with an estimated debt of more than $66,000 to date.

Mayor Hoy bought the East Salem house in 2004 for $149,350, and today, Zillow values the property at nearly $400,000.

According to some reports, Chris Hoy, who was also a deputy sheriff in Clackamas County, receives $12,045 per month from the Oregon Public Employees Retirement System (PERS). As a Tier 1 beneficiary, he receives an annual benefit equivalent to 82% of his final working salary.

State records show that Mayor Hoy attempted to join the Oregon Foreclosure Avoidance Program, a state initiative designed to help people facing financial difficulties keep their homes. However, Hoy did not pay the $175 fee required to join the program.

The foreclosure auction of this property is scheduled for 11 a.m. on March 4, 2025, at the Marion County Courthouse.

Available Foreclosures:

Salem: 15 homes available

Clackamas County: 8 homes available.

By Elías DaSilva | 18 de Noviembre de 2024.

About Author

Elias DaSilva: Expert in Real Estate & Digital Innovation Since 1996, specializes in pre-foreclosure and foreclosure real estate investments. In 1999, he ventured into the digital world, launching successful online portals focused on foreclosure properties. His platforms merge technological savvy with market insights, making him a leader in real estate and internet entrepreneurship.