OREGON Sheriffs say to Newspapers "You're in a Heap a Trouble. We're Lettin' Creditors Put Public Notices On Line."
In Oregon, starting last Friday, judgment creditors now have the option of advertising their Sheriff's Sales on line for free. By the looks of things on the site, lots of creditors are taking advantage of this option. The bill passed the Oregon State House and Senate last year. The most important piece here reads:
(6) In lieu of publication in a newspaper under subsection (5) of this section, a sheriff shall publish a notice of sale of real property by Internet posting if a website has been established under ORS 18.926 for the purpose of giving legal notices under ORS 18.860 to 18.993, and the judgment creditor has requested that notice be published by Internet posting in the instructions provided to the sheriff under ORS 18.875. Subject to ORS 18.926 (3), the notice must be posted on the Internet not less than 28 days before the date identified in the notice of sale and remain posted until that date.
Here is yet another example of the market helping to drive down government spending. The chairman of the Oregon State Sheriff's Association has nothing against newspapers. In an article on StatesmanJournal.com , she mentioned that the problem was that sheriff's sales weren't generating much revenue when the notices ran in the newspaper. Sounds a lot like what advertisers said as they moved their classified ads out of the newspaper and on to Craig's List.
We are seeing an increase lately of different jurisdictions (mostly small municipalities but occasionally states and organizations) moving public notices on line.
Do you think Warren Buffett as he continues to buy print newspapers, is reading this?
While the savings are huge, this initiative would be more of a success if third party news organizations had the right to publish these notices. They would do a better job of driving traffic to their sites.
To read how other states are addressing this issue Click HERE