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Foreclosure
For some, it is a word that conveys the fear and dread of financial ruin, while for others it infers a positive economic opportunity. Regardless of the perspective, it is possibly the most misunderstood aspect of any real estate market.
Buying Foreclosures
Buying directly from the bank is preferred by many because it is a more methodical, predictable and non-emotional process than buying from the distressed seller.
Not all REOs are good deals. Many banks want market value in order to recoup as much of their losses as possible. Others are more concerned with liquidating their REO inventory as these non-performing assets have a negative impact on their books. We have relationships with asset managers and REO officers, so knowing which lenders are motivated sellers and which properties represent a bargain is where we come in.
If you’re an investor or buyer looking for lender owned value-priced properties, fill out the contact form on the right or give us a call at 503-343-5825.
Facing Foreclosure
If you are an owner of Oregon real estate that would like to know what options you may have in avoiding foreclosure or walking away from the mortgage, fill out the contact form on the right or contact us at 503-343-5825 to schedule a confidential consultation.
The foreclosure process begins when the lender files a Notice of Default, or NOD, with the County Recorder once a borrower defaults on their loan. The process ends when:
Within the grace period determined by state law (pre-foreclosure), the borrower pays the default amount and reinstates the loan, or
The property is sold during the pre-foreclosure time period, allowing the borrower to pay off the loan. A situation where the loan is greater than the sale amount, but the lender agrees to a loan payoff that is less than what is owed is referred to as a short sale or short pay.
At the end of the pre-foreclosure period, a trustee sale occurs and the property is sold at a public auction to a third party, or
The lender takes ownership of the property through an agreement with the borrower during the pre-foreclosure time period or buys the property at the trustee sale. The bank-owned property is referred to as real estate owned or REO.
All Foreclosures in the Oregon
3 BR 2 BA 1621 SQFT Manufactured home on 0.23 Acre lot. Needs some TLC, But has potential to be a great home. Fenced backyard with deck off the back slider. Call Jerome M...
- 3 Beds
- 2 Baths
- 22260827 MLS
Affordable Handyman special-possible tear down is situated in the rural Bandon area; and ready for your updates. A lot will be required to restore this home, but great op...
- 4 Beds
- 2 Baths
- 22020233 MLS
Brand NEW phase in Brookside @ pleasant Valley!!! Highly desirable Azalea plan offers an open concept w/3 bedrooms + loft & 2.5 baths, 2 car garage & smart home features....
- 3 Beds
- 2.1 Baths
- 22674673 MLS
Sold AS IS. Nice large ranch style home on a large lot, with garage and shop. Lot may be dividable, check with city and county to determine. Lots of opportunity to make t...
- 3 Beds
- 1.1 Baths
- 22369915 MLS
Outstanding views of the city and river! This manufactured home has been remodeled from top to bottom including a new roof, HVAC system, exterior and interior paint and f...
- 3 Beds
- 2 Baths
- 22301705 MLS
This building offers you the opportunity for a coffee shop with drive up window, convenience market, office, take out pizza. This building and lot are in perfect conditi...
- 22443906 MLS
Home in the Sleepy Hollow neighborhood in Sandy.
- 1 Beds
- 1 Baths
- 22645095 MLS
Well-maintained single-level home with a large fenced backyard. Features ductless heat pump, new flooring, countertops, fresh interior paint, vinyl windows, and new fixt...
- 3 Beds
- 1.1 Baths
- 22526263 MLS
Terrific opportunity, unlimited potential in Walla Walla! Take a look at this 2-story farmhouse on corner lot! Detached garage, covered porch. 2 bedrooms, 1 bath on main...
- 2 Beds
- 1 Baths
- 22173280 MLS
Lot 7, 3.42 ac. THIS IS 1 of 6 CONTIGUOUS LOTS FOR SALE,TOTALING 17.59 ac. Lots 1,7&8 zoned MUR M-2 (Mixed use) 25-35 units/acre allowed, up to 65 ft high. Most others zo...
- 22254790 MLS
Wonderfully updated A-Frame home on wooded semi private 1.4 acre lot. Updated with new interior and exterior paint, carpet and vinyl flooring and Heat Pump. New cabin...
- 3 Beds
- 2 Baths
- 22106919 MLS
92 WalkScore&90 BikeScore,this location eliminates the need for a car since amenities are at your fingertips while being steps from schools, parks & shopping!Gorgeous&det...
- 2 Beds
- 1.1 Baths
- 22009847 MLS
Great small acreage with an abundance of trees/privacy. Some sweat equity will make this property fantastic. Large rooms, many windows and open concept kitchen to a famil...
- 3 Beds
- 2.1 Baths
- 21631405 MLS
Country Charmer with River Frontage! 2 level home sitting on 1.2 acres. Kitchen area with breakfast nook and built-ins add to the charm of the home. High ceilings and p...
- 2 Beds
- 1 Baths
- 21137471 MLS
Newer 2bd/2 ba home in Bayshore! Subject is scheduled to be in an auction beginning 01/15/2022 and ending 01/18/2022 on Auction.com. This property is subject to a 5% buye...
- 2 Beds
- 2 Baths
- 21269501 MLS
Tri-Level home featuring 3 beds, 2 baths and a 2-car attached garage situated on a 0.18 corner acre lot.
- 3 Beds
- 2 Baths
- 21692209 MLS
This property is being marketed occupied. The interior of the property cannot be accessed. The foreclosure has already been completed for this property. The purchaser is ...
- 2 Beds
- 1.1 Baths
- 21337648 MLS
NO SIGN ON PROPERTY.OLD LISTING SAYS THE PROPERTY IS 1500 SF WITH A POSSIBLE IN-LAW QUARTERS. THE LARGE LOT AFFORDS FOR LARGE RV PARKING SPACE. ONE LEVEL RANCH WITHIN WAL...
- 3 Beds
- 3 Baths
- 21285823 MLS
Moby Dick's Tavern located on Busy Hwy 101 in the Heart of Newport! This Unique Space Offers a Large Bar Area with Tons of Seating, a Dance Floor, Restrooms, and Separate...
- 21695591 MLS
HUGE PRICE REDUCTION! Spacious modern home in nice Sandy subdivision! Great features include: NEW int/ext paint/SS kit apps/granite counters/all flooring, 4 bedrooms, 2....
- 4 Beds
- 2.1 Baths
- 21598092 MLS
This home offers incredible views overlooking the Willamette river. Located on a quiet dead end street. The property is zoned for the potential to be remodeled into a du...
- 2 Beds
- 1 Baths
- 21576849 MLS
New on the market. This Bay City 3 bedroom, 1 1/2 bath on a nice size lot has a lot to offer. Some fix up and updating needed.
- 3 Beds
- 1.1 Baths
- 21609333 MLS
1.3 acres in excellent Reedsport neighborhood! Property is not all usable. Eastern border of property adjoins Forest Hills Golf Club.Please contact the city of Reedsport ...
- 21286223 MLS
Coastal Acreage that is private, serene and has a building site with views Westward to the Nestucca bay Wildlife Refuge and Little Nestucca River and Valley. Nature is ab...
- 21202259 MLS
Conveniently located in Portland, Kenton District, and a nicely remodel Vintage Home. The new energy-efficient window allows for abundant natural light. Full basement th...
- 2 Beds
- 1 Baths
- 21245645 MLS
Welcome to the quaint community of Echo, Oregon! Spacious manufactured home on large lot. 4 bedrooms, 2 bathrooms, large living room; dining room with slider to deck, con...
- 4 Beds
- 2 Baths
- 21579021 MLS
Great rehab project. Single level ranch needing a little TLC. 2nd lot for new build job? Buyer to complete due diligence prior to writing offer. Don't miss this great opp...
- 3 Beds
- 2 Baths
- 21105934 MLS
This 2 Story home was built in 1904 and located on a large corner fenced lot in the city of Richland, Oregon. Home features 5 to 6 bedrooms with 3 bathrooms. The heating ...
- 5 Beds
- 3 Baths
- 21411447 MLS
Corner lot RV parking, no value to the hot tub. NOT IN THE FLOOD ZONE! Short walk to parks, downtown and all the shops!!
- 3 Beds
- 1.1 Baths
- 21389761 MLS
Fixer alert! Cute and classic Lents charmer in need of some TLC. 1 bedroom, 1 bathroom, 748 square feet just blocks to Glenwood Park. Short commute to 205. Bank owned, so...
- 1 Beds
- 1 Baths
- 21330375 MLS
Property currently being used for auto tire sales and service but is zoned Corridor Commercial which would allow mixed uses (retail, banks, grocery, restaurant, industria...
- 21053940 MLS
1996 manufactured home offer 3 bedrooms and 2 full bathrooms on a 0.37 acre lot. Property to subject to RIGHT OF Redemption Period expiring on 12/20/2021. Buyer due dilig...
- 3 Beds
- 2 Baths
- 21232393 MLS
Take a look at this home in Ukiah!Two bedrooms, two bathrooms, living room and family room. Kitchen/utility leads to over sized carport w/storage sheds. Outbuilding could...
- 2 Beds
- 2 Baths
- 21276290 MLS
Fabulous Bay & Ocean views from this upscale gated development. All underground utilities installed, paved streets, public sewer and water ready to connect to. Build your...
- 20482529 MLS
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2022 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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