Search All Foreclosures
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
WELCOME HOME TO YOUR MID-CTRY CHARMER ON LG FENCED LOT IN DESIREABLE WILL-VALLY WINE COUNTRY. CUTE CAPE COD ON LG CRNR LOT, UPDATED WITH GRANITE,CUST. KNOTTY MAPLE CABS, ...
- 3 Beds
- 1 Baths
- 21577908 MLS
UP AND COMING NEIGHBORHOOD! SEE THIS 3 BR 1 BATH WITH BONUS LOFT ROOM, NEEDS SOME WORK CASH SALES ONLY WITH PROOF OF FUNDS! "Property built prior to 1978 and Lead Based P...
- 3 Beds
- 1 Baths
- 21446430 MLS
Amazing views from almost every room. Newly completed custom home. Open floor plan w high ceilings, LVP, and custom finishes. Large kitchen with waterfall design quartz c...
- 5 Beds
- 4 Baths
- 21450451 MLS
Do not miss this 3 bedroom, 2 bath updated home featuring new roof, kitchen cabinets, appliances, Bath fixtures, heat pump, water heater, floor coverings, interior paint ...
- 3 Beds
- 2 Baths
- 21677841 MLS
Three bedroom, 2 bath, 1330 sf manufactured home in close proximity to the Outlet Mall and Bi-Mart as well as to D River Wayside State Park and Devils Lake. A little TLC ...
- 3 Beds
- 2 Baths
- 21694110 MLS
Designer home in the heart of a magical Portland neighborhood. Spacious dining room, kitchen, back deck, and lush yard are perfect for entertaining; or take a quick strol...
- 3 Beds
- 2.1 Baths
- 21197865 MLS
Townhouse style home in great quiet cul de sac! Great features include: Fresh new paint/flooring, new granite counters, SS appliances, open concept on main level, master...
- 3 Beds
- 2.1 Baths
- 21280476 MLS
Beautiful English remodeled! Nice solid hardwood floor on main and upstairs, lux vinyl floor in lower level. Huge new kitchen with quartz top, stainless appliances, slidi...
- 5 Beds
- 2 Baths
- 21167251 MLS
Wonderful Springfield 3 bedroom home on a large corner lot. large front fenced front yard, RV parking for your toys and attached multiple storage shed for tools with. Sli...
- 3 Beds
- 1 Baths
- 21246782 MLS
Located in the beautiful 1910 Irving Street Towers, this condo is one of the most spacious in the building. Open kitchen/living layout with updated appliances and tile co...
- 2 Beds
- 1 Baths
- 21504898 MLS
Take a look at this 2 bedroom bungalow on a nice big lot! This one level home has all the rooms you need - and a detached double garage, peaceful backyard. Bring your cr...
- 2 Beds
- 1 Baths
- 21438673 MLS
Reserve in the Pines New Construction built by Chad E. Davis Construction, LLC. The Birch. Efficient open plan, Laminate flooring, wood wrapped windows on main, Living rm...
- 4 Beds
- 2.1 Baths
- 21418621 MLS
Reserve in the Pines New Construction built by Chad E. Davis Construction, LLC. The Spencer. Efficient open plan, Laminate flooring, wood wrapped windows on main, Living ...
- 3 Beds
- 2.1 Baths
- 21380095 MLS
Totally remodeled (2021) OCEAN VIEW HOME! Close to miles of sandy beach and beautiful Alsea Bay! 2 car garage! Large outbuilding!
- 3 Beds
- 2 Baths
- 21426999 MLS
Entertainers will love this 3BR 2BA house + 1BR 1BA guest house on a .60 acre lot! Everything you're looking for...1-level, private setting, updated kitchen w/ ss applian...
- 3 Beds
- 2 Baths
- 21377126 MLS
Handyman Special is ready for your renovation ideas-Amazing opportunity to own this 6 bed 3 bath home. Rural setting perfect for a country retreat. Spacious multi-level h...
- 6 Beds
- 3 Baths
- 21051838 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
Not far from downtown Camas area, this 2Bedroom, 1 Bath home has 1264 sf on the main w/ 504 sf unfinished basement. Good sized lot. Bring in your offers. Call agent for s...
- 2 Beds
- 1 Baths
- 21673515 MLS
RARE FIND!! 2 springs feed year round stream that flows through this lovely setting! Seller states lot is buildable. Information available. Bring your imagination and bui...
- 21513187 MLS
UP THE N BANK OF THE CHETCO RIVER, OUT OF COASTAL FOG! Views of Mt Emily & Valley! Warm & sunny, private, gated 5.37 acre hillside land, nestled in trees with ample flat ...
- 21498630 MLS
Great opportunity! HUD owned unit with view of the courtyard. Secure building with charming lobby. 2 bedroom/2 bath unit. Kitchen opens to the large living room with sli...
- 2 Beds
- 2 Baths
- 21184850 MLS
Updated 3 bedroom, 2 bath double wide manufactured home located on private 5 acre setting well off main road. Home features new roof, interior and exterior paint, applia...
- 3 Beds
- 2 Baths
- 21353602 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...
- 20176080 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 © 2021 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.
Address Search
NW Portland
SW Portland
Popular Cities
Additional Property Types
