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 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.
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.
Spotless house with a homey feel. Across from park and treed greenspace. Lots of upgrades. Kitchen has slab granite, tall backsplash, SS, gas cooktop, pantry & a 4 seat e...
Duplex: Great investment opportunity in the city, LIVE IN ONE UNIT AND RENT THE OTHER ONE! Large duplex home set on a huge lot with fenced yard. Larger unit is a 4bed/2...
Lovely end unit townhouse with spacious landscaped yard with paved patio, trees for privacy. Granite counter tops. Two upstair master bedrooms with full baths and spaciou...
Classic remixed Old Portland Four Square. Seller has installed new plumbing, electric, and updated all systems. Designer touches throughout, done with class and style. N...
Beautiful & ready to go! Brand new single-level home on 1/2 AC lot - fabulous buy! Beautiful finishes including easy-care LVP flooring, custom cabinets & quartz counters....
Centrally located home in Cascade Park on a large .27 acre lot. Close to shopping and commute yet somewhat removed from the hustle and bustle of the city. Standard spli...
Charming 3 bed 1.5 bath home in the Newton Creek area with a fenced backyard and deck off the dining area. Could be a great home for a first time home buyer or investmen...
REO Occupied - the seller does not represent or guarantee occupancy status. NO VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" cash only sale with ...
Are you looking for a project that needs a top-to-bottom makeover. This 1970's condo is looking for a CASH or REHAB financing buyer with the intention of working on it, i...
REO Occupied - AUCTION, the seller does not represent or guarantee occupancy status. NO access to property- no Interior photos. Please DO NOT DISTURB the occupant. "As is...
REO Occupied AUCTION - the seller does not represent or guarantee occupancy status. NO access to property- no Interior photos. Please DO NOT DISTURB the occupant. "As is"...
Investors delight! Great opportunity in desirable neighborhood. Great floor plan, full partially finished basement and tons of opportunity!
Re-development opportunity. REO / Foreclosure. Could also possible acquisition opportunity for a larger re-development. CR zoning office, medical, banking, retail, restau...
REO foreclosure. Flat corner lot, close to recreation. Original structure lost in wildfire. According to the city of Gates residential replacement of a manufactured or a...
REO Occupied - the seller does not represent or guarantee occupancy status. NO access to property- no Interior photos. Please DO NOT DISTURB the occupant. "As is" cash on...
Fixer upper with tons of potential. 3 bedrooms, 2 baths and 2 car attached garage. Other features include high ceiling, skylights and deck. Great location. Schedule your ...
Sprawling Hillsboro Ranch situated on a large corner lot in a super central and quiet neighborhood! This home features a HUGE living room with a fireplace plus a large fa...
Single Level Detached Home located On A Large 1.7 Acre Lot. Offering Approx. 2000 Sq Ft, 3 Bedrooms And 2 Bathrooms. This Home Is On Septic, Public Water And Electric.
REO Occupied -AUCTION- the seller does not represent or guarantee occupancy status. NO access to property- no Interior photos. Please DO NOT DISTURB the occupant. "As is"...
Ready for a project? Then this listing is for you! Property is being sold in "AS IS, WHERE IS" condition. Please do not enter asset due to fire damage. Listed at land ...
REO Occupied - the seller does not represent or guarantee occupancy status. NOaccess to property- no Interior photos. Please DO NOT DISTURB the occupant. "Asis" cash only...
Amazing Remodeled kitchen w/ floor to ceiling backsplash/accent, granite counters, updated cabinets, recessed lighting. Exceptional 3 bay shop & Multi level barn both w/ ...
Very large home located just outside the city. Easy access to the freeway and schools. 1.15 acre lot gently sloping to the south. Bring your tool belt and get to work mak...
Recently remodeled single-wide manufactured home with Vaulted ceilings. New windows, Siding, Appliances, Paint, Flooring, Vanities, Bathroom tile, etc. Comes with a durab...
2 parcels to be sold together totaling 2.21acres in fantastic Wilsonville location on west end of Frog Pond development. Close proximity to proposed elementary school, m...
2 parcels to be sold together totaling 2.21acres in fantastic Wilsonville location on west end of Frog Pond development. Close proximity to proposed elementary school, m...
Explore the potential of this 3-bedroom, 2-bath home that sits on 6.83 acres with back pasture that would be great for animals. Includes two shops w/electric, concrete fl...
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 pic...
Serene setting surrounded by farmlands. Territorial, sunrise & Mtn views including Jefferson, Mt Hood & Three sisters. Over 7,000 sq ft shop w/power & concrete floor. Par...
Excellent rural location located on the Nehalem River. 3 bedroom, 2 bathroom, family room, large deck. See supplement for more information. Sold as is no repairs or inspe...
Early century Bungalow situated on large corner lot in attractive North Bend location. Detached oversized garage with ample RV parking & 2 RV dump areas.Solid built 3 bed...
Easy interstate access. Proximate to stores, school, and restaurants. Large lot with large shop in back.
Live in a place where you can see the stars at night and experience nature's beauty every day! This is that place. Stunning mountain views, established gardens, and plent...
Twenty-Two Monroe is a 6-unit, high-end, Northwest Contemporary townhome community. Located off North Williams Ave., in Williams Corridor/Boise Eliot neighborhood, one of...
Find your new dream home in Rosedale Park. Beautifully designed master planned community. Street of Dreams award winning builder presents the "Arcadia" plan. Perfect floo...
Excellent opportunity for a fully updated home in Great neighborhood, Updates include new flooring, new kitchen and baths, interior and exterior paint, newer roof, newer ...
HUGE PRICE REDUCTION! Amazing fully remodeled house in the Banks Estates neighborhood! Fantastic features include:ALL NEW: Hot water, Furnace/AC, Roof,Int/Ext Paint, Fen...
HUGE PRICE REDUCTION! Beautiful remodeled custom Renaissance Home in Canby! Wonderful features include:NEW int/ext paint-remodeled kit/bathrooms-new carpet-refinished har...
Nice move in ready 3 bedroom detached condo. Updated kitchen provides access to secluded deck/private yard. Upstairs you will find the primary suite. Two bedrooms are on ...
Needing a little TLC but well worth it. Dining room has bench window seats. Cozy fireplace in the LR with lots of built-ins. Huge family room. Covered wrap around porch f...
PRICED REDUCED! DON'T WAIT TO SUBMIT YOUR BID! Nice home with dramatic 24' vaulted ceilings, walls of windows, beautiful slate entry, bamboo flooring. Watch the sunsets w...
3BR 1BA home within walking distance of Elementary school and shopping. In an established neighborhood ready for your personal touch. Fenced backyard and a tool shed.
Custom home on five acres. Light, bright andcomfortable. Kitchen has storage galore! Office, Hot Tubroom, Shop and barn with plenty of room for your RV. Plus outbuildings...
Lots of potential with this 1976 3 bed, 2 bath manufactured double wide home. Fix the home up, or remove it and take advantage of the existing shared well, septic system...
Enjoy the pastoral views and all the benefits of being only minutes from historic downtown Dallas! This cute cottage needs some TLC but retains the character of 1930's Po...
2 Bedroom, 1 Bathroom Ranch style home. Updated in 2019. Home is Lite fixer, worth a look inside. Large lot, 1 car detached garage. 1 block from shops and theater. Conta...
Off the beaten path on the outskirts of Hermiston. 2 bedroom 2 bath, attached garage, deck. Large lot with plenty of room for a shop. Hermiston, Oregon - where Life is S...
Fantastic 1/4 acre lot near Historic Downtown Cottage Grove. Property currently holds a coffee cart and all equipment included is being sold in as-is condition. Property ...
Over 5000 sq ft, 4 bedrs + loft/library w/built-ins & skylight + main floor den + daylight basement! Formal & informal living spaces w/spacious great room, island kitchen...
<BANK OWNED> Great split level floor plan, main level has three bedroom and two bath large living room with fireplace and nice sunny room with hot tub. Large family room ...
Lot 7, 3.42 ac. THIS IS 1 of 5 CONTIGUOUS LOTS FOR SALE,TOTALING 13.04 ac. Lots 7 & 8 zoned MUR M-2 (Mixed use) 25-35 units/acre allowed, up to 65 ft high. Most others zo...
13,000+ SQFT lot in Glendoveer neighborhood. Great setting for a big new home, easy access, large area to work with.
1966 Ranch home offer 3 bedrooms and 2 full bathrooms on a 7000 square foot lot. Buyer due diligence this is a limited representation listing. This is a Cash only or priv...
Adorable little bungalow awaiting your personal touch!
Bring your tools and creativity for this Portland Cottage! 2 bedrooms and 1 bathroom with a full basement and nice sized lot are awaiting your upgrades! Close to public...
Gorgeous light and scale await in this ultra-prime studio at the Embassy Condos. Ideally located in the NW District this efficient studio residence offers a murphy bed, w...
Check out that lot! 5 acres and a spacious house to boot. Bring your tool belt and imagine all you can do with this!