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.
Fish the Clackamas River from your back deck! Large private lot, gorgeous riverscape with multiple shade trees, calm and serene setting. Outdoor/indoor fireplace. Vaulted...
Welcome home to this well-maintained home on a cul-de-sac with an open floor plan and along greenspace. Cozy corner gas fireplace in main living room. Kitchen area with p...
Property is lender-owned, being sold as-is, and seller makes no representations or warranties. 6 bedroom+4.5 bath home with 5306 SF on a 1/2 acre lot. Great Location!
Lot 29 is 5967 sq ft corner lot in a Brand New 108 Lot McMinnville Subdivision. See picture of lot plat map. Lots ranging from 4,500 sq ft to 14,000 sq ft. Bring your own...
Classic farmhouse in quiet neighborhood has been fully updated with new paint, flooring, kitchen and baths, has potential 3rd bedroom upstairs . Extra large detached gara...
Opportunity for some sweat equity. Territorial views, 12 acres. Barn, chicken coop and an ADU with 1 bedroom, 1 Bath and an area for a kitchen. Private setting. Needs new...
This property is now under auction terms. All offers must be submitted during the auction via the auction website. All offers will be subject to seller approval (minimums...
Great opportunity for an updated home with plenty of room to grow. This home is minutes from amenities and has a great yard and would be perfect for you! Contact us today...
Good bye landlord! I am buying this Affordable Classic Rancher! Although it is a foreclosure sale, the Home is lendable. Even USDA 0% down eligible! Home features laminat...
HUGE price reduction. Buyers take advantage of these amazing prices on these stunning homes.Beautiful new construction in Wren Heights Estates S. Pride in workmanship tru...
Calling all investors bring your vision and tenacity! Hard to find, reasonably priced home and acreage ready for your fixes. Mostly cosmetic, with some repairs needed and...
Relatively newer 2004 manufactured home is nicely refreshed with new interior and exterior paint, carpet, kit counters, bathroom floor coverings, sinks, and tub-showers. ...
Cute 2 bedroom 1 bath on a little over an acre with a large detached shop. There is plenty of space for your garden, it has a carport and the property is less than one m...
Wonderful opportunity for this spacious updated home by the bay.Lower level has 2 rooms one of which has a closet and can be used as a bedroom
Classic 1920s craftsman style home with covered front porch, fenced backyard with large patio, and attached 2-car garage with oversized RV parking bay. Interior features...
Sherwood Hollow Beauty! This Lovely Home has 4Brdms & 2.1 Baths. Covered Porch W/ Sitting area, Fenced Back Yard W/ Large Concrete Patio. Kitchen has Stove, Dishwasher & ...
Unlock the potential of this 2-bed, 2-bath A-frame on a .52-acre treed lot between Netarts and Tillamook. This unique property offers an open-beam ceiling, hardwood floor...
Nestled within the desirable enclave of Highcreek Gardens, this magnificent property redefines luxury living in Hillsboro. As you step inside, be prepared to be captivat...
Sits at the very top of View of the Bay subdivision. Ocean, Depoe Bay, and mountain views from the porch, living room, and primary bedroom. New int and exterior paint. 2...
Not too big, not too small, this just right cabin is one of Sandy's best values. Each room of the home is well-positioned to take advantage of the natural light and the e...
Ranch style 3bd/2bd home with a large 100x121 lot. 2 car oversized garage. Fenced yard, and boat or RV parking! You can see Sutton Lake from the street! All offers must b...
If you are looking for a large home, here it is! The lower level has a large living room with sliding door to side yard, kitchen, 2 bathrooms, 3 bedrooms, & laundry area...
Great opportunity for a nice corner lot home, with tons of concrete parking, and a nice garage. The home is very solid with 2 bedrooms and 2-1/2 bathrooms (half bath in t...
Great home with tons of potential. Large picture windows frame the stunning view of the Elkhorn Mountains. 4 bed, 2 bath house with a master suite in progress. 2 car atta...
Cute Cottage in Historic neighborhood with lots of updates! Fresh paint and flooring, newer mini split HVAC. possible 3rd bedroom plus upstairs bonus room/loft and good ...
Here's Another Fixer Opportunity In The Country. Remodeling has been started but needs someone to wrap it up. A Major Investment Can Pay Major Returns. 36x36 Shop With Po...
Rare opportunity for a 4-Plex built in 1995 in this price range. Well priced for the professional investor or contractor. Ambitious homeowners live in one and rent three....
Basement: Approx. 937Sq ft. Has sliding glass door that goes right to the back yard. There is a large Bedroom, Bonus rm, large laundry room, office. ***Separate Living Qu...
Great investment opportunity with this fixer upper. Mostly cosmetic updates are needed but the roof may not finance so we are looking for a cash or hard money terms only...
Here's a perfect canvas for you to create your home! Large, flat lot in the heart of Clarkston, Washington!
Southwest Hills! Original build per tax records 1991. Was a 2225 SF home with attached garage, but several years ago suffered a fire according to neighbors and on Portlan...
Super cute and cozy Kelso bungalow that embodies convenience and potential~ This 1 bedroom, 1 bathroom, 564 square foot gem is a great place to start or downsize. The per...
Welcome to your new lakefront home! This fantastic Tenmile Lake A-frame cabin is perfect for those who love the water. With a dock for your boat and minimal steps to the ...
Realize your dreams with this 3 bedroom/1.5 bath home. Open living, dining, and kitchen concept. Primary bedroom has outside entry and 1/2 bath. This home sits on a corne...
Welcome to this private Summerlinn Estates townhouse style condominium. Loads of natural lighting with multiple skylights. Lovely amenities include granite counters, new ...
Beautiful views of the town and mountains await you on this elevated lot. Located a few blocks from the Alsea River. This home features a great room concept with large ...
Hear the birds sing on this lovely, LEVEL, 1.26 acres of country property. Build your dream home or move in a MFH. Electricity is there! There are two wells are on the ne...
Set your eyes on this truly awe-inspiring ranch home. Enter this expansive 3 bedroom, 2.1 bath home centrally located in Gresham. This classic layout features a spacious ...
Rare top floor corner unit with stunning Columbia River views. Bring your imagination and create your own amazing townhome! Relax on your private deck while enjoying the ...
SELLER OFFERING $5000.00 TOWARD RATE BUY DOWN!!! This spacious ranch has been completely renewed and refreshed w/ quality fixtures, finishes, windows, siding, appliances...
OPPORTUNITY AWAITS! Large ranch home on a gorgeous lot. Location! Location! Location! Hurry - you don't want to miss out on this one.
What a house! Take a look at this daylight basement style home with a nice city view situated on a tucked-away street. 5 bedrooms, 2 bathrooms; kitchen on main level and ...
Ready to build on a commercial lot in Springfield within walking distance of great amenities and minutes from Hwy-126. Check out this hidden gem of a vacant lot! It is ab...
Opportunity knocks! Wonderful ranch home on a gorgeous lot. Just a little elbow grease will make this shine! Come make it yours!
Enjoy this 2002 Fleetwood home tucked away off the road. The large lot gives you very minimal neighbors and a private location. Large primary suite with extra large bat...
HUGE PRICE REDUCTION! Welcome to your dream home! This beautifully remodeled ranch-style house is the perfect blend of classic charm and modern elegance. Situated on an o...
Look at this triple wide manufactured home in the charming community of Pilot Rock, Oregon! This home has a great layout with 4 bedrooms, 2 bathrooms and the sizable kitc...
Tool Time! Berry Acres/ Cully area. Slab floor. Cinderblock walls on first floor. Two bedrooms on the main plus two more bedrooms upstairs. Full bath by bedrooms on main ...
You won't find a better opportunity to own a slice of country living at such an affordable price. This bungalow is a hidden gem just waiting for repair and TLC! The 1.07 ...
Tool Time! Berry Acres/ Cully area. Slab floor. Cinderblock walls on first floor. Two bedrooms on the main plus two more bedrooms upstairs. Full bath by bedrooms on main ...
160 feet of Mckenzie River frontage (approx) and one seriously unique house. There are two addresses (87946 and 87948). Originally this property was an RV park and mult...
Check out this 3 bedroom, 1.5 bath ranch home on a quiet street. Large yard with extra parking and tool sheds. Update or remodel and enjoy the quiet setting. Great invest...
A Must see! this beautiful home in desired area. Open and inviting enclosed porch welcomes you in. Home has a great warmth and feel to it. Kitchen has a great working are...
Unit #8 REO Foreclosure. 3BRS + office or bonus room. Cement block foundation. Appears to have had some nice updates over the years and is clean. Laminate floor coverings...
HUGE PRICE REDUCTION! Welcome to this charming Craftsman-style fixer-upper home! This property is a diamond in the rough, with endless possibilities to restore it to its...
Green area project home for the savvy investor, creative designer or visionary. Low county taxes. Metal roof.
So many bedrooms! 5 bedroom, 2 bath home on large lot. Living room on main, family room on lower level; Looking for a view? This Pilot Rock home has a bird's eye view as ...
3 BD 2 BA DOUBLEWIDE ON 0.65 ACRES WITH A 2 CAR DETACHED GARAGE. ENOUGH ROOM TO PARK YOUR RV AND ADD A GARDEN OR FLOWER BED. ENJOY THE LARGE FRONT DECK. NEEDS SOME TLC. C...
Piedmont Cape Cod on corner lot ready for your imagination and updates. Huge kitchen with eating area, dining room, partially finished basement with high ceilings. Detach...
4 bedroom and 4 1/2 bath home. The bedroom in the basement might not have a legal size window. Large home with gorgeous views and a 3-car garage to park all of your veh...
Outstanding Estate with no expense spared on the world-famous Main Umpqua River! This one-of-a-kind property includes gorgeous Estate home, a second home, huge RV/boat ga...
Premium location off Hwy 26 with excellent visibility for a commercial operation or small farm. Or build your dream home. Buyer to verify with county on uses. Public Coas...
Check out this oversized level lot with view of natural area. Picturesque setting. Tool time on this one level home with all the possibilities. According to public record...
Welcome to the enchanting 12 Forest Hill Lane, a sprawling 20-acre homestead that presents a truly remarkable opportunity. This industrial-style, three-story stick-built ...
Developers dream! Two large lots in the sought-out area of Tigard. Once having two single families residences, now both demolished. All utilities are accessible to the p...
Located in the highly sought-out area of Marina Heights. Prepare to be captivated by the gorgeous mountain views surrounding this newer home, providing a breathtaking bac...
Come make this one your own! Cozy 3 bedroom home set in the trees. New roof, ductless heating/AC system and carpet. Buyer to verify all pertinent info
Incredible Opportunity in Forest Haven Subdivision!Don't miss this fantastic opportunity to own a 5,770 square foot lot in the desirable Forest Haven Subdivision. Whether...
Major fixer, but is structurally sound . 10+ acres and 8500+ SF, the opportunities are endless. Structure at the bottom of the hill is a 2250 SF shop with 3 car garage, ...
List price based on buyer qualifying for HOTLE program through the PHB; max net income 114.4K; reduced property taxes (up to 75%) for 10 years; save thousands! Kitchen fe...
One level living with bonus/loft upstairs. Double door entry opens to vaulted living room with gas fireplace and wide-plank laminate floors. Kitchen features granite co...
Build your dream home in this 2.19 acre Columbia Heights Neighborhood. Prime area of well established homes with territorial views all around. Close proximity to town but...
Outstanding price! No listed comparable property in Central Point has been priced for less in over a year! First time on the market, this cottage was with the previous fa...
Tucked away! If you like the cozy cabin feel, this home is for you. You'll find a 3 bedroom, 2 bath home with warm wood finishes. Living room with fireplace, formal dinin...
County Bldg Use SF Storefront Fire Alarm to Fire Dept Cedar Siding on front Ceiling height 12' Sale Excludes Security Door/Gate at entrance AND SIGN. 10 year old roof. ...
Spacious home on 22+ acres. Home has large rooms. Upstairs 4th bedroom and bath with additional attic storage. Upstairs accessible from outside stairway. Beautiful proper...
Great opportunity in coveted Arlington Heights neighborhood. Fabulous location near Rose Gardens, Tennis courts, Washington Park and Japanese Gardens. Just minutes to sho...
Twenty-Two Monroe is a 6-unit, high-end, Northwest Contemporary townhome community. 100% Leased! Located off North Williams Ave., in Williams Corridor/Boise Eliot neighbo...
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...
Adorable little bungalow awaiting your personal touch!
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...