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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

3313 N PIONEER CANYON DR, Ridgefield image
3313 N PIONEER CANYON DR, Ridgefield $617,000

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...

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  • 3 Beds
  • 2 Baths
  • 23047258 MLS
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5609 SE 117TH AVE, Portland image
5609 SE 117TH AVE, Portland $650,000

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...

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  • 4 Beds
  • 2 Baths
  • 23343744 MLS
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605 E HAMPTON LN, Newberg image
605 E HAMPTON LN, Newberg $330,000

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...

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  • 2 Beds
  • 2 Baths
  • 23382306 MLS
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4906 NE MALLORY AVE, Portland image
4906 NE MALLORY AVE, Portland $749,900

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...

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  • 3 Beds
  • 2 Baths
  • 23142050 MLS
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610 GRAY PINE ST, Lyons image
610 GRAY PINE ST, Lyons $499,900

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....

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  • 3 Beds
  • 2 Baths
  • 23374847 MLS
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12203 SE MCGILLIVRAY BLVD, Vancouver image
12203 SE MCGILLIVRAY BLVD, Vancouver $467,500

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...

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  • 3 Beds
  • 3 Baths
  • 23181322 MLS
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3095 PORTER ST, Roseburg image
3095 PORTER ST, Roseburg $179,900

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...

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  • 3 Beds
  • 1 Baths
  • 23419079 MLS
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2608 COVE AVE, La Grande image
2608 COVE AVE, La Grande $190,000

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 ...

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  • 3 Beds
  • 2 Baths
  • 23044403 MLS
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15042 NE SISKIYOU CT, Portland image
15042 NE SISKIYOU CT, Portland $249,000

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...

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  • 2 Beds
  • 2 Baths
  • 23473114 MLS
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205 S EDWARDS ST, Newberg image
205 S EDWARDS ST, Newberg $323,194

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...

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  • 4 Beds
  • 1 Baths
  • 23623157 MLS
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1365 FORD LN, North Bend image
1365 FORD LN, North Bend $356,000

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"...

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  • 2 Beds
  • 1 Baths
  • 23619930 MLS
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936 NE 126TH AVE, Portland image
936 NE 126TH AVE, Portland $375,000

Investors delight! Great opportunity in desirable neighborhood. Great floor plan, full partially finished basement and tons of opportunity!

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  • 3 Beds
  • 1 Baths
  • 23483124 MLS
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100 E CENTRAL AVE, Gates image
100 E CENTRAL AVE, Gates $67,000

Re-development opportunity. REO / Foreclosure. Could also possible acquisition opportunity for a larger re-development. CR zoning office, medical, banking, retail, restau...

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  • 23338322 MLS
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100 E CENTRAL AVE, Gates image
100 E CENTRAL AVE, Gates $67,000

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...

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  • 23004197 MLS
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48 N PEACH ST, Medford image
48 N PEACH ST, Medford $297,400 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 23214652 MLS
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2430 NW 145TH AVE, Beaverton image
2430 NW 145TH AVE, Beaverton $572,000

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 ...

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  • 3 Beds
  • 3 Baths
  • 23587645 MLS
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611 SE 35TH AVE, Hillsboro image
611 SE 35TH AVE, Hillsboro $519,900 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 22649763 MLS
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24707 NE 419TH ST, Amboy image
24707 NE 419TH ST, Amboy $300,000

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.

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  • 3 Beds
  • 2 Baths
  • 22215526 MLS
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6903 SE 155TH AVE, Portland image
6903 SE 155TH AVE, Portland $643,400 ▼

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"...

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  • 5 Beds
  • 2 Baths
  • 22117347 MLS
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2045 MAIN ST, Springfield image
2045 MAIN ST, Springfield $69,000

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 ...

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  • 22051233 MLS
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723 OAK ST, Medford image
723 OAK ST, Medford $249,100 ▼

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...

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  • 2 Beds
  • 1 Baths
  • 22299605 MLS
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13644 AGATE RD, Eagle Point image
13644 AGATE RD, Eagle Point $524,900 ▼

Amazing Remodeled kitchen w/ floor to ceiling backsplash/accent, granite counters, updated cabinets, recessed lighting. Exceptional 3 bay shop & Multi level barn both w/ ...

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  • 4 Beds
  • 3 Baths
  • 22121599 MLS
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326 P G Sweet RD, Kelso image
326 P G Sweet RD, Kelso $334,900 ▼

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...

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  • 5 Beds
  • 4 Baths
  • 22111534 MLS
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5600 MT SOLO RD Unit #114, Longview image
5600 MT SOLO RD Unit #114, Longview $49,000

Recently remodeled single-wide manufactured home with Vaulted ceilings. New windows, Siding, Appliances, Paint, Flooring, Vanities, Bathroom tile, etc. Comes with a durab...

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  • 2 Beds
  • 2 Baths
  • 22597941 MLS
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7400 SW BOECKMAN RD, Wilsonville image
7400 SW BOECKMAN RD, Wilsonville $1,200,000

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...

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  • 22463219 MLS
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7310 SW BOECKMAN RD, Wilsonville image
7310 SW BOECKMAN RD, Wilsonville $1,850,000

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...

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  • 22532967 MLS
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37876 SODAVILLE CUTOFF DR, Lebanon image
37876 SODAVILLE CUTOFF DR, Lebanon $400,900 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 22691564 MLS
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97859 GRAVELFORD LN, Myrtle Point image
97859 GRAVELFORD LN, Myrtle Point $139,900 ▼

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...

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  • 2 Beds
  • 1 Baths
  • 22480261 MLS
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7575 BLANCHARD RD, Sheridan image
7575 BLANCHARD RD, Sheridan $447,100 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 22594302 MLS
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82237 Riverbend RD, Jewell image
82237 Riverbend RD, Jewell $299,900 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 22088837 MLS
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2406 EVERETT, North Bend image
2406 EVERETT, North Bend $299,900 ▼

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...

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  • 3 Beds
  • 1 Baths
  • 22023086 MLS
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1435 GLEASON AVE, Sutherlin image
1435 GLEASON AVE, Sutherlin $224,900 ▼

Easy interstate access. Proximate to stores, school, and restaurants. Large lot with large shop in back.

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  • 4 Beds
  • 1 Baths
  • 22192844 MLS
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95822 QUAIL MOUNTAIN RD, Gold Beach image
95822 QUAIL MOUNTAIN RD, Gold Beach $749,000

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...

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  • 3 Beds
  • 2 Baths
  • 22480631 MLS
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22 NE MONROE ST, Portland image
22 NE MONROE ST, Portland $2,990,000 ▼

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...

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  • 22216248 MLS
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6560 SE Provence ST, Hillsboro image
6560 SE Provence ST, Hillsboro $649,900 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 22653365 MLS
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3496 POTTS DR, Keizer image
3496 POTTS DR, Keizer $372,900 ▼

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 ...

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  • 3 Beds
  • 1 Baths
  • 22415296 MLS
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42078 NW BUCKSHIRE ST, Banks image
42078 NW BUCKSHIRE ST, Banks $585,000 ▼

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...

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  • 4 Beds
  • 2 Baths
  • 22503433 MLS
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358 SE 13TH PL, Canby image
358 SE 13TH PL, Canby $629,900 ▼

HUGE PRICE REDUCTION! Beautiful remodeled custom Renaissance Home in Canby! Wonderful features include:NEW int/ext paint-remodeled kit/bathrooms-new carpet-refinished har...

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  • 4 Beds
  • 2 Baths
  • 22313028 MLS
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6030 NE SIMPSON ST, Portland image
6030 NE SIMPSON ST, Portland $339,900 ▼

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 ...

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  • 3 Beds
  • 1 Baths
  • 22476219 MLS
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806 PIONEER DR, Silverton image
806 PIONEER DR, Silverton $634,900 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 22319843 MLS
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1040 NE 6TH ST, Newport image
1040 NE 6TH ST, Newport $556,000 ▼

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...

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  • 4 Beds
  • 2 Baths
  • 22061119 MLS
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326 NW CIVIL BEND AVE, Winston image
326 NW CIVIL BEND AVE, Winston $139,900 ▼

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.

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  • 2 Beds
  • 1 Baths
  • 22674050 MLS
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6525 RICKREALL RD, Independence image
6525 RICKREALL RD, Independence $735,000 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 22596236 MLS
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74471 PALM CREEK RD, Clatskanie image
74471 PALM CREEK RD, Clatskanie $246,400 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 22445967 MLS
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2880 SOUTH KINGS VALLEY HWY, Dallas image
2880 SOUTH KINGS VALLEY HWY, Dallas $385,000 ▼

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...

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  • 3 Beds
  • 2 Baths
  • 22026630 MLS
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3645 SE 86TH AVE, Portland image
3645 SE 86TH AVE, Portland $329,900 ▲

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...

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  • 2 Beds
  • 1 Baths
  • 22286540 MLS
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29908 BUFFALO LN, Hermiston image
29908 BUFFALO LN, Hermiston $133,000 ▼

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...

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  • 2 Beds
  • 2 Baths
  • 22191984 MLS
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803 HWY 99, Cottage Grove image
803 HWY 99, Cottage Grove $165,000

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 ...

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  • 22551084 MLS
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3950 BIRCH ST, Washougal image
3950 BIRCH ST, Washougal $699,900 ▼

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...

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  • 4 Beds
  • 2 Baths
  • 22035973 MLS
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1954 SW BINFORD LAKE PKWY, Gresham image
1954 SW BINFORD LAKE PKWY, Gresham $363,000 ▼

<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 ...

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  • 3 Beds
  • 2 Baths
  • 22577950 MLS
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17321 SE SUNNYSIDE RD, Damascus image
17321 SE SUNNYSIDE RD, Damascus $2,093,040

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...

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  • 22254790 MLS
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NE 143RD AVE, Portland image
NE 143RD AVE, Portland $200,000

13,000+ SQFT lot in Glendoveer neighborhood. Great setting for a big new home, easy access, large area to work with.

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  • 22552297 MLS
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19844 NE MULTNOMAH ST, Portland image
19844 NE MULTNOMAH ST, Portland $502,656

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...

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  • 3 Beds
  • 2 Baths
  • 22568322 MLS
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2525 N LOMBARD ST, Portland image
2525 N LOMBARD ST, Portland $324,750 ▼

Adorable little bungalow awaiting your personal touch!

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  • 2 Beds
  • 1 Baths
  • 22166342 MLS
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3401 SE 129TH AVE, Portland image
3401 SE 129TH AVE, Portland $209,900 ▼

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...

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  • 2 Beds
  • 1 Baths
  • 22244900 MLS
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2015 NW FLANDERS ST Unit #314, Portland image
2015 NW FLANDERS ST Unit #314, Portland $169,900 ▼

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...

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  • 1 Baths
  • 22442708 MLS
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2090 SEVEN MILE HIGH RD, The Dalles image
2090 SEVEN MILE HIGH RD, The Dalles $369,000 ▼

Check out that lot! 5 acres and a spacious house to boot. Bring your tool belt and imagine all you can do with this!

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  • 4 Beds
  • 1 Baths
  • 22563679 MLS
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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 © 2023 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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