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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
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...
- 3 Beds
- 2 Baths
- 23047258 MLS
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...
- 4 Beds
- 2 Baths
- 23343744 MLS
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...
- 2 Beds
- 2 Baths
- 23382306 MLS
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...
- 3 Beds
- 2 Baths
- 23142050 MLS
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....
- 3 Beds
- 2 Baths
- 23374847 MLS
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...
- 3 Beds
- 3 Baths
- 23181322 MLS
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...
- 3 Beds
- 1 Baths
- 23419079 MLS
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 ...
- 3 Beds
- 2 Baths
- 23044403 MLS
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...
- 2 Beds
- 2 Baths
- 23473114 MLS
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...
- 4 Beds
- 1 Baths
- 23623157 MLS
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"...
- 2 Beds
- 1 Baths
- 23619930 MLS
Investors delight! Great opportunity in desirable neighborhood. Great floor plan, full partially finished basement and tons of opportunity!
- 3 Beds
- 1 Baths
- 23483124 MLS
Re-development opportunity. REO / Foreclosure. Could also possible acquisition opportunity for a larger re-development. CR zoning office, medical, banking, retail, restau...
- 23338322 MLS
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...
- 23004197 MLS
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...
- 3 Beds
- 2 Baths
- 23214652 MLS
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 ...
- 3 Beds
- 3 Baths
- 23587645 MLS
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...
- 3 Beds
- 2 Baths
- 22649763 MLS
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.
- 3 Beds
- 2 Baths
- 22215526 MLS
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"...
- 5 Beds
- 2 Baths
- 22117347 MLS
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 ...
- 22051233 MLS
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...
- 2 Beds
- 1 Baths
- 22299605 MLS
Amazing Remodeled kitchen w/ floor to ceiling backsplash/accent, granite counters, updated cabinets, recessed lighting. Exceptional 3 bay shop & Multi level barn both w/ ...
- 4 Beds
- 3 Baths
- 22121599 MLS
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...
- 5 Beds
- 4 Baths
- 22111534 MLS
Recently remodeled single-wide manufactured home with Vaulted ceilings. New windows, Siding, Appliances, Paint, Flooring, Vanities, Bathroom tile, etc. Comes with a durab...
- 2 Beds
- 2 Baths
- 22597941 MLS
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...
- 22463219 MLS
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...
- 22532967 MLS
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...
- 3 Beds
- 2 Baths
- 22691564 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 pic...
- 2 Beds
- 1 Baths
- 22480261 MLS
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...
- 3 Beds
- 2 Baths
- 22594302 MLS
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...
- 3 Beds
- 2 Baths
- 22088837 MLS
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...
- 3 Beds
- 1 Baths
- 22023086 MLS
Easy interstate access. Proximate to stores, school, and restaurants. Large lot with large shop in back.
- 4 Beds
- 1 Baths
- 22192844 MLS
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...
- 3 Beds
- 2 Baths
- 22480631 MLS
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...
- 22216248 MLS
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...
- 3 Beds
- 2 Baths
- 22653365 MLS
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 ...
- 3 Beds
- 1 Baths
- 22415296 MLS
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...
- 4 Beds
- 2 Baths
- 22503433 MLS
HUGE PRICE REDUCTION! Beautiful remodeled custom Renaissance Home in Canby! Wonderful features include:NEW int/ext paint-remodeled kit/bathrooms-new carpet-refinished har...
- 4 Beds
- 2 Baths
- 22313028 MLS
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 ...
- 3 Beds
- 1 Baths
- 22476219 MLS
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...
- 3 Beds
- 2 Baths
- 22319843 MLS
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...
- 4 Beds
- 2 Baths
- 22061119 MLS
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.
- 2 Beds
- 1 Baths
- 22674050 MLS
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...
- 3 Beds
- 2 Baths
- 22596236 MLS
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...
- 3 Beds
- 2 Baths
- 22445967 MLS
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...
- 3 Beds
- 2 Baths
- 22026630 MLS
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...
- 2 Beds
- 1 Baths
- 22286540 MLS
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...
- 2 Beds
- 2 Baths
- 22191984 MLS
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 ...
- 22551084 MLS
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...
- 4 Beds
- 2 Baths
- 22035973 MLS
<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 ...
- 3 Beds
- 2 Baths
- 22577950 MLS
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...
- 22254790 MLS
13,000+ SQFT lot in Glendoveer neighborhood. Great setting for a big new home, easy access, large area to work with.
- 22552297 MLS
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...
- 3 Beds
- 2 Baths
- 22568322 MLS
Adorable little bungalow awaiting your personal touch!
- 2 Beds
- 1 Baths
- 22166342 MLS
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...
- 2 Beds
- 1 Baths
- 22244900 MLS
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...
- 1 Baths
- 22442708 MLS
Check out that lot! 5 acres and a spacious house to boot. Bring your tool belt and imagine all you can do with this!
- 4 Beds
- 1 Baths
- 22563679 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 © 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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