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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
Single Level Home Offering Approx. 1656 Sq Ft Of Living Space, Living Room, Family Room With Cozy Fireplace, Kitchen & Dining, 3 Bedrooms And 2 Baths. 2 Car Attached Gara...
- 3 Beds
- 2 Baths
- 22130091 MLS
Hard-to-find 3 BR, 2 bath ranch with two-car garage! High and vaulted ceiling living room with nice gas fireplace. Lots of cabinets. Pergo-style kitchen floor. Double sin...
- 3 Beds
- 2 Baths
- 22148621 MLS
Fixer on large lot! Bring your tools and ideas for this one! Large fenced back yard, two story home located just outside of the city limits!
- 2 Beds
- 1 Baths
- 22337958 MLS
Custom, Quality, Bruce Wiechert Built Home in desirable Coburg - NEW subdivision of 26 homes. 4 Bedrooms or 3 Bedrooms + Den, Plus Bonus Room! Hardwood floors, crown mo...
- 4 Beds
- 2.1 Baths
- 22082634 MLS
Stunning one-level home in Aloha! Located in a cul-de-sac this home features Three bedrooms and one bathroom. Living room with newer laminate floors and windows. Kitchen ...
- 3 Beds
- 1 Baths
- 22106189 MLS
Located in town. Close to schools. 1-Story, 1187 sq. ft. , 2 bedrooms, 2 baths, 2 attached garage, built in 1948, 0.19 acres, public water & sewer, baseboard heating, woo...
- 2 Beds
- 2 Baths
- 22244418 MLS
3 bedroom 1 bath home on a dead end street with two large bonus rooms in the attic. Large fenced back yard.
- 3 Beds
- 1 Baths
- 22429516 MLS
Unbelievable Views of Mt. Hood, Willamette River, Tilikum Bridge and South Waterfront from this 2 bedroom/2bath condo. Just shy of 1500 Sq. Ft. Open and light floorplan w...
- 1 Beds
- 2 Baths
- 22132023 MLS
1995 manufactured home offer 3 bedrooms and 2 full bathrooms on a 0.45 acre lot. Buyer due diligence this is a limited representation listing. This is a Cash only or priv...
- 3 Beds
- 2 Baths
- 22044523 MLS
Rare opportunity to live in one unit, and generate income by renting lower unit. Or rent both as investment opp! Secluded & serene and backs to hiking trails. Walk to dow...
- 3 Beds
- 2 Baths
- 22447662 MLS
Ranch style home on large level lot! Great features include: large fenced backyard, primary bedroom with full bathroom, patio area hooked up for hot tub, vaulted ceiling...
- 3 Beds
- 2 Baths
- 22034075 MLS
Adorable little bungalow awaiting your personal touch!
- 2 Beds
- 1 Baths
- 22166342 MLS
Top of the World! Spectacular Mt St Helens and valley views. Private location with separate guest house for ???. Shop in basement below guest house. Fish ponds, a lan...
- 5 Beds
- 3.1 Baths
- 21576246 MLS
Build your Million Dollar Horse Property! 25+ Acres includes a 60'X150' Indoor Arena, 30-12'X12' matted stalls with automatic waters all under one roof! 1989 Manufactured...
- 3 Beds
- 2 Baths
- 22219356 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. You could be in this home in time t...
- 2 Beds
- 2 Baths
- 22191984 MLS
Two BR, 1 BA home on 1 level acre has a year-round creek, irrigation rights, 2 car detached garage and spacious shed. Fix up existing home or build new on this private lo...
- 2 Beds
- 1 Baths
- 22384911 MLS
Mediterranean style home with tiled roof. Open floor plan. Sweeping staircase to the upper level. Kitchen has cherry cabinets, granite counters, stainless steel appliance...
- 4 Beds
- 3 Baths
- 22364880 MLS
AUCTION. Time to build your DREAM HOME! This vacant lot is ready for your vision. Located in the Phoenix area with approximately 7405 sq feet. Lot has been impacted by a...
- 22503853 MLS
Large 3 bedroom ranch style home on over 1 acre of private, level land. Perfect for a few domestic animals such as horses, cows, or sheep. Carport has a garage/shop behin...
- 3 Beds
- 1.1 Baths
- 22543518 MLS
Beautiful end unit townhome in the beautiful Westbrook community in Beaverton.
- 2 Beds
- 1.1 Baths
- 22382226 MLS
Spacious 3 bedrooms, 2.5 baths with 1890 Sqft. Spanish influenced style single level home w/high ceilings, unique arched doorways throughout, and an oversized garage. Al...
- 3 Beds
- 2.1 Baths
- 22494225 MLS
Attention Developers! Fixer upper on 1.28 acres in the Perrydale / Amity area. Potential to divide the property into 8 lots. Sell house (value is $350k fixed up) and buil...
- 22578544 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
HUD HOME, sold as is! 3 bedroom, 2 bath single level living at the Beach! Bring your RV and store it in your 16 x 40 Shop with 12 ft door. Catch evening sunsets with Ocea...
- 3 Beds
- 2 Baths
- 22356909 MLS
Classic neighborhood. Great possibilities abound with this one level home. Fenced yard. Nice investor opportunity.
- 2 Beds
- 1 Baths
- 22678008 MLS
Opportunity is knocking! Gorgeous lot and wonderful floor plan. A little love will go a very long way. Come make this yours!
- 3 Beds
- 2 Baths
- 22640103 MLS
REO Occupied-AUCTION - the seller does not represent or guarantee occupancy status. NOVIEWINGS of this property- no Interior photos. Please DO NOT DISTURB the occupant. "...
- 3 Beds
- 1 Baths
- 22631440 MLS
Take a look at this 3 bedroom 1 bath home, featuring recent updates including vinyl windows, lam/wood floors, and paint. The kitchen has newer cabinets and counters. Inf...
- 3 Beds
- 1 Baths
- 22320770 MLS
Move to Pilot Rock, Oregon and enjoy the feel of small-town living! Across the street from the Pilot Rock High School! Take a look at this 1-1/2 story 2 bedroom, 1 bath ...
- 2 Beds
- 1 Baths
- 22605199 MLS
REO Occupied - the seller does not represent or guarantee occupancy status. NO VIEWINGS of this property- no Interior photos. Please DO NOT DISTURB the occupant. "As is" ...
- 2 Beds
- 1 Baths
- 22594639 MLS
Live where you work in this creek side beauty! Home and restaurant to be sold together. Great room floor plan, kitchen island, large pantry. Primary suite separated from ...
- 3 Beds
- 2 Baths
- 22003720 MLS
Goat Mountain Public House is a restaurant and bar located just outside of Colton. Beautiful live edge bar with barstools, tables and chairs seating 64 people, wood burni...
- 22202462 MLS
HUGE REDUCTION! Beautiful large corner lot with 1.6 acres of level land! Endless options for you to build your dream home! Conveniently located close to river (less the...
- 22537253 MLS
HUGE REDUCTION! Beautiful large corner lot with 1.6 acres of level land! Endless options for you to build your dream home! Conveniently located close to river (less the...
- 2 Beds
- 1 Baths
- 22619607 MLS
So much potential with this home! Property is ready for your personal touches and would really shine with a little work. Spacious lot at the end of the street with plenty...
- 2 Beds
- 2 Baths
- 22217983 MLS
Awesome 34 acres of privacy. Bring your imagination and dream of the things you can do on 34 private acres right next door to the Umpqua River. House has 2beds 1 bath, li...
- 2 Beds
- 1 Baths
- 22072789 MLS
Turkey opportunity for developers and business owners! Highly visible commercial building located on the corner of 13th & Powell Blvd. Just minutes from downtown Portland...
- 22223673 MLS
This building offers you the opportunity for a coffee shop with drive up window, convenience market, office, take out pizza. This building and lot are in perfect conditi...
- 22443906 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
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
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
Ocean Beach Highway with a traffic count of 13,000 cars per day. Consists of two parcels. Entrance off of Ocean Beach Highway and/or possibly off of 46th for multi-family...
- 20628793 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 © 2022 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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