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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

6503 NW BERNIE  DR, Vancouver image
6503 NW BERNIE DR, Vancouver $385,000

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...

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  • 3 Beds
  • 2 Baths
  • 22130091 MLS
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10430 SE SCHILLER  ST, Portland image
10430 SE SCHILLER ST, Portland $449,900

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...

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  • 3 Beds
  • 2 Baths
  • 22148621 MLS
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63486 THIRD  RD, Coos Bay image
63486 THIRD RD, Coos Bay $74,900

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!

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  • 2 Beds
  • 1 Baths
  • 22337958 MLS
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91205 N COLEMAN, Coburg image
91205 N COLEMAN, Coburg $799,900

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...

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  • 4 Beds
  • 2.1 Baths
  • 22082634 MLS
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3885 SW 196TH  AVE, Aloha image
3885 SW 196TH AVE, Aloha $500,000

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 ...

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  • 3 Beds
  • 1 Baths
  • 22106189 MLS
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628 TWENTIETH  ST, Port Orford image
628 TWENTIETH ST, Port Orford $98,000

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...

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  • 2 Beds
  • 2 Baths
  • 22244418 MLS
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168 FIRST  ST, Dillard image
168 FIRST ST, Dillard $114,400

3 bedroom 1 bath home on a dead end street with two large bonus rooms in the attic. Large fenced back yard.

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  • 3 Beds
  • 1 Baths
  • 22429516 MLS
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2309 SW 1ST  AVE Unit #1544, Portland image
2309 SW 1ST AVE Unit #1544, Portland $365,000

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...

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  • 1 Beds
  • 2 Baths
  • 22132023 MLS
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14362 SE MARION  RD, Turner image
14362 SE MARION RD, Turner $396,704

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...

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  • 3 Beds
  • 2 Baths
  • 22044523 MLS
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3017 SW 4TH  AVE, Portland image
3017 SW 4TH AVE, Portland $622,500

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...

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  • 3 Beds
  • 2 Baths
  • 22447662 MLS
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2435 SW 206TH  PL, Beaverton image
2435 SW 206TH PL, Beaverton $370,000

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...

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  • 3 Beds
  • 2 Baths
  • 22034075 MLS
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2525 N LOMBARD  ST, Portland image
2525 N LOMBARD ST, Portland $375,000

Adorable little bungalow awaiting your personal touch!

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  • 2 Beds
  • 1 Baths
  • 22166342 MLS
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18414 NE 391ST  ST, Amboy image
18414 NE 391ST ST, Amboy $879,500

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...

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  • 5 Beds
  • 3.1 Baths
  • 21576246 MLS
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33005 CAMAS SWALE  RD, Creswell image
33005 CAMAS SWALE RD, Creswell $700,000

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...

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  • 3 Beds
  • 2 Baths
  • 22219356 MLS
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29908 BUFFALO  LN, Hermiston image
29908 BUFFALO LN, Hermiston $165,000

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. You could be in this home in time t...

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  • 2 Beds
  • 2 Baths
  • 22191984 MLS
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171 DECOY  LN, Myrtle Creek image
171 DECOY LN, Myrtle Creek $159,500

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...

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  • 2 Beds
  • 1 Baths
  • 22384911 MLS
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8301 SE BUFORD  LN, Portland image
8301 SE BUFORD LN, Portland $777,000

Mediterranean style home with tiled roof. Open floor plan. Sweeping staircase to the upper level. Kitchen has cherry cabinets, granite counters, stainless steel appliance...

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  • 4 Beds
  • 3 Baths
  • 22364880 MLS
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508 BARNUM  DR, Phoenix image
508 BARNUM DR, Phoenix $111,300

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...

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  • 22503853 MLS
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106 TRAIL MARKER  LN, Glendale image
106 TRAIL MARKER LN, Glendale $320,000

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...

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  • 3 Beds
  • 1.1 Baths
  • 22543518 MLS
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14150 SW 6TH  ST, Beaverton image
14150 SW 6TH ST, Beaverton $375,000

Beautiful end unit townhome in the beautiful Westbrook community in Beaverton.

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  • 2 Beds
  • 1.1 Baths
  • 22382226 MLS
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722 TANGLEWOOD  ST, Sutherlin image
722 TANGLEWOOD ST, Sutherlin $314,900

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...

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  • 3 Beds
  • 2.1 Baths
  • 22494225 MLS
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14206 BALLSTON RD AMITY OR, Amity image
14206 BALLSTON RD AMITY OR, Amity $600,000

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...

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  • 22578544 MLS
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2090 SEVEN MILE HIGH  RD, The Dalles image
2090 SEVEN MILE HIGH RD, The Dalles $535,000

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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811 353RD  PL, Ocean Park image
811 353RD PL, Ocean Park $390,000

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...

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  • 3 Beds
  • 2 Baths
  • 22356909 MLS
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1635 SE KANE  ST, Roseburg image
1635 SE KANE ST, Roseburg $132,000 ▼

Classic neighborhood. Great possibilities abound with this one level home. Fenced yard. Nice investor opportunity.

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  • 2 Beds
  • 1 Baths
  • 22678008 MLS
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61140 CLARK MILL  RD, Dufur image
61140 CLARK MILL RD, Dufur $710,000

Opportunity is knocking! Gorgeous lot and wonderful floor plan. A little love will go a very long way. Come make this yours!

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  • 3 Beds
  • 2 Baths
  • 22640103 MLS
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497 RED BLANKET  RD, Prospect image
497 RED BLANKET RD, Prospect $74,500 ▼

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. "...

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  • 3 Beds
  • 1 Baths
  • 22631440 MLS
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320 NE ANVIDON  ST, Pendleton image
320 NE ANVIDON ST, Pendleton $188,500

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...

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  • 3 Beds
  • 1 Baths
  • 22320770 MLS
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318 SE CHERRY  ST, Pilot Rock image
318 SE CHERRY ST, Pilot Rock $128,725 ▼

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 ...

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  • 2 Beds
  • 1 Baths
  • 22605199 MLS
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82588 COUSE CREEK  RD, Milton-Freewater image
82588 COUSE CREEK RD, Milton-Freewater $226,900 ▼

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" ...

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  • 2 Beds
  • 1 Baths
  • 22594639 MLS
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23788 S HIGHWAY 211, Colton image
23788 S HIGHWAY 211, Colton $725,000

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 ...

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  • 3 Beds
  • 2 Baths
  • 22003720 MLS
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23788 S HIGHWAY 211, Colton image
23788 S HIGHWAY 211, Colton $725,000

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...

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  • 22202462 MLS
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22556 SE DOWTY  RD, Eagle Creek image
22556 SE DOWTY RD, Eagle Creek $250,000 ▼

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...

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  • 22537253 MLS
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22556 SE DOWTY  RD, Eagle Creek image
22556 SE DOWTY RD, Eagle Creek $250,000 ▼

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...

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  • 2 Beds
  • 1 Baths
  • 22619607 MLS
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1175 DOUGLAS  ST, Vernonia image
1175 DOUGLAS ST, Vernonia $179,900 ▼

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...

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  • 2 Beds
  • 2 Baths
  • 22217983 MLS
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760 SALT CREEK  RD, Tiller image
760 SALT CREEK RD, Tiller $265,000 ▼

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...

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  • 2 Beds
  • 1 Baths
  • 22072789 MLS
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1195 SE POWELL  BLVD, Portland image
1195 SE POWELL BLVD, Portland $1,060,000

Turkey opportunity for developers and business owners! Highly visible commercial building located on the corner of 13th & Powell Blvd. Just minutes from downtown Portland...

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  • 22223673 MLS
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504 N MAIN  ST, Milton-Freewater image
504 N MAIN ST, Milton-Freewater $295,000

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...

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  • 22443906 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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12417 SE FOSTER  RD, Portland image
12417 SE FOSTER RD, Portland $1,790,000

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...

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  • 21053940 MLS
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Ocean  CT Unit #Lot28, Bay City image
Ocean CT Unit #Lot28, Bay City $99,500

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...

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  • 20482529 MLS
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4621 Ocean Beach  HWY, Longview image
4621 Ocean Beach HWY, Longview $299,000 ▼

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...

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  • 20628793 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 © 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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