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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
Updated 3 bedroom, 2 bath double wide manufactured home located on private 5 acre setting well off main road. Home features new roof, interior and exterior paint, applia...
- 3 Beds
- 2 Baths
- 21353602 MLS
Do not miss this wonderfully updated 4 bedroom 2 bath ranch style home located on 2.58 acres. Updates include new interior paint, carpet and LVP Vinyl flooring and appl...
- 4 Beds
- 2 Baths
- 21333882 MLS
Stunning new construction in Estacada, offers a cozy farmhouse aesthetic with a fresh take on country living. This home features classic touches blended with sleek desig...
- 4 Beds
- 3 Baths
- 21287947 MLS
Charming 3 Bedroom Ranch located close in Clackamas! Open floor plan with soaring vaults in the living room and fireplace. Slider to the large patio and backyard that bac...
- 3 Beds
- 1 Baths
- 21550088 MLS
Great investment property. Located in a good neighborhood, close to shopping and schools. This one level home has much to offer, featuring fireplace in the living, large ...
- 2 Beds
- 1.1 Baths
- 21635688 MLS
Just in time for spring! Two story home on corner lot across from the park and a short walk to downtown. Three bedrooms, two bathrooms, formal dining room, & spacious liv...
- 3 Beds
- 2 Baths
- 21044808 MLS
Retreat to the Oregon Coast and begin your beach inspired living just blocks from the beach and the bay at Waldport.. Enjoy the distance views and beautiful sunsets from ...
- 3 Beds
- 3 Baths
- 21261060 MLS
This is what you have you have been looking for! Beautifully updated with LVP flooring in kitchen, dining and family room. Large living room with new carpet. Spacious up...
- 4 Beds
- 2.1 Baths
- 21540715 MLS
Get ready to roll up your sleeves with this wonderful investment opportunity awaiting your amazing vision. This two story, split level, four bedroom, and two bathroom hom...
- 4 Beds
- 2 Baths
- 21674194 MLS
Corner lot. Value in the land. Single wide is a fixer. Property sold as-is. Build a new home or new manufactured. Lots of opportunity. submit offers on xome.com, offers l...
- 2 Beds
- 1 Baths
- 21245186 MLS
LIVE THE COUNTRY LIFE on the edge of town! Fantastic property w/ a spacious 4BR/2.5Bth home full of potential. 24x48 Shop w/cement flr.& Lift! 84x100 Barn w/8 stalls & t...
- 4 Beds
- 2.1 Baths
- 21598309 MLS
Per the seller, no interior inspection is allowed for safety reasons. REO Occupied - the seller does not represent or guarantee occupancy status. NO VIEWINGS of this prop...
- 3 Beds
- 1 Baths
- 21424431 MLS
ALL OFFERS MUST BE SUBMITTED BY THE BUYERS AGENT VIA OFFERSUBMISSION.COM, ID# 5218910. NO PAPERWORK REQUIRED UNTIL TERMS ACCEPTED. BUYER PAYS $300 FEE AT CLOSING.Located ...
- 3 Beds
- 2 Baths
- 21699031 MLS
Nice location, less than 1 hour from Mt Hood Meadows. Newer home located at end of the street. Master on main with direct access to back patio/yard. If the listing is act...
- 3 Beds
- 2.1 Baths
- 21216965 MLS
WOW! Looking for an updated move in ready home under $300,000? Well, here it is. Updates include: new roof, paint, all new cabinets, fixtures, flooring, shiplap wall, ...
- 3 Beds
- 1 Baths
- 21575117 MLS
Wake up every day to breathtaking views of Portland and the Cascade Range from this 8th floor condo! Contemporary city living at its finest with an open living area and b...
- 1 Beds
- 1 Baths
- 21153303 MLS
New kitchen appliances, flooring, and water heater! RR tracks behind property have been decommissioned, no traffic! No HOA! Spacious 2 bedroom 2.1 bath home with open flo...
- 2 Beds
- 2.1 Baths
- 21128029 MLS
Subject property is being sold occupied with any and all occupants in AS IS/WHERE IS condition. Neither the seller nor the listing broker can verify the existence of any ...
- 2 Beds
- 1 Baths
- 21408747 MLS
Offers due Sun 2/28 at 5PM. Amazing investment opportunity, tri-plex in the heart of SW Portland. Old world charm, mixed with timeless updates. Across the street from Woo...
- 21601412 MLS
Cape Cod Style home in Springfield, OR this one is a major fixer, with 1 bedroom and 1 bathroom, some hardwood flooring and a covered back porch. Home sits on a nice leve...
- 1 Beds
- 1 Baths
- 20471881 MLS
Here's you chance to live on the west side of the highway in the quiet Klipsan Beach, Jolly Rogers Subdivision. Bank Owned Manufactured home in need of some TLC can give ...
- 2 Beds
- 2 Baths
- 21637080 MLS
Gated Rainbow Rock Condo - Ground floor oceanfront 2 bedroom, 2 bath condo unit with incredible OCEAN and coastline views. Recent UPDATES include interior paint, granite ...
- 2 Beds
- 2 Baths
- 20033000 MLS
North Columbia county, top of the hill property! The land will afford many trees and be potentially a nice view property, too. The cabin is not habitable at this time, bu...
- 1 Beds
- 1 Baths
- 20524747 MLS
Two Story Traditional Style home in Jefferson, OR is a must see, it currently features 4 bedrooms and 2.5 bathrooms, Greatroom with fireplace, some hardwood flooring, i...
- 4 Beds
- 2.1 Baths
- 20516850 MLS
HUGE REDUCTION! Own your own unit in the brilliant Avenue Lofts building! Fully updated/remodeled building! This unit's great features include: high ceilings, NEW stainl...
- 1 Baths
- 20621481 MLS
Successful drive thru coffee business operating from 2016 to the stay at home order. Owners love the business but are ready to retire. Sale includes land, building, signa...
- 20357568 MLS
Three bedroom 1 bath 2 story home in the quiet town of Fossil, Oregon. Large fenced yard ready for kids or pets. Some appliances included. Looking to get away from the bi...
- 3 Beds
- 1 Baths
- 20319446 MLS
PENTHOUSE - Panoramic City and Mountain view. Hardwood floors, vaulted ceilings, AC, patio and balcony. Wood burning fireplace. Deeded parking (2 spots). Large common are...
- 2 Beds
- 1.1 Baths
- 20230812 MLS
Full Cascade MT views and a view of the 6th fairway of Nicklaus course. Gently sloping, corner lot with a flat build area and natural rock outcroppings. Enjoy all of the ...
- 20196281 MLS
On a clear day you can see forever... when you live here! Manufactured home with great sq ft! Three bedrooms, two bathrooms, family room plus living room, dining area an...
- 3 Beds
- 2 Baths
- 20315418 MLS
Moby Dick's Tavern located on Busy Hwy 101 in the Heart of Newport! This Unique Space Offers a Large Bar Area with Tons of Seating, a Dance Floor, Restrooms, and Separate...
- 20176080 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
3 bedroom, 2 bath home with a 2-car attached garage situated on a 0.18 acre lot.
- 3 Beds
- 2 Baths
- 20515515 MLS
Stunning views on this ready to build lot in Skyline Terrace. Build your dream home. Utilities are available and ready to be connected.
- 19076281 MLS
Location! Location! Location! Convenient to I-5 this 17.92 acres is within the Urban Reserve, adjacent to Wilsonville City limits. Currently under farm deferral and being...
- 19154410 MLS
Location - Location - Location for this 58.12 acres currently with crops.
- 19262959 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 © 2021 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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