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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
This lovely floor plan has a covered patio, green space lot. Tons of living space on main floor. 4 bedroom, 2 1/2 bath. Backs up to walking trails and surrounded by ser...
- 4 Beds
- 2.1 Baths
- 20515769 MLS
HUD Home. Serene Acreage in Eagle Creek. Beautiful lot cleared and landscaped for all of the comforts of home. Surrounded by acres of peaceful trees and forest land. The ...
- 4 Beds
- 2 Baths
- 20181104 MLS
This Beautiful 2 story, 3 Bed 3.5 Bath home in the Deschutes River Canyon in Bend is located in the Gorgeous River Canyon Estates Community! This home features a Spacious...
- 3 Beds
- 3.1 Baths
- 20454295 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
This move-in ready home is conveniently located within walking distance of shopping, grocery stores, restaurants, the new "Gateway Discovery Park" and has easy access to ...
- 1 Beds
- 1 Baths
- 20376046 MLS
Like new condo! Exterior has been extensively renovated with new siding & paint, windows, roof, parking lot sealed, decks, and more. Detached 1 car garage + storage off...
- 2 Beds
- 1.1 Baths
- 20183846 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
Character and charm exude from this chalet in the country, but still close to beaches, lake, casino, and all of the amenities and services of Lincoln City! 4 bedroom home...
- 4 Beds
- 1.1 Baths
- 20617364 MLS
Single Level Manufactured Home On A 3.56 Acre Lot With Large Shop / Outbuilding (Approx. 1700 sq ft).Buyers To Do Their Own Due Diligence Regarding Usability Of This Prop...
- 3 Beds
- 2 Baths
- 20615784 MLS
One level with covered patio and view of river. New microwave, all stainless steel appliances and full interior paint. Updated flooring and A/C. Deeded parking space, no ...
- 1 Beds
- 1 Baths
- 20304211 MLS
Colonial style home built in 1920 features freshly refinished wood floor throughout the main living areas with coffered ceilings & crown molding. Kitchen radiates with ne...
- 3 Beds
- 2.1 Baths
- 20156763 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
Location location location and priced to sell! Spacious 2322 square feet 4 (possible 5?) bedroom with an open floor plan. Fenced backyard with a giant lot perfect for ent...
- 4 Beds
- 2.1 Baths
- 20497421 MLS
Stunning Pearl District Condo on the 14th floor of The Encore. Wall of windows & expansive deck w/breathtaking views of downtown, Mt. Hood, bridges & the Willamette River...
- 1 Beds
- 1 Baths
- 20197516 MLS
Tripe wide manufactured home located in Umapine. Tons of potential with lots of space. Home sits on full unfinished basement. 3 bedroom, 2.5 bath, open kitchen to family ...
- 3 Beds
- 2.1 Baths
- 20595055 MLS
This NE Portland bungalow has great potential. Close to the 84 & 205 freeways, this 2 bedroom, 1 bath home has some good features, such as a fireplace and mud room in the...
- 2 Beds
- 1 Baths
- 20682241 MLS
Over 55 community but property manager states that under 55 is ok. Two-bedroom condo in convenient location. Seller will not review offers until after seven days on marke...
- 2 Beds
- 1 Baths
- 20132443 MLS
Move in ready, this lovely home has been updated with a new roof, paint inside and out, new floor coverings including LVP, Convenient sunroom off dining room. Large deck ...
- 3 Beds
- 2 Baths
- 20057541 MLS
Own your own unit in the brilliant Avenue Lofts building! Fully updated/remodeled building! This unit's great features include: high ceilings, NEW stainless appliances, ...
- 1 Baths
- 20621481 MLS
Priced for professional contractor investor. Alley access may potentially permit future boat or RV storage. Attractive approx. 1/2 ac lot.Some windows may have been updat...
- 3 Beds
- 1 Baths
- 20081858 MLS
The picture of potential! 2.51 acres of possibility, with this 2 bedroom, 1 bath home with a shop sold as-is. Ready for your rehab creativity, this property has all the m...
- 2 Beds
- 1 Baths
- 20468085 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
New Construction home. New 8 Home subdivision in Powellhurst- Gilbert Neighborhood of Portland. Property boasts an 80 walk-score and 96 bike score. Close to MAX Green Lin...
- 3 Beds
- 2.1 Baths
- 20404487 MLS
Remodeled One Level End Unit Condo! New Int. Paint, New Kitchen Appliances & Countertops, New Lighting, Bathroom With New Re-Glazed Tub/Shower, New Bath Fan, Toilet & Cou...
- 2 Beds
- 1 Baths
- 20631858 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
All new kitchen includes cabinets, granite counters, SS appliances, sink & faucet. New roof, water heater, & wet bar. Baths have updates including matching counters. Ne...
- 3 Beds
- 3 Baths
- 20399151 MLS
Property reported as OCCUPIED, DO NOT DISTURB OCCUPANTs or contact them under any circumstances. Register & submit bids at All offers subject to Seller's conditions & ap...
- 3 Beds
- 2 Baths
- 20041036 MLS
Property reported as OCCUPIED, DO NOT DISTURB OCCUPANTs or contact them under any circumstances. All offers subject to Seller's conditions & approval.
- 3 Beds
- 2 Baths
- 20694159 MLS
Property reported as OCCUPIED, DO NOT DISTURB OCCUPANTs or contact them under any circumstances. Register & submit bids at www.auction.com. All offers subject to Seller's...
- 3 Beds
- 1.1 Baths
- 20363620 MLS
Not too big, not too small, this just right cabin is one of Vernonia's best values. Overlooking a 4.28 acre lot. Each room of the home is well-positioned to take advantag...
- 1 Beds
- 1 Baths
- 20471788 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
In the heart of downtown Willamette District. Beautiful and move-in ready! Master on main with ensuite & fireplace, walk-in closet and soaker tub. Vaulted ceilings throug...
- 4 Beds
- 2.1 Baths
- 20575141 MLS
BEFORE WRITING! HERE IS A GREAT CLEARED LEVEL 17,390 SQUARE FOOT LOT READY TO BUILD ON. ZONED R7. THERE WAS A HOUSE ON THIS PROPERTY BUT IT HAS BEEN DEMOLISHED. BUYER TO ...
- 20569332 MLS
Highly desired large end unit townhouse in great location of Beaverton! Great features include: backs to large lawn area for patio area, detached garage & carport, 3 bat...
- 3 Beds
- 2.1 Baths
- 20678902 MLS
This property may also be marketed via an auction event at(void where prohibited). The Seller will review offers submitted through the auction site as well as through the...
- 4 Beds
- 2 Baths
- 20155807 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
HUGE REDUCTION! What a beauty in the fantastic Arlington Heights neighborhood! Great features include: open floor plan,fully updated kitchen including new SS appliances...
- 4 Beds
- 3 Baths
- 20624684 MLS
Cottage Style home in rural Idanha, OR this fixer features views of the mountains, main house built in 1948 estimated 2,000 sq ft has 3 bedrooms and 1.5 bathrooms, wood b...
- 3 Beds
- 1.1 Baths
- 20107734 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
In sought after McCormick Pier Condominiums, Portland OR .This Condo features two levels, 2 bedrooms and 2 bathrooms, views of the Willamette River, open floor plan, gran...
- 2 Beds
- 2 Baths
- 18538066 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...
- 5 Beds
- 1.1 Baths
- 20415440 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...
- 2 Beds
- 2.1 Baths
- 20199429 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
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...
- 4 Beds
- 2.1 Baths
- 20262400 MLS
Recently updated! This home has a newer roof, furnace and AC. Gleaming hardwood floors, light and bright kitchen with eat are and master on the main floor with its own ...
- 5 Beds
- 3 Baths
- 20299554 MLS
This cute rustic home makes you feel like you are living in the woods but close-to the city. Large 15k lot with room to grow, 4 bedrooms, 2.1 bathrooms, close-to-town, t...
- 4 Beds
- 2.1 Baths
- 20275974 MLS
Please allow 7 day response period. Large 1/4 acre lot. Close to year-round outdoor activities such as hiking, biking, fishing, hunting, and golf.
- 4 Beds
- 1.1 Baths
- 20578012 MLS
All offers are subject to Seller's conditions & approval..**Property is reported to be OCCUPIED. Occupants are not to be disturbed or contacted under any circumstances.
- 2 Beds
- 1 Baths
- 20526519 MLS
All offers are subject to Seller's conditions & approval. Property is reported to be OCCUPIED. Occupants are not to be disturbed or contacted under any circumstances.
- 3 Beds
- 3 Baths
- 20607188 MLS
HUGE REDUCTION! One of a kind recently remodeled Laurelhurst turn of the century craftsman!Fantastic features include:attention to detail recent remodel from from top to ...
- 5 Beds
- 2.1 Baths
- 20117654 MLS
This sprawling one level 1,003 square foot condo has the space, functionality and personality you have been looking for. This unit gets amazing light and has a fenced pat...
- 2 Beds
- 2 Baths
- 20218630 MLS
.91 acre lot ready to be developed. Contact City of Coos bay to explore the possibilities.
- 20282755 MLS
Please submit any/all offers to listing agent. Wonderful location, wide street, well cared for area. Interior has not been viewed, interior is occupied. Property being so...
- 6 Beds
- 4.1 Baths
- 20019956 MLS
This top floor unit in the historic Ball Parc American Condominiums is a must see! Nestled in the heart of NW Portland, this condo features crown molding, french doors, ...
- 1 Beds
- 1 Baths
- 20008543 MLS
Raised Ranch Style home in Portland, OR come take a look at this one, currently features, 3 bedrooms and 2 baths per the tax records. Hardwood flooring thru-out, partiall...
- 3 Beds
- 2 Baths
- 20189314 MLS
Beautiful setting totally private and secluded. Surrounded by forestland. Large detached garage / shop combo. Enormous master w/ bath and deck overlooking the treed setti...
- 3 Beds
- 2.1 Baths
- 20618209 MLS
A Beautiful 3 bedroom two bath Manufacture home with add on's in Port Orford.
- 3 Beds
- 2 Baths
- 20510321 MLS
River front property! Full kitchens on both levels. Stand in this house, look around & think about all the people who have walked through these doors over the last 130+ y...
- 7 Beds
- 2 Baths
- 20590660 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
Great location with a nice Commercial building in Myrtle Point on Hwy 42. Large lot, approx. .48 of an acre with 2 separate paved parking areas. Built in 1972 with 4077 s...
- 20586189 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
Small town living yet minutes from Hillsboro! This double wide manufactured home features 1296SF, 3 bedrooms, 2 full baths, vaulted ceilings, quiet setting on .94 acres. ...
- 3 Beds
- 2 Baths
- 20202140 MLS
Great price, act now to make this Depoe Bay, OR home site with wonderful views of the mountains and the ocean, all yours! This little fishing village has so much charm y...
- 19551935 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 © 2020 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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