Search Your Area For Foreclosures
Buying Foreclosures
Foreclosures are commonly desirable by investors and real estate buyers not only in Southern Oregon but all over the country due to the sometimes lower sales prices they can offer.
Foreclosures are either Judicial or Non-judicial and eventually sold at public auction. These auctions are can be held in different locations depending on the state. In Oregon they are either sold at a Sheriff (Judicial) or at the courthouse steps (non-judicial).
Foreclosures that did not sell at public auction are most the time then listed with a local real estate broker and placed on the open market. A lot of times these homes will be distressed and need work therefore they are priced lower to factor in repairs needed. Sometimes these properties will be priced low to attract a bidding war therefore driving the price up to normal market values.
Judicial Foreclosures
The judicial process of foreclosure will involve a lender or lienholder filing a lawsuit to obtain a court order to be able to foreclose, and is used when no power of sale is present in the deed of trust or mortgage. In most cases, after a declaration of foreclosure by the court, the home will be auctioned off to the highest bidder. With this type of foreclosure, the borrower has the right to redeem the property by paying the purchase price, plus interest, any foreclosure costs and the expenses the purchaser has incurred in operating and maintaining the property within 180 days after the sale date. To redeem the borrower needs to file a notice no less than two days and not more than thirty with the sheriff.
Non-Judicial Foreclosures
The process for non-judicial foreclosures is used when a mortgage or deed of trust contains a power of sale clause. A "power of sale" clause in a deed of trust or mortgage, in which the borrower will pre-authorize the sale of property to satisfy the loan balance in the event they default. In mortgages or deeds of trust where a power of sale exists, the lender is given the power to sell the property and may be executed by the lender or their representative, generally referred to as a trustee. Rockwell Real Estate and their team are no way providing legal advice and anyone with legal questions surrounding foreclosures should consult legal advice with an attorney. This information is provided as general in nature.
Current Foreclosures On The Market
Wonderful country living with this close in 2.8 acre parcel featuring 3 bedroom 2 bath ranch style home and large 2 car detached garage with covered back patio and in gro...
- 3 Beds
- 2 Baths
- 19632905 MLS
Listing courtesy of RE/MAX Integrity.
Enjoy small town living in this 3 bedroom 2 bath home featuring spacious master suite, vaulted ceilings, open kitchen dining, covered back deck, 2 car garage and fenced b...
- 3 Beds
- 2 Baths
- 19167033 MLS
Listing courtesy of RE/MAX Integrity.
Really great piece of elevated land for your new home. All utilities are in, repair the existing manufactured or remove and build a new house. Incredibly quiet and priv...
- 2 Beds
- 1 Baths
- 19657697 MLS
Listing courtesy of Emerald Valley Real Estate.
Redevelopment or Rehab opportunity on this .5 ac lot in I-2 zoning! Current structure is existing 2 bedroom house, large shop, and multiple outbuildings. Daytime showing...
- 2 Beds
- 1 Baths
- 19272333 MLS
Listing courtesy of RE/MAX Integrity.
YOU DON'T WANT TO MISS THIS LAKEFRONT GEM! Almost 100 feet of lake frontage. The home sits nestled back on the lot away from street noise. This home is ready for your upd...
- 2 Beds
- 1 Baths
- 19615987 MLS
Listing courtesy of Coldwell Banker Coast Real Est.
Deep lot of 133' with 80' on 28th St. Statistical Class is RLID is 232 Class 3 duplex. Large kitchen was recently updated with new cabinets.
- 4 Beds
- 2 Baths
- 19412692 MLS
Listing courtesy of Emerald Valley Real Estate.
Unique home to make your own! 3596 sq.ft on nearly 4 acres. A great location for someone who likes to fly, next to Creswell airport. Great mountain views. Plenty of room ...
- 3 Beds
- 2.1 Baths
- 18565217 MLS
Listing courtesy of Keller Williams /Eugene-Spfld.
Just under 1.5 acres.See attachment for PAS requirements and WFHM offer submittal information in MLS document section. Please submit all offers to the listing broker/agen...
- 2 Beds
- 1 Baths
- 19431520 MLS
Listing courtesy of Pacific Properties.
Private ranch on a large fenced lot. Master bedroom with large walk in closet and full bathroom. Extensive storage shelves in garage. All offers should be submit https://...
- 3 Beds
- 2 Baths
- 19660951 MLS
Listing courtesy of Lane County OR Homes Inc.
2BD/1BA single level home in an established neighborhood in Winston! Plenty of opportunity here on this level lot.
- 2 Beds
- 1 Baths
- 19668378 MLS
Listing courtesy of Keller Williams Realty Umpqua Valley.
Do not miss this newly updated 3 bedroom 2 bath ranch style home featuring 2 car attached garage, large back deck and fenced yard. New kitchen cabinets and SS Appliances...
- 3 Beds
- 2 Baths
- 18363181 MLS
Listing courtesy of RE/MAX Integrity.
Located in the high demand Mariners Village gated community. Custom designed 1,424 square foot home with grand scale living for both casual & formal entertaining. The soa...
- 3 Beds
- 2 Baths
- 19413063 MLS
Listing courtesy of Mal & Seitz.
Nice 2 bedroom 1 1/2 bath home on over 3/4 of an acre. This home features a large living room, , a small deck and a detached garage. This is a Fannie Mae HomePath propert...
- 2 Beds
- 2 Baths
- 2997152 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Do not miss the opportunities of this spacious 2 bedroom 2 bath double wide manufactured home with large covered deck and fenced back yard.
- 2 Beds
- 2 Baths
- 19125192 MLS
Listing courtesy of RE/MAX Integrity.
Newer home with large green space to the south. Home features cute front porch, updated laminate floors in kitchen, dining and living room, kitchen has large dining area...
- 3 Beds
- 1 Baths
- 19012271 MLS
Listing courtesy of Emerald Valley Real Estate.
Newer manufactured home on its own lot. Long private driveway allows for extra quiet and less traffic. Home has a good size yard, vaulted ceilings and an open floor pla...
- 3 Beds
- 2 Baths
- 19162274 MLS
Listing courtesy of Emerald Valley Real Estate.
Convenient location near courthouse, downtown Roseburg. Needs work, but has a lot of potential. Seller will not complete any repairs to the subject property, either lende...
- 2 Beds
- 1 Baths
- 19123478 MLS
Listing courtesy of Keller Williams /Eugene-Spfld.
Walk out your front door to the in ground pool, enjoy a view of the hills and city from your living room. Main level features large living room with balcony and fireplac...
- 3 Beds
- 1.1 Baths
- 19090597 MLS
Listing courtesy of Emerald Valley Real Estate.
Nice 3 bedroom 2 1/2 bath, 1720 sqft home on over 3 acers in NW Grants Pass. Sets back from the road for privacy. This will work for someone willing to do a little work t...
- 3 Beds
- 3 Baths
- 2997077 MLS
Listing courtesy of Keller Williams Realty Southern Oregon.
Great Primary Home or second home. HUGE shop w/ concrete floors. Near River, Lakes and Mountains. Call or Text 503-998-7581 for more info.
- 3 Beds
- 2 Baths
- 201900005 MLS
Listing courtesy of Toby Elliott Real Estate.
The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Listing content is copyright © 2018 SOMLS, Medford, Oregon. Last updated:
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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 © 2019 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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